Answer:
The inventory would be increased by $55,283 and the profit has been decreased by the same amount.
Explanation:
The reason is that the closing inventory has been increased by the difference of the correct and incorrect amount which is:
Closing inventory difference = $225,513 - $170,230 = $55,283
This will increase the closing inventory in the balance sheet and the increase in the closing inventory will decrease the cost of goods sold. The lower the cost of goods sold the greater is the profit.
The appraiser must identify the data source for the GLA.
Is TRUE regarding gross living area (GLA) in an exterior-only inspection appraisal for Fannie Mae
Property valuation, property valuation, or land valuation is the process of creating a property valuation (usually market value). Real estate transactions are traded daily and, in contrast to corporate stocks that are identical, are infrequent and each property is unique (especially its condition, an important factor in valuation) and may require the valuation.
The location also plays a decisive role in the evaluation. However, real estate cannot be relocated, so it is often the upgrade or improvement of a home that can change its value. Evaluation reports are the basis for mortgages, real estate planning, divorce, taxation, and more. Valuation reports are sometimes used to set the sale price of a property.
In addition to various compulsory education levels from finance to civil engineering, most, if not all, countries require appraisers to be licensed to practice.
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Correct option: 44 Percent
Inflation rate is general rise in the price of goods and services. Inflation rate can be calculated by calculating the percentage difference in consumer price index.
Therefore, Inflation rate would be 44%.
Answer:
* The present value (at age 30) of retirement savings is $46,982.
* Amount expect when retiring: $959,089.
Explanation:
* The present value (at age 30) of retirement savings:
The contribution that is made on the 31st birthday = 31 years old salary * 8% = 30 years old salary * 1.04 * 8% = 35,000 * 1.04 * 8% = $2,912.
We apply the formula for calculating the present value of growing annuity to determine the present value of retirement savings at age 30:
[2,912 / ( 9% - 4%)] * [ 1 - [(1+4%)/(1+9%)]^35 ] = $46,982.
* Amount expect when retiring:
We apply the formula for calculating the future value of growing annuity to determine the future value of retirement savings at age 65:
[2,912/ (9% - 4%) ] * [ 1.09^35 - 1.04^35 ] = $959,089
Answer: Federal (national)
Explanation:
In the united state, the dual banking system is one of the type of banking system which include both the national and the state banks.
In the dual banking system, the national banks are basically regulated or controlled by the federal law and regulation and then also supervised by the federal agency.
The importance of this dual banking system is that it is necessary for maintaining the balance between the state and the national banks and also providing the various types of benefits to the system.
Therefore, Federal or the national banks is the correct answer.
