g. You are deriving a gross income multiplier in the appraisal of a 14-unit apartment building. Market data is as follows: 16 units sold for $1,200,000 with a gross income of $150,000 12 units sold for $960,000 with a gross income of $120,000 4 units sold for $480,000 with a gross income of $48,000 What GIM is suggested for the property under appraisal
Answers
The GIM suggested for the 14-unit property is 8.
Data and Calculations:
16 units 12 units 4 units
Selling price $1,200,000 $960,000 $480,000
Gross income $150,000 $120,000 $48,000
Gross Income Multiplier 8 8 10
A 14-unit apartment building's suggested GIM = 8
A property's gross income multiplier (GIM) measures the property value by dividing the property's sale price by its gross annual rental income.
Thus, the GIM suggested for the 14-unit property is 8.
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Related Questions
Mary, Ann, and Beth are partners. Their capital balances are, ; ; and , respectively. As per the partnership agreement, Mary receives a profit share of 2/9; Ann has 4/9; and Beth has 3/9. Beth withdraws from the partnership by receiving . What will be the impact of this transaction on the journal entries?
Answers
Complete Question:
Mary, Ann, and Beth are partners. Their capital balances are $23,000, $41,000 and $30,000 respectively As per the partnership agreement Mary receives a profit share of 2/9, Ann has 4/9, and Beth has 39 Beth withdraws from the partnership by receiving $23.000 What will be the impact of this transaction on the journal entries?
A. Cash will be debited for $30,000
B. Mary. Capital will be debited for S 7,000
C. Ann, capital will be credited for $7,000
D. Beth, Capital will be debited for $30,000
Answer:
D. Beth, Capital will be debited for $30,000
Explanation:
The entry would be reduction in capital by $30,000 because his investment is sold for $23,000 and the remainder $7,000 would be profit for two remaining partners and would be shared with their respective ownership.
The entry is as under:
Dr Beth Capital Account $30,000
Cr Mary Capital A/c $2,333 (1/3) of $7,000
Cr Ann Capital A/c $4,667 (1/3) of $7,000
Cr Cash Account $23,000
Hence the option D is correct here.
Option A is incorrect because cash wasn't debited with.
Option B is incorrect because Mary capital wasn't debited, it was credited.
Option C is also incorrect because Ann's capital was credited but with (2/3) share.
what is the number of electron to gain Li
Answers
Which of the following is not true of a mass customization process strategy?
Answers
Answer:
phone
Explanation:
How does finance and insurance affect in our global economy?
Answers
The ways that finance and insurance affect our global economy include:
Capital allocationRisk managementHow can finance and insurance affect the economy ?Finance plays a crucial role in allocating capital to its most productive uses. Through the provision of financial services such as banking, investment, and asset management, finance channels funds from savers to investors, supporting economic growth and development.
Insurance plays a vital role in managing risk and protecting individuals and businesses from potential losses. By spreading risk among a large pool of insured individuals or companies, insurance enables businesses to invest and take on new opportunities with greater confidence, contributing to economic growth and stability.
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A box contains 4
red marbles, 6
white marbles, and 3
blue marbles. If a marble is randomly selected from the box, what is the probability that it is blue? Express your answer as a fraction or a decimal number rounded to three decimal places, if necessary.
Answers
The probability of selecting a blue marble is 0.231 (rounded to three decimal places) or 3/13 as a fraction.
What is probability?Generally, The probability of selecting a blue marble can be found by dividing the number of blue marbles by the total number of marbles in the box:
P(blue) = number of blue marbles / total number of marbles
P(blue) = 3 / (4 + 6 + 3)
P(blue) = 3 / 13
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Describe Reid Hoffman the founder and creator Linkedln?
Answers
Answer:
Reid Garrett Hoffman is an American internet businessman, tech entrepreneur, writer. Hoffman became co-founder and president of LinkedIn, an enterprise-oriented social media network mainly utilized for business networking. In 2016, Hoffman transferred LinkedIn for $26.2 billion in cash to Microsoft, then entered the board for Microsoft.
What are the various product line decision, and when do marketing managers make each of these decisions? What is the meaning of product mix, width, depth, and length
Answers
Answer:
Product mix decisions arise as soon as an organization has several product lines. But what is ... Each of these product lines, in turn, consists of several sub-lines.
Explanation:
you start out with $2,000 in a savings account and save $100 a month for 10 years and the account has a 2.5% interest rate. based on that calculation how much interest would you earn?
Answers
Answer: 25%
Explanation:
Determine the missing amount:
Assets=Liabilities+owners Equity x 272000 573000
Answers
Based on the given amounts of assets and liabilities, the missing amount of Owner's equity is $301,000
How to find the equity?The Owners equity is one of the parts of the Accounting equation which is:
Assets = Liabilities + Owners Equity
The Assets in this instance is $573,000 and the Liabilities are $272,000.
The Owner's equity is the missing amount and it can be found as:
573,000 = 272,000 + Owners Equity
Owners Equity = 573,000 - 272,000
Owners Equity = $301,000
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Suppose the CPI was 110 last year and is 121 this year.
Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 1 decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
a. What is this year’s inflation rate?
____ %
b. In contrast, suppose that the CPI was 110 last year and is 108 this year. What is this year’s inflation rate?
____ %
c. What term do economists use to describe this second outcome?
Inflation or Deflation
Answers
The inflation rate is 10%, which can be computed the second answer is -1.8%. third outcome called deflation.
How to calculate CPI?a) The formula to CPI is
\(CPI= \frac{current CPI-past CPI}{past CPI}\)
\(CPI= \frac{121-110}{110}\)
CPI= 0.1 or 10%
b) \(CPI= \frac{current CPI-past CPI}{past CPI}\)
\(CPI= \frac{108-110}{110}\)
CPI= -0.18%
A decrease in the economy's overall price level is referred to as deflation, whereas a temporary slowdown in price inflation is known as disinflation. A decrease in the money supply, reductions in government and consumer expenditure, and reductions in corporate investment can all contribute to deflation, which is bad for an economy.
A progressive drop in consumer prices for products and services is known as price deflation. This is frequently brought on by the deflationary gap, also referred to as the demand gap, which is characterized by high supply and low demand. Consumers and businesses hold on to their money rather than spending it because they anticipate a decrease in pricing.
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Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Answers
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
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what is the language y business
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Answer:
Can you put that question in another way then maybe i can help you find your answer.
silence is gold explain in a hundred words that can be used ethically at workplace
Answers
Answer:
Silence is gold is the business strategy used by many organizations in relation to communication ethics. The business communication is effective when the precise and correct information is circulated. When there is culture of unnecessary talks in business there can be unhealthy arguments and excessive criticisms which may ruin business strategies. Business ethics is implementing strategies which are to be followed by all employees. The strategies are formed after keeping in mind concerns of all stakeholders including how to treat employees. The silence can be a business ethics strategy to avoid gossips, as it may lead to negative consequences at the workplace.
Explanation:
Silence is strategy of introvert people but it is hard for extroverts to keep silence in a communication. There are some situations where keeping silent is better than to speak. There can be business situations where excess talks can bring negative effects to the company profits and may disturb company culture. Silence is peaceful and implementing culture of silence may bring peace to a business. When there will be less talks among employees the people will be more productive and focus on their own tasks rather than wasting time in an unhealthy discussion. Keeping this in mind it is fairly said "Silence is Gold"
the constitution explicitly limits state authority from all of the following except:____.
A)making treaties with foreign nations.
B)coining money.
C)creating bills of attainder.
D)collecting taxes.
Answers
The constitution explicitly limits state authority from all of the following except: D)collecting taxes.
What is tax?
Tax can be defined as the amount that a person is expected to remit to the federal or state government and this tax money is a source of revenue for the government.
The constitution gave the state authority to collect tax amount from individual who file tax return but prohibit them form doing the following:
Making treaties with foreign nations.Coining money.Creating bills of attainder.Therefore the correct option is D.
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When two or more people get together for the purpose of circumventing prescribed controls, it is called:______
a. Collusion
b. Assignment of Responsibilities
c. A Division of Duties
d. Fraud Prevention
Answers
Answer:
a. Collusion
Explanation:
Collusion can be defined as an illegal, secret and uncompetitive agreement between rivalry parties in attempt to destroy the market equilibrium through actions such as illegal-pricing.
Hence, when two or more people get together for the purpose of circumventing prescribed controls, it is called collusion.
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The main purpose of internal controls is to guarantee that loss is eliminated as there's an accurate and reliable accounting system.
An internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.
Hence, internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting
As of January 1, Terrace Waters, Capital had a credit balance of $500,000. During the year, withdrawals totaled $10,000, and the business incurred a net loss of $320,000. Compute the balance of Terrace Waters, Capital as of the end of the year. Assuming that there have been no recording errors, will the balance sheet prepared at December 31 balance? Explain.
Answers
If as of January 1, Terrace Waters, Capital had a credit balance of $500,000.
A. The balance of Terrace Waters, Capital as of the end of the year Iis $170,000.
b. Yes, Assuming that there have been no recording errors, the balance sheet prepared at December 31 balance will balance.
How to find the balance?a. Balance of Terrace Waters:
Using this formula to find the balance of Terrace Waters:
Balance of Terrace Waters = Capital - Withdrawals - Net loss
Balance of Terrace Waters = ($500,000 – $10,000 – $320,000)
Balance of Terrace Waters = $170,000
This positive balance means that the assets of Waters' business is higher than the liabilities.
b. Yes, assuming that there have been no recording errors, the balance sheet prepared at December 31 will balance with Terrace Waters, Capital, being reported in the owner’s equity section as the amount of $170,000.
Therefore the balance of Terrace Waters, Capital is the amount of $170,000 and the balance sheet will balance.
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In the product market of the circular flow model -
A. firms buy finished products from households
B. consumers buy factors of production from firms
C. firms sell factors of production to the government
D. consumers buy finished products from firms
Answers
According to the circular flow model, the consumers buy finished products from firms in the product market.
Option D is the correct answer.
What is the circular flow model?
The flow of income through the economy of a country is described by an economic model called the circular flow model.
In the product market, the circular flow of funds is initiated from the household sector like consumers and ends in the business sector, that is, the firms, companies, or organizations. It simply means the flowing of money from consumers to firms when consumers purchase products from retailers.
Therefore, the purchase of products by consumers from firms in the product market under the circular flow model
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(214) 1. Distinguish between technical efficiency and allocative efficiency. Use the two concepts of efficiency to compare a perfect market structure with a monopoly.
Answers
Technical efficiency refers to the ability to produce the maximum output from a given set of inputs or resources. It focuses on the production process and achieving the highest output level with the least amount of resources wasted. Technical efficiency emphasizes optimizing the production process to minimize costs and maximize productivity.
Allocative efficiency, on the other hand, relates to the allocation of resources in a way that maximizes overall social welfare. It refers to the ideal allocation of resources that matches consumers' preferences and demands. Allocative efficiency ensures that resources are allocated so that goods and services align with consumer preferences. This results in the best outcome for society.
When comparing an ideal market structure with a monopoly in terms of efficiency, there are significant differences. In an ideal market structure, characterized by complete competition, both technical and allocative efficiency is typically achieved. Many buyers and sellers exist, information is freely available, and no single entity controls the market. Competition drives firms to produce at the lowest cost and offer goods and services that match consumer preferences, leading to technical and economic efficiency.
In contrast, a monopoly represents a market structure where a single firm dominates the industry and has substantial market power. In terms of technical efficiency, a monopoly may not necessarily achieve the same level as a perfectly competitive market. Due to the lack of competition, a monopoly may not have the same incentive to minimize costs or innovate as efficiently as possible. This can result in higher production costs and lower technical efficiency.
Regarding allocation efficiency, monopolies often fail. Without competition, a monopolistic firm can set prices higher than the marginal cost of production, resulting in a suboptimal allocation of resources. The monopolist may prioritize maximizing profits rather than satisfying consumer preferences. This leads to a less efficient allocation of resources than in a perfectly competitive market.
Overall, an ideal market structure exhibits higher levels of technical and allocative efficiency than a monopoly. When true competition promotes resource optimization and consumer satisfaction, resulting in more efficient resource allocation.
watch the video " the best stats youve ever seen " then answer the questions.
Answers
Answer:
the evonimy did thi sna s ithat
Explanation:
why do people form group is forming a group accidental or spontaneous?
Answers
The purpose of the cash flow statement is to
Answers
Answer:
The cash flow statement makes adjustments to the information recorded on your income statement, so you see your net cash flow—the precise amount of cash you have on hand for that time period. For example, depreciation is recorded as a monthly expense
Explanation:
Cash flow refers to the net balance of cash moving into and out of a business at a specific point in time. Cash is constantly moving into and out of a business. For example, when a retailer purchases inventory, money flows out of the business toward its suppliers.
Calculate the percent change in revenue from one month to the next if 1,000 units are sold on sale at $21 each during a month, and then 700 units are sold at $30 each during the next month.
Answers
There is no change in revenue from one month to the next.
To calculate the percent change in revenue from one month to the next, you will need to find the revenue generated in each month and compare them.
The formula to find the percent change is given by:
Percent change = [(New value - Old value) / Old value] x 100
Where the New value is the revenue generated in the second month and the Old value is the revenue generated in the first month. To find the revenue generated in the first month, we need to multiply the number of units sold by the sale price per unit.
Revenue in the first month = 1,000 x $21 = $21,000
To find the revenue generated in the second month, we need to multiply the number of units sold by the sale price per unit.
Revenue in the second month = 700 x $30 = $21,000
Using the formula, we can find the percent change in revenue from the first month to the second month:
Percent change = [(21,000 - 21,000) / 21,000] x 100
Percent change = 0%
Therefore, there is no change in revenue from one month to the next. This means that selling fewer units at a higher price did not generate more revenue than selling more units at a lower price. It is important for businesses to consider the optimal balance between price and quantity to maximize their revenue.
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Bill explains that men and women approach many tasks in different ways. He explains that while their approaches are different, men and women should be judged on the quality of their work. Which principle is Bill demonstrating?
a.
Sexism
b.
Stereotyping
c.
Respect
d.
Harassment
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
C. Respect is the answer.
Explanation:
You, a Captain, are a section chief in Military Personnel and 2d Lt Smith’s supervisor. Lt Smith is a Force Support Officer. She has been on active duty for a year and in her present job for 10 months. She supervises 21 enlisted personnel who perform a variety of administrative tasks in support of a tactical fighter wing. She majored in business administration in college, served 3 years as an administrative specialist, and was an E-4 before being accepted for OTS. As an enlisted member, she graduated from technical school as an honor graduate and was cited on numerous occasions for outstanding performance. Her supervisors considered her a valuable asset to the unit and an expert in her area of responsibility. She’s very enthusiastic about her work and plans to make the Air Force a career.
Lieutenant Smith took over her job 2 months after the unit had received a rating of “marginal” by the numbered Air Force Inspector General’s evaluation team. At the end of her first week on the job, Lt Smith called her NCOIC and key supervisors together and told them that she wouldn’t tolerate marginal performance, that she had previous experience in this type of work, and would be looking at the quality of their work very closely. Since that time, Lt Smith has attempted to supervise every phase of work in her office and, at times, has involved herself in even the most routine decisions. Lt Smith assigns people to certain jobs within the office, plans the work schedule, leave schedule, and does most of the counseling in the office.
In the last 6 months, Lt Smith has ordered several people to work overtime to complete routine work ahead of schedule. Each time this has happened, the NCOIC has asked the lieutenant for permission to speak to her immediate supervisor. On each occasion, the lieutenant has told the senior master sergeant he must not take these internal problems to you, because she’ll take care of any problems in her section--and the NCOIC should remember who writes his EPR.
Most of the time, when Lt Smith approaches the work or break area where the workers are congregated, she notices all conversation stops and the personnel won’t talk to her unless she addresses them first. After reviewing a report yesterday, Lt Smith became very impatient. She bypassed his NCOIC and took the report directly to the Airman who had typed it. While Lt Smith was berating the Airman about the typing errors, the NCOIC walked into the office and asked the Airman what the problem was. The lieutenant became flustered, told the NCOIC she was tired of doing his job for him, and shoved the report into his hands. Lt Smith then went into her office and slammed the door.
The NCOIC relayed this situation to you and asked for your help. How will you help? BACKGROUND
*ENVIRONMENT: Airforce Base
*PEOPLE INVOLVE: The Captain, Lt Smith, Airman and NCOIC.
PROBLEM DEFINATION
*Lt Smith Unprofessional Behavior
DIAGNOSIS
*Marginal Performance
*Previous Experience
*Enthusiastic With her Job
*Academic Credibility
Answers
The lieutenant Smith has taken leave, and everything is running smoothly. People are, however, more attentive when she is present. Decisions are being delayed, and morale was low. The and other important supervisors are worried which some people may decide to due to her supervision, leave the service style.
Several issues must be addressed as a result of this case study. Lieutenant Smith's micromanagement technique is causing morale issues and may lead to retention issues, which is one of the main concerns. It's also troubling that she's requesting people to work extra hours without proper authorization or regard for the impact on their personal lives.
As her boss, you ought to tackle these concerns with Lt Smith and advise her on proper supervisory techniques. You could advise her to delegate more responsibilities to her NCOIC and other key supervisors, and to concentrate in strategic planning and decision-making instead of micromanaging every detail. We should also emphasise the significance of adhering to proper procedures for authorising overtime and taking into account the impact on personnel.
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You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $33,000. You feel you can earn an APR of 10.8 percent compounded monthly and plan to save $395 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation
Answers
Answer:
Explanation:
What 22
Individual consumers are considered as:
communication
possible customers
competition
demographics
Answers
B. Possible customers
A ____________ will likely be called in when a chimney needs to be torn down and rebuilt, or when a brick wall needs to be cut through during a renovation project.
A. bricklayer
B. entrepreneur
C. market research analyse
D. advocate
Answers
Answer:
C the answer
Explanation:
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A mortgage can best be defined as?
a
A state loan designated to qualified applicants for personal use.
b
A loan offered by competitive banks to prospective home owners.
c
A private loan provided by credit unions for health related expenses.
d
A federal loan disbursed by the government to assist senior citizens.
Answers
Answer:
B. A loan offered by competitive banks to prospective home owners.
Who prepares the annual housekeeping budget?
OA.
the executive housekeeper
OB.
the general manager
Ос.
the front office manager
OD
the accounting manager
Answers
Answer:
oa
Explanation:
OA.
the executive housekeeper.
this is the correct answer.
Answer:
B. The General Manager
Explanation:
The correct answer is - B. The General Manager
Reason -
In a smaller scale hotel or facility usually there is Front Office, Housekeeping and Maintenance and the expenses are controlled mainly by the Owner through the General Manager.
They were the key decision maker in preparing the yearly budget with the assistance of an accountant or accounting firm.
Requirement 2. How much is the owner's equity of the property management company? Irene Chan has $ of equity in the property management company?
Answers
The information provided is incomplete as the amount of equity or any specific details about Irene Chan's investment in the property management company are not given. Therefore, without knowing the specific amount or percentage of equity Irene Chan holds in the company.
it is not possible to determine the exact value of the owner's equity or Irene Chan's equity in the property management company.Equity represents the ownership interest in a company and is calculated by subtracting the company's liabilities from its assets. However, since no information is provided regarding the company's liabilities, assets, or Irene Chan's investment.
We cannot calculate the owner's equity or determine Irene Chan's specific equity in the property management company.To accurately determine the owner's equity or Irene Chan's equity, it would be necessary to have additional information about the company's financial statements, investments, and any other relevant details regarding ownership stakes or capital contributions.
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