Chad bought a cabin in the mountains for $45,000. He repaired the furnace, redecorated the interior, and repainted the exterior. All of this work totaled just over $7,000. When he tried to resell it, the best offer he got for his cabin was $48,500. Which principle of valuation does this scenario exemplify

Answers

Answer 1

The principle of valuation that the scenario exemplifies is called the principle of contribution.

Data and Calculations:

Cost of cabin = $45,000

Maintenance cost = $7,000

Resale value = $48,500

Shortfall in investment cost = $3,500 ($48,500 - $45,000)

The principle of contribution states that the worth of an improvement is  the market value of the entire property, despite the cost of the improvement. If Chad wanted to make some profit on the sale, he should not incur more maintenance cost than the market is ready to accept.

Thus, the principle of valuation that the scenario exemplifies is called the principle of contribution.

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Related Questions

In analyzing the chart, what is the relationship between fees and dollar advanced? What do you think that payday lenders base their fees on?

Answers

Fees are directly related with the dollars advanced. Meaning as the dollars advanced increases, fees also increases and same goes as the dollars advanced decreases, fees also decreases. And therefore, using this same concept, we can say that payday lenders based their fees on the amount of dollar advanced.

According to the given chart, The relationship between the fees and dollar advanced is that Fees are proportional to the amount of money borrowed.

What is fees?

Fees is defined as the amount of money that a person charges with the another person for the use of their services or any item, and the amount is based upon the agreement made between the parties.

As shown in the given graph, the amount of money advanced grows, so do the fees, and as the amount of money advanced grows, so do the fees.

Using the same logic, it can be said that payday lenders charge fees based on the quantity of money borrowed.

Therefore, The relationship between fees and dollars advanced, as seen in the graph, is that fees are proportional to the amount of money borrowed.

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What are some risks of adding a new product?

Answers

Answer:

the product could not sell

the product could be poorly received/rated

the product could put your company into debt

if the product got bad reviews that looks bad for your business

Explanation:

how much does it cost to tent a house for termites

Answers

Termite Treatment Cost

Termite treatment costs between $222 and $931, or $576 on average. Depending on the type of treatment, size of your home and severity of the infestation, you may pay anywhere from $3 to $16 per linear foot. Compare quotes from exterminators near you for the best treatment solution and price. Dealing with termite problems gets more expensive over time. The moment you suspect your home has them, you should hire a pro for inspection and treatment.

what country is home to the world’s oldest continuously-operating business?

Answers

Answer:

Japan is the home to the worlds oldest operating Bush

current assets minus current liabilities is called

Answers

Answer:

working capital also called net working capital (NWC)

A company reports on the cash basis. During the company's first year of business, it had sales on account of $1,000,000, inventory purchases on account of $400,000, and other expenses of $200,000. At the end of the year, the company had accounts receivable, inventory, and inventory related accounts payable of $100,000, $10,000, and $50,000, respectively. What is the company's cash-basis income for its first year of operations

Answers

Based on the information given the company's cash-basis income for its first year of operations is $350,000.

First step

Net sales revenues =Sales - Account receivable

Net sales revenues= $1,000,000 - $100,000

Net sales revenues = $900,000

Second step

Net expenditure on purchases =Inventory purchases - Account payable

Net expenditure on purchases =$400,000 - $50,000

Net expenditure on purchases = $350,000

Third step

Cash-basis income =Net sales revenues - Net purchases expenditure - Other expenses

Cash-basis income= $900,000 - $350,000 - $200,000

Cash-basis income= $350,000

Inconclusion  the company's cash-basis income for its first year of operations is $350,000.

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A local butcher and a worker at a cereal factory both work in what Agriculture, Food, and Natural Resource pathway?

Agribusiness Systems
Food Products & Processing Systems Animal Systems
Natural Resources Systems​

Answers

The Food Products & Processing Systems is the department in Agriculture, Food, and Natural Resource where the local butcher and a worker at the cereal factory.

The food products $ processing systems is a department in the Food, and Natural Resource

The department is responsible for tasks including:

Bulk food production Development of ways to process, package or store food etc

In conclusion, the Food Products & Processing Systems is the pathway in Agriculture, Food, and Natural Resource where the local butcher and a worker at the cereal factory.

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_ entail(s) the tendency of customers to do nothing or remain locked in on decisions or behaviors they have already made or are living out.In a marketing context, _______________ entail(s) the tendency of customers to do nothing or remain locked in on decisions or behaviors they have already made or are living out.

Answers

There are different aspect to marketing. In a marketing context, Inertia entail(s) the tendency of customers to do nothing or remain locked in on decisions or behaviors they have already made or are living out.

Inertia is simply known as a term that often shows the ability of a physical object to not want change and therefore resist it as much as possible.

In marketing, it is known to be a word used to show when businesses do not work or change their marketing strategies so as to meet growing consumer demands etc.

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A way of spreading stress among employees and providing a respite from particularly stressful jobs is basically job ______

Answers

Answer:

Job Rotation

Explanation:

Job rotation is basically a way of spreading stress among employees and providing a respite—albeit temporary—from particularly stressful jobs

Hope this helps!

Job rotation is a management strategy in which employees are rotated between two or more assignments or jobs at regular intervals to expose them to all aspects of an organization. It is a way of spreading stress among employees and providing a respite from particularly stressful jobs.

What is job rotation?

Job rotation is a well-planned practice that is used to reduce boredom from doing the same type of job every day and to discover an employee's hidden potential. It aids management in identifying employee talent and determining what he or she excels at. It allows a person to pursue his or her own interests and gain experience in various fields or operations.

Job Rotation is a pre-planned approach with the goal of testing the employee's skills and competencies in order to place him or her in the appropriate position. Furthermore, it reduces job monotony, provides them with broader experience, and assists them in gaining more insights.

Therefore the correct answer is job rotation.

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The CPI of a country in October is given to be 210. In November, the CPI rises to 220. What is the rate of inflation from October to November? Round
your answer to the nearest tenth of a percent if necessary. (1 point)
O 10.0%
O 4.8%
O 1.0%
O 4.5%

Answers

Answer:

4.8%

Explanation:

The rate of inflation is 4.8%.

Given that,

The CPI of a country in October is given to be 210. In November, the CPI rises to 220.

Based on the above information, the calculation is as follows:

= (220 - 210) ÷( 210)

= 4.8%

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A grid-based layout commonly used in website design is called what?

A. Rebus

B. Mondrian

C. Circus

D. Sihouette

Answers

A grid-based layout that is commonly used in the design of a website is called: B. Mondrian.

A website can be defined as a collective name that is used to describe series of webpages that are linked together with the same domain name. Also, all website are hypertext markup language (HTML) documents that contains codes, tags, image, audio, and video files, inserted to make them responsive and interactive with end users.

In Web design, a grid serves as an underlying structure upon which the layout of a website is built. The most commonly used grid-based layout for the design of a website is called Mondrian.

Mondrian is a grid-based layout that can be used to divide spaces on a website into clear sections, in order to enable the smooth navigation and transition of webpages and its contents.

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how long will the increase in food stamps last in alabama 2021

Answers

Based on the latest information released by the Alabama government, the increase in food stamps would last in 2021, "when the target of 500,000 children has been met."

Food Stamps in Alabama 2021

As a result of the coronavirus pandemic, the state government of Alabama, like many other states government in the United States, is giving out food stamps to people.

However, the rolling out of these current food stamps will last until after the target has been met, which is "500,000 children."

The food stamps benefit totaled $180 million.

Hence, in this case, it is concluded that the correct answer is "when the target of 500,000 children has been met."

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The ABC Corporation has a long-standing policy of maintaining a dividend payout ratio of 45%. ABC's net income for the year is $12 million, and there are 8 million shares of common stock outstanding. After a 3:2 stock split, the annual dividend per share is

Answers

Based on the information given the annual dividend per share is $0.45.

Distribution of net income to common shareholders:

Amount available for common shareholders=45%×$12 million

Amount available for common shareholders =$5,400,000

Number of shares:

Shares=(8 million shares × 3)/2

Shares= 24 million shares/2

Shares = 12 million shares

Annual dividend per share:

Annual dividend per share=$5,400,000/12 million shares

Annual dividend per share=$0.45

Inconclusion the annual dividend per share is $0.45.

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One way a local community might regulate a shared and limited resource and reduce the tragedy of the commons is to:

Answers

Division of the resources into parcels as well as assigning them to individuals serves as a way that local community usually follow in regulations of shared as well limited resource.

limited resource serves as term used to describe that the quantities of available labor as well as  capital, land are finite.

In order to regulate these resources, the local community can divide the resources into parcel so it will be able to easy for allocation.

Another way is to assign this resources to individual one after the other.

Therefore, Division of the resources into parcels  one way to share the resources.

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An advantage of water transportation over road transportation was that a. canals made Philadelphia the center of commerce for midwestern trade. b. canals cost less to construct than roads. c. canal construction was easier to do than road construction. d. the federal government preferred to fund canal projects over road transportation. e. canals increased the speed of commerce over long distances.

Answers

The advantage of the water transportation over road transportation was that water transportation was faster than road transportation.

Water transport refers any form of transport that takes places on body of water. This is very effective because there are usually no hindrance to vessel movement on sea, ocean, rivers etc

The road transport entails the form of transport that take place of the road.

Hence, the advantage of the water transportation over road transportation was that water transportation was faster than road transportation.

Therefore, the Option F is correct.

Missing option include "F. water transportation was faster."

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Allan borrowed $4200 from his father to buy a car. He repaid him after 4 months with interest of 7% per year. Find the total amount he repaid.

Answers

The total amount Allan repaid is $4,297

Allan borrowed $4200

He repaid it after 4 months

The interest incurred is 7%

The total amount Allan can be repaid can be calculated by multiplying the amount he borrowed by the number of months and interest

= 4,200 × (1 + 7/100 × 4/12)

= 4,200 × (1 + 0.07×0.333)

= 4,200 × (1+0.0231)

= 4,200 × 1.023

= 4,297

Hence the total amount he repaid is $4,297

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Becca has $500 to open a checking account. She wants an account with the lowest fees. She writes about 12 checks per month and her employer has direct deposit. She plans to only use her bank's ATM four times a month. Bank Account Terms and Conditions Bank Account terms and conditions. Bank B is best for Becca. Which checking account would be best for Becca? Account A Account B Account C Account D.

Answers

People often have different types of account. The checking account that would be best for Becca is Account B

A checking account is known to be a type of bank account that gives room for customers to male quick and easy deposit and withdrawal of their money for daily transactions.

It often includes depositing a check that a person receive, taking out cash with your debit card or setting up direct deposit for your paychecks.

Looking at the Account B in the picture attached you will see that the option be is the best for Becca.

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Answer:

Account B

Explanation:

pro verified this trust

How can I tutor at age 11?

Answers

ask your school or your parents/guardian

Given the following information of a trader calculate the total current assets?

Motor van $3000

Prepaid rates $ 500

Debtors. $3000

Stock. $. 700

Accrued wages. $. 75

Equipment. $500

A. $ 4200
B.$ 5000
C.$2400
D.$3700

Answers

Answer:

A.

Explanation:

CORRECT IF IM WRONG

SORRY FROM NO EXPLANATION

True or False: The purpose of a Sprint is to produce a valuable and useful Increment of working product.

Answers

Based on the business management system, it is True that the purpose of a Sprint is to produce a valuable and useful Increment of working products.

What are Sprints?

Generally, Sprints is a brief, time-boxed period utilized by the scrum team to complete a set amount of work rapidly.

Sprint as a time-box of a month or less is used by working teams to enhance their working activities.

Hence, in this case, it is concluded that the correct answer is "True."

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Quais são as medidas de controlo que podem ser utilizadas para minimizar efeitos do impacto ambiental?

Answers

Answer:

Reduce, recyle, reuse

Reducir, reciclar, reutilizar

Explanation:

It dosnt have to be very complicated, you could simply be using the same another side of a paper or taking 2 minutes out of your total shower time. We want to slowly get better at this.

No tiene por qué ser muy complicado, simplemente podría usar el mismo otro lado de un papel o tomar 2 minutos de su tiempo total de ducha. Queremos mejorar lentamente en esto.

bounded rationality is an idea in behavioral economics in which individuals are limited in their ability to make decisions. this leads to outcomes that differ from the outcomes predicted by traditional economic theory. which of the following would best describe an individual limited by ""bounded rationality""?

Answers

Bounded rationality simply means an idea that has to do with the fact that people are limited in their ability to make decisions.

You didn't provide the options. Therefore, an overview of the topic will be given. Bounded rationality means the way individuals make decisions that is different from perfect economic rationality.

An example of bounded rationality is when ordering at a restaurant and the customer makes suboptimal decisions because the customer was rushed by the waiter.

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4. The three general categories of responsibilities of the financial manager are (1 point)
O cash-flow management, financial control, and financial planning.
O financial planning, accounting, and government tax reporting.
O government tax reporting, cash-flow management, and financial control.
O accounting, cash-flow management, and government tax reporting.

Answers

Answer:

A

Explanation:

A: Cash-flow management, financial control, and financial planning. Hopefully this helped

The three general categories of responsibilities of the financial manager are cash-flow management, financial control, and financial planning. Therefore option A is correct.

What is cash-flow management?

The act of tracking, evaluating, and maximizing the difference between cash receipts and cash outlays can be summed up as cash flow management for businesses. For any organization, net cash flow is a crucial indicator of financial health.

Poor cash flow management is one of the main causes of business failure. You have a cash flow issue if your business consistently spends more money than it brings in.

Developers frequently have cash flow issues in the extremely cyclical real estate development industry. Both the initial capital expenditure and continuous operational cash outflows for property development are sizable.

Therefore option A is correct.

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what are the 4 hierarchical tiers of information in an ipv4 address?

Answers

The 4 hierarchical tiers of information in an ipv4 address include the following:

NetworkSubnetHost components

Based on the given question, we can see that the ipv4 address has to do with the networking components of a system and how they are used in the rerouting of data across a network.

With this in mind, they have hierarchical tiers of information which includes the network that is used, the subnet masking, and the host components.

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to implement the marketing concept, a firm must first

Answers

Answer:

obtain information about its customers' needs

Explanation:

You must know what your customers' needs are before you try to satisfy them.

6. In 1996, the average house price in the UK was about $75,000. By 2007, prices had risen to around $190,000. This increase in prices had been fueled by rising incomes and cheap loans.

a) Draw a demand and supply diagram to show what caused house prices to rise between 1996 and 2007.

b) There is an improvement in technology in the housing industry. Draw a diagram to show the effect this would have on house prices.

Answers

Please find attached the required diagrams.

As a result of the rising incomes and cheap loans, the demand for houses would increase. This would cause an outward shift of the demand curve. As a result, equilibrium price and quantity of houses would increase.

An improvement in technology in the housing industry would lead to an increase in the supply of houses. This would lead to an outward shift of the supply curve. Equilibrium price would reduce and equilibrium quantity would increase.

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When applying for a job, which document should you tailor to fit the job posting?

Both the cover letter and the résumé

Neither the cover letter nor the résumé

Only the cover letter

Only the résumé

Answers

both the cover letter and résumé

Yolanda owns a custom curtain business. One of her suppliers brings her a delivery of decorator fabric on the 1st of each month, which she can pay for at anytime during that month. If she pays for the fabric by the 15th of the month, her supplier gives her a 10 percent discount off the cost. Which short-term liability does this scenario best describe

Answers

The short-term liability in the scenario is BEST described as E. a trade credit.

Trade credit involves the extension of the payment date for a business transaction.  The 10% discount offered by the supplier to Yolanda's curtain business within the discount period of 15 days is a financial inducement to enable Yolanda to pay on time.

Thus, within the credit period, the short-term liability that Yolanda's business bears is known as a trade credit, not an account receivable, a line of credit, a factor, or a loan.

Answer Options:

A. an account receivable

B. a line of credit

C. a factor

D. a loan

E. a trade credit

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what does it mean when the fed raises interest rates

Answers

What Happens When the Fed Raises Rates?

——> When the Fed raises the federal funds target rate, the goal is to increase the cost of credit throughout the economy.

what is represented by the distance between two vertical white gridlines on this graph?

Answers

The information which is represented by the distance between two (2) vertical white gridlines on the graph in the image attached is: a time span of 50 years.

A graph can be defined as the graphical representation of data (information) on both the horizontal and vertical lines, which are x-axis and y-axis respectively.

In this scenario, the x-coordinates is used to represent time in years ranging from 1500 to 2050.

On the other hand, the y-coordinates is used to represent the total population in billions.

From the graph, we can deduce that each point of the vertical white gridlines with respect to another represent a time span of 50 years.

For example:

[tex]Time\;span = 1950-1900[/tex]

Time span = 50 years.

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