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

Consider the following invoice:

What information is missing that is necessary for generating the total?

Answers

Answer:

maybe bills and rent

Explanation:

Answer:

the subtotal and tax are missing

Explanation:

I had the same question

Maria has started a lawn care service about a year ago. She did
good work and her customers spread the word. Sales are
increasing quickly! What stage of the product life cycle is
described in this example?
O Introduction
O Growth
O Maturity
O Decline

Answers

I believe it’s growth

Answer:

your answer to this i belive would be growth

Explanation:

The production facility for a space shuttle would probably be organized according to a ________ layout.

Answers

Answer:

fixed-position

Explanation:

Put the following items in order from most expensive to least expensive. Item Base Price Change Direction Toaster $23. 35 36% Markup DVD $20. 36 66% Markup Headphones $69. 09 56% Markdown Jeans $55. 08 41% Markdown a. Headphones, jeans. Toaster, DVD b. Headphones, DVD, toaster, jeans c. DVD, toaster, headphones, jeans d. DVD, jeans, toaster, headphones.

Answers

The items arranged from most expensive to least expensive is  DVD, jeans, toaster, headphones.

A mark up increases the price of an item while a mark down reduces the price of an item.

Price after a mark up = (1 + mark up) x base price

Price after a mark down = (1 - mark down) x base price

Price of the toaster after the mark up: (1.36 x $23.35 = $31.76

Price of the DVD after the mark up: 1.66 x $20.36 = $33.80

Price of the head phones after the mark down: (0.44 x $69.09 = $30.40

Price of the jeans after the mark down: 0.59 x $55 = $32.45

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The answer is:D. DVD, jeans, toaster, headphones.

Which of the following is considered one of the biggest advantages of online marketing?

ability to be individually tailored
ability to cultivate relationships
relatively low cost
ability to get immediate action

Answers

Answer:

Ability to cultivate Relationships .

Online marketing allows you to create new relationships in a targeted way that simply wasn't possible twenty years ago

Suppose that a steel manufacturer headquartered in Japan sets up a subsidiary in Canada to produce steel. This practice is referred to as:

Answers

Hi! The answer would be “Horizontal integration”

ARIBA network may not work as a B2C as opposed to B2B,

Answers

It is true to say that the ARIBA network may not function as B2C as opposed to B2B, as ARIBA is a business network focused on Business to Business (B2B) where buyers and suppliers can collaborate.

The advantages of companies participating in the ARIBA network are:

CollaborationOpportunitiesRelationship

Therefore, buyers have the advantages of greater management of the acquisition process and control of expenses, building an effective supply chain.

And suppliers increase cash flow, simplify the sales process and increase customer satisfaction.

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The salary at the new job is a(n). The benefits at the job are a(n). The job’s location is a(n). The potential for job satisfaction is a(n).

Answers

There are different kinds of employment benefits. The answers to the questions are;

The salary at the new job is an advantage The benefits at the job are an advantage The job's location is an advantageThe potential for job satisfaction is an advantage

There are different benefits from finding a good job. They include insurance in both medical, life, dental etc., vacation pay, holiday pay, maternity leave, bonuses etc.

Getting a good Job that has a good pay and very close to one's residence  is very  important as it will reduce your cost of spending.

See full question below

Keisha has received an offer for a job that pays a higher salary than her current job. It also offers health insurance for all the members of family. The new job is a distance from her home and will require a long commute, which will take her away from her family for many hours of the day. In addition, it provides the promise of advancement and future opportunities at that company. The salary at the new job is a(n) . The benefits at the job are a(n) . The job’s location is a(n) . The potential for job satisfaction is a(n) .

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Answer:

The salary at the new job is a(n)

✔ advantage

.

The benefits at the job are a(n)

✔ advantage

.

The job’s location is a(n)

✔ disadvantage

.

The potential for job satisfaction is a(n)

✔ advantage

For approximately how many seconds does 2022 versa’s hill start assist hold the brakes?

Answers

The Nissan Versa has a starting assistant that lasts at least 3 seconds so that the driver can easily start on slopes.

What is the hill start assistant?

The hill start assistant is a technological and mechanical device that has been implemented in several cars worldwide to prevent the car from rolling back due to gravity and inertia.

Hill Start Assist allows the driver to start on a hill without worrying about backing up. This development has prevented several accidents and is a good invention for those who are just starting to drive.

One of the cars that have this development is the Nissan versa 2022. This car offers a hill-start assistant that allows the driver to have at least 3 seconds to start the car on a slope without the car backing up.

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Match the treatment of unrealized gains and losses on debt investments existing at the time of transfer between investment categories with the correct transfer scenario.

a. AFS or HTM to Trading AFS or HTM to Trading drop zone empty.
b. Trading to AFS or HTM Trading to AFS or HTM drop zone empty.
c. HTM to AFS HTM to AFS drop zone empty.
d. AFS to HTM AFS to HTM drop zone empty.
d. None are recognized because they already have been recognized in income.

Answers

Option D

Because the answer is AFS to HTM- Amortize to net income over remaining life.

Which organization, whose launch responded to the emergence of television as the leading medium of advertising, rose to fame in the mid-1950s

Answers

Answer:

The Non-profit Television Bureau for Advertising

Explanation:

true or false: Directors bring the unifying concept/vision to the production, guiding the rest of the creative team.

Answers

The correct answer is: True.

Directors bring the unifying concept/vision to the production, guiding the rest of the creative team. The given statement is true.

What is the goal of a creative director?

From conception to completion, overseeing the creative process. Convert marketing goals into distinct creative approaches. collaborate closely with cross-disciplinary project teams, especially those in IT. Lead and oversee the production of all marketing materials by the creative team.

The artistic director plans and directs the execution of a production's artistic vision and focus, and frequently the entire program presented by a theater. This role may be combined with that of the Chief Executive, depending on the size and management style of the theater.

Thus, the mentioned above given statement is true.

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what is the internet

Answers

Answer:

the internet is a vast network that connects computers all over the world.

Explanation:

says the internet

The particular market segment your company is trying to sell your products or services to is your _________.
A.
Customer profile
B.
Market share
C.
Community
D.
Target market

Answers

D it makes the most sense

you are a member of a newly formed team that has been tasked with designing a new product. none of the team’s members have worked together previously and thus confidence is low. which of the following tactics would be most effective in promoting the team’s confidence in its capability to function successfully?

Answers

The tactics which would be most effective in promoting the team’s confidence in its capability to function successfully is to:

Jump right into a challenging task in order to figure out your team's capability.

According to the given question, we are asked to state the tactics which would be most effective in promoting the team’s confidence in its capability to function successfully.

As a result of this, we can see that when a team has a set task like designing a new product and the members of the team are yet to have worked together before, then the tactics which would be most effective in promoting the team’s confidence in its capability to function successfully is to jump into a challenge immediately in order to find out the capability of the team.

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Which of the following illustrate improvements in productivity? Select the two correct answers. (1 point)
After adopting a new typing strategy, a data scientist is able to provide more data services to clients.
After hiring an additional employee, a factory manager has seen a large increase in factory output.
O A restaurant purchases more food ingredients, resulting in a larger quantity of meals available to customers.
O A nurse decides to work overtime, increasing the quantity of patient care services she is able to provide.
After practicing at home, a dishwasher has doubled the number of dishes he can wash in a single shift.

Answers

Improvements in productivity can be explained as illustrated using below examples;

After adopting a new typing strategy, a data scientist is able to provide more data services to clients.After practicing at home, a dishwasher has doubled the number of dishes he can wash in a single shift.

Improvements in productivity involves achieving more output in daily task of an organization.

When the productivity is low ,then the company will not have enough profit and this is not good for the company.

We can conclude high productivity is the target if every firm.

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Jermaine and Kesha are married, file a joint tax return, have AGI of $82,500, and have two children. Devona is beginning her freshman year at State University during fall 2021, and Arethia is beginning her senior year at Northeast University during fall 2021 after having completed her junior year during the spring of that year. Both Devona and Arethia are claimed as dependents on their parents' tax return. Devona's qualifying tuition expenses and fees total $4,000 for the fall semester and Arethia's qualifying tuition expenses and fees total $6,200 for each semester during 2021. Full payment is made for the tuition and related expenses for both children during each semester. The American Opportunity credit available to Jermaine and Kesha for 2021 is:

Answers

The American Opportunity credit available to Jermaine and Kesha for 2021 is:$5,000.

First step is to calculate the American Opportunity credit for Devona

American Opportunity credit for Devona=(100% of first qualifying expenses+ 25% of next qualifying expenses)

American Opportunity credit for Devona=(100%×$2,000)+(25%×$2,000)

American Opportunity credit for Devona=$2,000+$500

American Opportunity credit for Devona=$2,500

Second step is to calculate the American Opportunity credit for Arethia's

American Opportunity credit for Arethia's =(100% of first qualifying expenses+ 25% of next qualifying expenses)

American Opportunity credit for Arethia's=(100%×$2,000)+(25%×$2,000)

American Opportunity credit for Arethia's=$2,000+$500

American Opportunity credit for Arethia's=$2,500

Third step is to calculate the Total American Opportunity credit

Total American Opportunity credit= American Opportunity credit for Devona +American Opportunity credit for Arethia's

Total American Opportunity credit=$2,500+$2,500

Total American Opportunity credit=$5,000

Based on the above calculation total American Opportunity credit will be $5,000 reason being that  both Jermaine and Kesha's Adjusted Gross Income of the amount of $82,500 is not higher than $160,000.

Inconclusion the American Opportunity credit available to Jermaine and Kesha for 2021 is:$5,000.

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PLEASE PLEASE PLEASE HELP !!

Answers

Answer:

box 1 box 3 and box 5 try that of not im sorry

help me, please i am trapped

Answers

What is the help u what ??

Annual percentage rate (APR) is:
A. a yearly fee charged on a credit card.
B. the total cost of a loan per year, expressed as a percentage.
C. the interest rate on a loan expressed as a percentage.
D. an interest rate that compounds yearly.
SUBMIT

Answers

Answer:

B.The total cost of a loan per year expressed as a percentage

A local radio commercial costs $600 and reaches an estimated 10,250 listeners. A local cable commercial costs $1000 and reaches an estimated 18,500 viewers. Which medium provides the lowest CPM

Answers

Based on the calculations, the medium that provides the lowest CPM is the cable commercial.

Since the radio commercial costs $600 and reaches an estimated 10,250 listeners, the CPM will be:

= $600/10250

= $0.0585

Since the local cable commercial costs $1000 and reaches an estimated 18,500 viewers, its CPM will be:

= $1000 / 18500

= $0.0541

Therefore, the lowest CPM is gotten from the cable commercial.

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The effects of tariffs and quotas are: a(n) __________ in consumers' surplus, and a(n) __________ in producers' surplus.

Answers

Answer:

decrease; increase

Explanation:

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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which of rockwell’s paintings reached a record sale price?

Answers

"Saying grace" sold for, $46 million dollars.

PLEASEEEE HELP The Supplemental Poverty Measure differs from the official poverty measure in a number of ways. What is one particular difference between the two?
(1 point)
O The Supplemental Poverty Measure includes cash income, while the official poverty measure does not.
O
The official poverty measure includes nonmonetary benefits like housing subsidies and tax credits, while the Supplemental Poverty
Measure does not.
O
The Supplemental Poverty Measure includes nonmonetary benefits like housing subsidies and tax credits, while the official poverty
measure does not.
O The official poverty measure includes cash incomes, while the Supplemental Poverty Measure does not.

Answers

The third one ( The supplemental Poverty Measure includes nonmonetary benefits like housing subsidies and tax credits, while the official poverty measure does not.)

The Census Bureau of U.S. started publishing SPM in 2011.SPM includes the non-monetary benefits, while official poverty measure does not.

What is Supplemental Poverty Measure(SPM) and how it is measured?

The U.S. Census Bureau from 2011 stared publishing SPM which shows the poverty measure taken by government to aid/provide assistance to the people below poverty line that are not included in official poverty measure.

SPM income is measured by cash income plus benefits in kind by the government. So it can be said the SPM includes non-monetary benefits like tax credit, house subsidies, food stamps, but the official poverty measure does not.

Therefore, it can be said that option 3 aptly describes the Supplemental Poverty Measure.

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Juan earns a gross pay of $44,500. His employee benefits are 18% of his gross pay. What is the value of his benefits?

Answers

Answer: I think its $8,100

Explanation:

i hope it helps

12. What happens when GDP does not do well?
A. There is a decline in the number of Americans that invest in foreign sectors.
B. The rest of the economy suffers with it.
C. There is a rise in the overall level of consumerism.
D. National debt levels begin to trend in unpredictable directions.

Answers

Answer:

B. The rest of the economy suffers with it

Explanation:

On the other hand, if gross domestic product is falling, the economy might be in trouble, and the nation is losing ground. Two consecutive quarters of negative GDP typically defines an economic recession.

Answer:  I think the rest of the economy suffers with it

Explanation:

Eva is 29 years old and has 2 children, ages 3 and 5. She makes $48,500 a year. Eva decides to buy a $400,000 10-year term policy and then renew the policy for another ten years afterwards. To renew the policy the insurance company charges an extra 40% to her premium rate. Given the options below, assess whether Eva made a wise decision. Annual life insurance premium (per 1,000 dollars of face value) for age 29. A 20-year term for male is 7 dollars and 84 cents, and for female is 6 dollars and 62 cents. 20-year term: for male is 10 dollars and 40 cents, female is 9 dollars and 4 cents. Whole life: male is 20 dollars and 5 cents and female is 18 dollars and 63 cents. A. Eva would have been better off selecting the 20-year term policy. B. Even with the extra charge for renewal, Eva’s plan is the least expensive. C. Given that Eva plans to renew, she should have selected the whole life policy. D. Eva ends up paying the same amount for each policy. Please select the best answer from the choices provided A B C D.

Answers

The best answer from the answer choices that were provided is that even with the extra charge for renewal, Eva's plan is the least expensive.

From the question, Eva is 29 and has two kids of 3 and 5. Her plan is to get the $400000 and renew it for another 10 years.

The renewal policy after 10 years is 40%, at the moment, her financial condition seems okay.

But given that the future can not be predicted and her kids are still growing, we are not sure what her finance may be like in 10 years time.

So we can agree with option B. This is a sensible decision.

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Cash flows from __________ activities are the cash flows from transactions that affect the net income of a company.

Answers

Answer: Operating

Explanation:

when john maynard keynes said, in the long run we are all dead, what serious economic point was he making?

Answers

Answer: that we need to focus on the present and the now because the outcome is always the same

Explanation:

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