Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. there are 13 comparable sales in the area of a sub

There are 13 comparable sales in the area of a subject property. Of these sales,...

50.1K

Verified Solution

Question

Accounting

There are 13 comparable sales in the area of a subject property. Of these sales, 8 are of unimproved parcels (e.g. no buildings). Use
these farms to find how land mix (cropland versus pasture) affects sales price. All cropland is similar in productivity, as is all pasture.
Step 1. Use sales 1 and 2 to find the relative value of cropland to pasture in a ratio or percentage.
Pasture is worth
(ratio or percentage) of cropland.
Step 2. Sale 3 is similar in size and time to sales 1 and 2. Use the value of cropland found in sale 1 and value of pasture found in sale
If applied to sale 3, would these values support the selling price of farm 3?
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You have been given the following return information for a mutual fund, the market index, and...

Finance
Q

Why is acidosis more common than alkalosis?

Medical Sciences
Q

81 plane polarised and unpolarised light falls normally on a polarising sheet On rotating the...

Physics
Q

Corporate Cable Speedy Connections Global Networks Dave s Dial Up Other Percent of Households 47...

Geometry
Q

Listed below are the annual tuition amounts of the 10 most expensive colleges in a...

Statistics
Q

The vector function r t is the position of a particle in space at time...

Calculus
Q

7 Which equation matches this description Vertical asymptotes x 2 and y 1 x 2...

Calculus
Q

Find the derivative of y 3 sin 7x 1 O a dy dx b dy...

Algebra
Q

Harris Company had checks outstanding totaling $5,364 on its May bank reconciliation. In June, Harris...

Accounting
Q

Anderson Equipment Repair were as follows. Cash Accounts Receivable Supplies Equipment Debit $2,340 Accumulate 4,190...

Accounting
Q

GoodBuy sells gift cards redeemable for GoodBuy products either in store or online. During 2016,...

Accounting
Q

Analysts predict that Smith Inc will pay dividends of $3 per share in year 1,...

Finance