An appraiser completes an appraisal for a homeowner in preparation for obtaining a loan. The appraiser provides a letter report and sends a bill for his preparation of the appraisal. He bases the cost of his work on a percent of the amount of the value his opinion finds. What is the situation here

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Answer 1

The situation here is that the appraiser is:

Taking a percentage for his services from the appraisal

Based on the given question, we can see than when an appraisal is made, the appraisal which is actually a written report that makes an estimate of the present value of a piece of property.

With this in mind, we can see that the appraiser preferred to take his payment from the percentage value of the value of the property which he appraised. This method is sure to give the appraiser more money than he would have made, especially if the value of the property was quite high.

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Related Questions

The debit balance in a nominal account shows:

a) Gains b) Expenses

c) Assets d) None of the above



(answer the above question correctly)

Answers

the debit balance in a nominal account shows b) Expenses

Suppose In a Snap Ltd. Just issued a dividend of $1. 25 per share on its common stock. The company paid dividends of $. 85, $. 90, $1. 04, and $1. 10 per share in the last four years. If the stock currently sells for $45, what is your best estimate of the company’s cost of equity capital using the arithmetic average growth rate in dividends? What if you use the geometric average growth rate?.

Answers

I have attached the answer

What is the purpose of long-term disability insurance?

Answers

To provide financial support if not working.

Building equity in a home is a good thing because
mortgage payments decrease as equity increases.
credit scores increase as equity increases.
equity in a home increases the homeowner's net worth.
• property taxes decrease as equity increases.

Answers

It is a good decision to build equity in a home because its increases the homeowner's net worth.

Home equity refers to the value of one's house less the owed amount of mortgage/home loan.

Usually, building of equity in home can be a long-term strategy for building wealth.

Hence, it is a good decision to build equity in a home because its increases the homeowner's net worth.

Therefore, the Option C is correct.

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Answer: C- equity in a home increases the homeowners net worth

Explanation:

what did antonie van leeuwenhoek call his discovery

Answers

Answer:

Antonie Van Leeuwenhoek called his discovery "wee animalcules"

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RESPA (Real Estate Settlement Procedures Act) permits real estate firms to be affiliated with title insurance companies or mortgage brokers as long as

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The RESP Act permits the real estate firms to be affiliated with title insurance companies or mortgage brokers as long as the companies make a written disclosure of their relationship with one another.

The Real Estate Settlement Procedures Act requires the lenders, mortgage brokers providing home loans to provide to borrowers, a pertinent and timely disclosures regarding the nature and costs of the real estate settlement process.

In conclusion, the Act of RESP permits the real estate firms to be affiliated with title insurance companies or mortgage brokers as long as the companies make a written disclosure of their relationship with one another.

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How to solve problems in group work

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Answer: Solve problems as a group by working together and problem solving, as well as listening to all ideas.

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just classify the task between groups and task will be easy to do

what are some objections that you may hear from a potential employer?

Answers

Some objections that you may hear from a potential employer are :

We may not be able to pay you a salary that is comparable to your last job.I'm concerned you will not fit in with our established teams.

During an interview phase, employer or interviewer usually pose objections which could deter the person being interviewed.

The objections in an interview process should be an opportunity to :

Iron out any difficulties in an application.Put any concerns to bed.Close the deal.

Other commonest objections that you may hear from a potential employer are :

You’ve held a lot of jobs in the past few years, and we’re concerned you might not stick around long.I don't think you have enough experience for the position.I think you may have too much experience for the open position.

However, the idea should be to overcome the objections by responding in a way that defuses the validity of the objection.

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How is the annual percentage rate (APR) on a loan different
from the interest rate?
O A. The APR is offered only on credit cards.
B. The APR can be compounded.
C. The APR includes interest and fees.
D. The APR differs between different lenders.

Answers

The answer to your question is C. The APR includes interest and fees

Traditional direct marketing tools include​ ________.

​A. websites, catalog​ marketing, telemarketing,​ e-mail, kiosks, and online videos

B. catalog​ marketing, telemarketing,​ websites, e-mail, direct mail​ marketing, and online advertising

C. catalog​ marketing, telemarketing,​ websites, e-mail, online​ videos, and blogs

D. face-to-face selling,​ direct-mail marketing, catalog​ marketing, telemarketing,​ direct-response television​marketing, and kiosk marketing

E. catalog​ marketing, online​ advertising, e-mail,​ telemarketing, direct-response television​ marketing, and websites

Answers

Answer:

Face to face selling, direct-mail marketing, catalog marketing, telemarketing, direct-response television marketing, and kiosk marketing. or in other words your option is D

Explanation:

THREE government regulations that guides the establishment and operation of a business.

Answers

Labor, privacy, and health

I need some rare car brands for my channel please do not include Mitsubishi, pontiac, and mazda.

Answers

Answer:

Acura

Explanation:

Describe Globalization in your own words

Answers

Answer:

Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. It can also mean the speedup of movements and exchanges all over the planet. It is important because it changes the way nations, businesses and people interact.

Hope that helped?

Explanation:

which are considered types of credit availablesto borrowers?check all that apply

Answers

Answer:

choices?

Explanation:

What is the Federal Reserve System able to do?

A. Mandate that the government create new jobs

B. Provide loans to individuals

C. Provide loans to banks

D. Encourage individuals to spend more money

Answers

Answer:

c

Explanation:

The federal reserve systems responsibilities include influencing the supply of money and credit to banks

what is 450x12 PLZ HELP ME I NEED HELP

Answers

Answer:

5400

quick and easy  thank u

PLS ANSWER QUICK!!! Which law prohibits discrimination against federal government employees with disabilities?

A. The Civil Rights Act of 1991
B. The Equal Pay Act of 1963
C. The Fair Labor Standards Act
D. The Rehabilitation Act of 1973

Answers

The law that prohibits discrimination against federal government employees with disabilities is:D. The Rehabilitation Act of 1973.

What is e Rehabilitation Act of 1973?

The Rehabilitation Act of 1973 is a federal law that prohibits discrimination against individuals with disabilities in programs or activities conducted by federal agencies, as well as by employers that receive federal financial assistance. The law also requires federal agencies to take affirmative action to employ and advance individuals with disabilities, and to provide reasonable accommodations to enable them to perform their job duties.

Therefore, this law specifically prohibits discrimination against federal government employees with disabilities, and ensures that they are afforded equal employment opportunities and protections under the law.

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Luis has a biweekly gross pay of $770 and claims 2 federal withholding allowances. Luis has all of the following deductions from his gross pay: federal tax from the following table Social Security tax that is 6. 2% of his gross pay Medicare tax that is 1. 45% of his gross pay state tax that is 19% of his federal tax Determine how Luis’ net pay will be affected if he increases his federal withholding allowances from 2 to 3. A. His net pay will decrease by $19. 0. B. His net pay will increase by $19. 0. C. His net pay will decrease by $22. 61. D. His net pay will increase by $22. 61.

Answers

Based on the information given, it should be noted that the correct option will be D. His net pay will increase by $22.61.

What is a net pay?

A net pay simply means the take-home pay. It's the earning of an employee after the deductions are subtracted from the gross pay of the employee.

From the complete information, it can be deduced that Luis has a biweekly gross pay of $770 and claims 2 federal withholding allowances. Taking the fact that the security tax, Medicare tax, etc are taken into consideration and the federal withholding allowances increased from 2 to 3, the net pay will be $22.61.

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The net pay of Luis will increase by $22.61 due to the decrease in the federal withholding allowances from 2 to 3.

Computation of net pay based upon the different levels of federal withholdings

Given,

Gross pay =$770

2 Federal withholding allowances =$50(taken from the reference table)

3 Federal withholding allowances =$31(taken from the reference table)

Federal state tax rate =19%

First, the state tax rate and the total amount of withholding for 2 Federal withholding allowances are computed:

[tex]\begin{aligned}\text{State Tax}&=\text{Claim Amount}\times\text{Federal State Tax Rate}\\&=\$50\times19\%\\&=\$9.50\end{aligned}[/tex]

[tex]\begin{aligned}\text{Total Amount of 2 withholdings}&=\text{Claim Amount}+\text{State Tax}\\&=\$50+\$9.50\\&=\$59.50\end{aligned}[/tex]

Now, the state tax rate and the total amount of withholding for 3 Federal withholding allowances are computed:

[tex]\begin{aligned}\text{State Tax}&=\text{Claim Amount}\times\text{Federal State Tax Rate}\\&=\$31\times19\%\\&=\$5.89\end{aligned}[/tex]

[tex]\begin{aligned}\text{Total Amount of 3 withholdings}&=\text{Claim Amount}+\text{State Tax}\\&=\$31+\$5.89\\&=\$36.89\end{aligned}[/tex]

The difference in the net pay will be the difference between $59.50 and $36.89, which is $22.61.

Therefore, Luis withholding will decrease from $59.50 to $36.89 that is increasing the net pay by $22.61

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which statement best explains why money was invented?

Answers

Money was invented to facilitate the exchange of goods and services.

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Lopez Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2007. Because of a recently proven health hazard in one of its paints, the government has clearly indicated its intention of having Lopez recall all cans of this paint sold in the last six months. The management of Lopez estimates that this recall would cost $800,000.

Requried:
What accounting recognition, if any, should be accorded this situation?

Answers

The accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000.

Basically, an accounting recognition refers to the act of recording a business transaction in the firm's accounting records.

Because the management of Lopez estimates that this recall of all cans of paint sold in the last six months would cost $800,000, then, the entry will be as follows

In conclusion, the accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000

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Can someone help me with this question?

Answers

I would think it’s social media marketing

Answer:

My opinion social media marketing

Discuss problems associated with trade deficit

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Answer:

A trade deficit creates downward pressure on a country's currency under a floating exchange rate regime. With a cheaper domestic currency, imports become more expensive in the country with the trade deficit. Consumers react by reducing their consumption of imports and shifting toward domestically produced alternatives.

while rachel carson was writing silent spring, a picture of how ddt influences bird populations was emerging. scientists hypothesized that ddt was causing the observed decline in fish-eating bird populations. the assumptions and connections underlying this hypothesis were complex. in this activity, you will reconstruct those connections.

Answers

Rachel Carson's was known for her work on Silent Spring. The answers to the question are on the image. the first image shows the answers in the right order while the second image is about the questions before its arrangement.

The Silent Spring was known to be public awareness focused on nature as it was said to be vulnerable to human intervention.

Carson in her work gave a radical proposal which state that technological progress is simply at odds or negative terms with natural processes and thus must be shortened.

 

Silent Spring was known to greatly opposition by chemical companies and this lead to reversal in national pesticide policy and also led to the ban on DDT for agricultural uses.

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The new-product development process is:

a. a formalized protocol for new-product development that begins at the corporate level and ends at the functional level.
b. the informal process of brainstorming to generate new-product concepts at a marketing staff meeting.
c. the process of presenting cross-functional teams with a written new-product concept statement and asking them to respond to it in writing.
d. the two stages an organization goes through from idea generation to commercialization.
e. the seven stages an organization goes through to identify business opportunities and convert them into salable products or services.

Answers

A person applying for a job zone one occccupation might expect the job will require which of the following

Suppose you invest $20,000 of your own money in a business as a sole proprietor, and then borrow an additional $10,000 from a bank. Suppose the business fails. For this two-part question, (1) What describes the potential loss of this situation, and (2) what is the total potential loss

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[tex]75325 + 2353 = \div 2 \div = 22.2x2(22. = = 10000002[/tex]

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When the quantity supplied is greater than the quantity demanded:

Answers

Answer:

... you have lots of extra products lying around and often prices will drop.

help with this question

Answers

Answer: The answer is C Monitoring the budget

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difference between qualified and ordinary dividends

Answers

Answer:

A qualified dividend is taxed at the capital gains tax rate and ordinary dividends are taxed at standard federal income tax rates. Qualified dividends must meet special requirements put in place by the IRS.

Explanation:

jorDANTHE GOD HOW ARE U

Answers

Answer:

uhm- hi

Explanation:

thxs for the points....

what would be the best organizational strategy to use for an essay instructing someone how to bake cupcakes

Answers

The best organizational strategy to use for an essay instructing someone how to bake cupcakes is chronological order.

Chronological order refers to be arrangements with respect to time from the earliest time to the latest time.

This means, the instructor will start giving instructions on how to bake cupcakes from measurements of flour, sugar, butter and other things to mixing the ingredients.

Thereafter, the instructor writes on the oven temperature to bake the cake until when the cake is fully baked.

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Based on business management, Chronological order would be the best organizational strategy to use for an essay instructing someone how to bake cupcakes.

This is because a Chronological order as an organization strategy would explain how a baker or business owner would get things done accordingly.

For instance, it should state the things to get ready such as utensils, ingredients, and other tools necessary.

It will then follow with how to prepare the cupcake, starting from the first thing to do till final action to make the cupcake tasty and yummy.

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

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Other Questions
A decision-maker faces the following decision under conditions of uncertainty. This decision-maker has $1 million in assets. Most of those assets, $750,000, are the individuals equity in his house. The remaining $250,000 are absolutely secure. Unhappily, there is a risk that the individuals house will burn down in a fire, which would be a total loss of the $750,000. The individual can insure his house against the loss from this fire. The premium for the insurance is $40,000, and it will insure the individual completely; that is, if the individual chooses to purchase this insurance policy, his assets will be $960,000, whether or not there is a fire. (There is no mortgage on the house, so $750,000 is the full amount paid by the insurance company.) The probability of a fire is 0.05. Required:a. What is the expected net earnings, the premium less the expected amount paid out to the client, to the insurance company from this policy? b. If the individual in question were risk neutral, would he buy this insurance policy? c. If the individual in question is an expected utility maximizer, with the utility function u(a) = where a is the individuala's total assets, would this individual buy the insurance? Which of these sentences is an opinion? Every continent except Antarctica has butterflies. Butterflies are truly amazing creatures. Butterflies taste with their feet. There are thousands of known species of butterflies. Which equation represents the relationship in the table?y= 14 - 5y = 2 + 14yy= 14 - 30141924y = 14 - 523-1 Mosses and trees are both what? Use of EnglishTask 4. Complete the second sentence so that it has a similar meaning to the first. Use the words in brackets. Use 25 words, including the words in brackets.6. Now, well look at gestures in different countries. (attention)Lets _____________________________________________________________ to gestures in different countries.7. Wedding guests neednt wear red. (have)Wedding guests _____________________________________________________________.8. In relation to carnival, people of all ages get involved. (concerned)As _____________________________________________________________ , people of all ages get involved.9. Id recommend sitting at the front. (ought)You _____________________________________________________________ at the front. Suppose f(x) = x. Find the graph of f(x) - 5 Which algebraic expression is equivalent to the expression below?3/5x-7/5y find the mean of the data summarized in the given frequency distribution what was the name of the movement in which individuals bought sections of land and fenced it off? Combine like terms.6p+ 15 + 10p - 9A. 16p+ 6B. 16p+ 24. +6O D. 16p - 6 Find 85 - 72 x 4 2 (13 - 11) Please help!!Does any of these quotes have humor I dreamt interminably of eating pork. The smell of fried pork made me faint.I imagined myself skinning these sausages and letting my teeth sink into the juicy, luxuriant meant.I would loiter for hours in front of foodstore showcases and contemplated sausages beaded with fat and dappled with pork. Determine the mass of O(2-) ions in 3 mol of alumina (Al2O3). Molar mass of O = 16) HALP my dogs name is the name of a flower, the first four letters loosely resemble a time, and the last letter is the beginning of a questionwhats her name u fool???? solve similar triangles (advanced) the theory that a genetically determined, innate mechanism directs language development is known as the _____ approach. Max points i need this for finals Santa needs 600 toys. 175 toys have alreadybeen made. 5 elves made the rest of the toys.How many toys did each elf make, assumingthat they each made they amount? Find the roots 5x^2+16=7x^2/3 why is it dangerous to wear contact lenses in the lab