The step in which the appraiser arrives at a final opinion of value is called

a. equilibrium.
b. reconciliation.
c. substitution.
d. equalization.

Answer: b. reconciliation.

Business

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Brislin Products has a new product going on the market next year. The following data are projections for production and sales:

Variable costs $250,000 Fixed costs $450,000 ROI 14% Investment $2,000,000 Sales 200,000 units What would the markup percentage be if only 150,000 units were sold and Brislin still wanted to earn the desired ROI? a) 32.95% b) 53.33% c) 44.00% d) 35.0%

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When determining delivery of a message, a general rule of thumb is "the sooner the better."

Indicate whether the statement is true or false.

Business