The unit of comparison when using the Market Data Approach to appraise a single family residence, is the
A. capitalization rate
B. square foot
C. cubic foot
D. entire property
Answer: D. entire property
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In a classified balance sheet, how are assets usually classified?
A. Current assets; long-term assets; property, plant, and equipment; and intangible assets B. Current assets; long-term investments; property, plant, and equipment; and common stock C. Current assets; long-term investments; tangible assets; and intangible assets D. Current assets; long-term investments; property, plant, and equipment; and intangible assets
Kirstin is thinking about opening a Chinese restaurant and needs to buy a rice cooker. Machine A has fixed costs of $100 and variable costs of $1/pound. Machine B has fixed costs of $500 and variable costs of $.1/pound
If Kirstin plans to sell 100 pounds of rice, which machine should she choose? What is the cross-over point?