Homework Answers
Q.16 - option d - Uncommon,Hypothetical condition
Q.17 - Option b - The summarizing or stating of information used and analyzed and used in the report and scope of work
Q.18 - Option b -No - As the development of property may deviate from blue prints and approvals, the appraisal report may not be accurate
Q.19 - Option C
Q.20 - Option C
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16. In developing an appraisal of a site that has been contaminated, it is common to...
6. An appraisal report can come in which format? a. Written Report b. Oral Report c....
6. An appraisal report can come in which format? a. Written Report b. Oral Report c. Written or Oral Report d. Neither written, nor oral report 7. When do you use an Appraisal Report instead of a Restricted Appraisal Report? a. When the intended user is the client b. When the intended user asks for it c. When the data suggests to use an Appraisal Report d. None of the above 8. Susan is working with a client who wants...
11. Michael accepted an assignment from a client who said that they would like an exterior...
11. Michael accepted an assignment from a client who said that they would like an exterior only appraisal of a single- family home in his area. During the assignment Michael goes to the property and is viewing the home from the exterior when he sees the tenant he strikes up a conversation as it is a friend from college. During the discussion the tenant tells Michael that the property is divided up into five units. What should Michael do? a....
5. A werkfile must be in existence a. Prior to the assignment being started b. Prior...
5. A werkfile must be in existence a. Prior to the assignment being started b. Prior to collecting data C. Prior to the report being issued d. Prior to the assignment completion 6. If Alex, an appraiser, has been working with Beth, another appraiser, who keeps the workfiles.in her computer and then Alex leaves the partnership, Alex _____ the workfiles after leaving the practice. a. Must make copies of all weckfiles. b. Must maintain access to all werkfiles c. Losses...
Chapter 16: Case Study #1 Hotel worker Danny Ruiz was living with his wife and four...
Chapter 16: Case Study #1 Hotel worker Danny Ruiz was living with his wife and four children in a cramped New York apartment when he saw a television ad promising the family a way out. “Why rent when you can own your own home?” Penn- sylvania builder Gene Percudani asked. The company even offered to pay his rent for a year, while he saved for a down payment. So the Ruiz family fled the city for the Pocono Mountains, where...
1) A landlord-tenant relationship is characterized by the ________. A) transfer of title to the tenant B) receipt of a nonfreehold estate by the tenant C) creation of a future interest for the tenant...
1) A landlord-tenant relationship is characterized by the ________. A) transfer of title to the tenant B) receipt of a nonfreehold estate by the tenant C) creation of a future interest for the tenant D) free simple absolute ownership of the tenant 2) An estate where the tenant has a right to possess the real property but does not own title to the property is called ________. A) free simple absolute estate B) gifted estate C) nonfreehold estate D) easement...
7) Which of the following statements is true of insurance? A) It has to be paid after the risk has been encountered. B) It can be obtained even if one has no insurable interest in the property being i...
7) Which of the following statements is true of insurance? A) It has to be paid after the risk has been encountered. B) It can be obtained even if one has no insurable interest in the property being insured. C) It is a means of transferring and distributing the risk of loss. D) It cannot be modified once issued. 8) The ________ is a duty of the insurer to protect the insured against lawsuits or legal proceedings that involve a...
For the circuit shown, the switch has been open for a long time and it closes...
For the circuit shown, the switch has been open for a long time and it closes a t=0. The initial energy stored in capacitor is 250 . 102 w 3V 05v, 522 1c 20 F Question 6: What is the initial condition of the voltage of the capacitor? (A) 0 V (C) 1V (E) None of the above (B) 5 V (D) 3V (E) Question 7: What is the value of v, at t=0*? (A) -3V (C) 2V (E) None...
24. Melvern's Corporation has an investment in Wallace Company common stoel ment in 20,000 shares of...
24. Melvern's Corporation has an investment in Wallace Company common stoel ment in 20,000 shares of vidend to stockholders ompany common stock with a cost of $872,000. 1 nese shares are used in a property dividend to of Melvern's. The property dividend and scheduled to be distributed on July s. The property dividend is declared on May 25 cheduled to be distributed on July 31 to stockholders record on June 15. The fair value per share of Walla is $63...
34. An adult client who has been taking furosemide (Lasix) 40 mg PO every day for...
34. An adult client who has been taking furosemide (Lasix) 40 mg PO every day for several weeks complaining of muscle weakness and lethargy. Which test will be of greatest value in assessing the client's condition? a. Serum electrolytes. b. Urinalysis. c. Serum creatinine d. Five-hour glucose tolerance test. 35. An adult receives NPH insulin at 7 a.m. What is a hypoglycemic reaction most apt to develop? a. Mid morning b. Mid afternoon. c. During the evening.
1. An entity invests in a security that is not, in form, common stock. Identify a...
1. An entity invests in a security that is not, in form, common stock. Identify a characteristic of that security that would support a determination (even if not conclusively) that the security is in-substance common stock 2. Identify one condition that must be met for an asset group to be classified as held for sale. 3. What is the main condition for reporting a disposed component as a discontinued operation? 4. Company X leases property for 10 years under which...
6. An appraisal report can come in which format? a. Written Report b. Oral Report c. Written or Oral Report d. Neither written, nor oral report 7. When do you use an Appraisal Report instead of a Restricted Appraisal Report? a. When the intended user is the client b. When the intended user asks for it c. When the data suggests to use an Appraisal Report d. None of the above 8. Susan is working with a client who wants...
11. Michael accepted an assignment from a client who said that they would like an exterior only appraisal of a single- family home in his area. During the assignment Michael goes to the property and is viewing the home from the exterior when he sees the tenant he strikes up a conversation as it is a friend from college. During the discussion the tenant tells Michael that the property is divided up into five units. What should Michael do? a....
5. A werkfile must be in existence a. Prior to the assignment being started b. Prior to collecting data C. Prior to the report being issued d. Prior to the assignment completion 6. If Alex, an appraiser, has been working with Beth, another appraiser, who keeps the workfiles.in her computer and then Alex leaves the partnership, Alex _____ the workfiles after leaving the practice. a. Must make copies of all weckfiles. b. Must maintain access to all werkfiles c. Losses...
For the circuit shown, the switch has been open for a long time and it closes a t=0. The initial energy stored in capacitor is 250 . 102 w 3V 05v, 522 1c 20 F Question 6: What is the initial condition of the voltage of the capacitor? (A) 0 V (C) 1V (E) None of the above (B) 5 V (D) 3V (E) Question 7: What is the value of v, at t=0*? (A) -3V (C) 2V (E) None...
24. Melvern's Corporation has an investment in Wallace Company common stoel ment in 20,000 shares of vidend to stockholders ompany common stock with a cost of $872,000. 1 nese shares are used in a property dividend to of Melvern's. The property dividend and scheduled to be distributed on July s. The property dividend is declared on May 25 cheduled to be distributed on July 31 to stockholders record on June 15. The fair value per share of Walla is $63...
34. An adult client who has been taking furosemide (Lasix) 40 mg PO every day for several weeks complaining of muscle weakness and lethargy. Which test will be of greatest value in assessing the client's condition? a. Serum electrolytes. b. Urinalysis. c. Serum creatinine d. Five-hour glucose tolerance test. 35. An adult receives NPH insulin at 7 a.m. What is a hypoglycemic reaction most apt to develop? a. Mid morning b. Mid afternoon. c. During the evening.
1. An entity invests in a security that is not, in form, common stock. Identify a characteristic of that security that would support a determination (even if not conclusively) that the security is in-substance common stock 2. Identify one condition that must be met for an asset group to be classified as held for sale. 3. What is the main condition for reporting a disposed component as a discontinued operation? 4. Company X leases property for 10 years under which...
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