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Your client has recently occupied 47 West Street, a newly constructed shop unit, having acquired the freehold interest for $750,000. On the ground floor is a sales area with a width of six metres and a depth of eighteen metres. At the rear of this area, up a flight of five steps, is a further sales area with a width of six metres and a depth of twelve metres. This rear sales area has a frontage and a door to East Street which is also a shopping area. On the first floor is storage accommodation with an area of 60 square metres net internal area. Recently 45 West Street, a shop in the same parade, was let for $53,000 per annum on a full repairing and insuring lease for a term of 10 years with a rent review to open market value after five years. This shop has a width of five metres and a depth of sixteen metres on the ground floor. On the first floor, there are 30 square metres net internal area of storage accommodation. The Zone A rate for West Street has been agreed with the Valuation Officer at $1,000 per square metre. The assessment of the shop in East Street adjoining the part of your client’s property fronting that street has been agreed at $27,000 Rateable Value. This shop has ground floor sales only; the width is six metres and the depth is twelve metres. Assuming six metre zones, advise your client of the likely Rateable Value of 47 West Street. Show all your calculations, making clear your assumptions.
The inverse market demand for fax paper is given by P=400-2Q. There are two firms who produce fax paper. Each firm has a unit cost of production equal to 40, and they compete in the market in quantities. Show how to derive the Cournot-Nash equilibriu..
buy the five-foot strip of land from their neighbor only if the price is less than illustrate what Moe and Larry have already spent on the foundation.
What do you think about the organization and its products? Excellent Good Satisfactory bad. How much satisfied you are with the service delivery of the organization? Excellent Good Satisfactory bad. Have you recommended the organization to any of you..
Why do Keynesian economists believe market forces do not automatically adjust for unemployment and inflation? What is their solution for stabilizing economic fluctuations?
Two bidders are about to compete in an auction for an object. Each of them has a private value for the item that the other believes is distributed uniformly from zero to fifty. Suppose that the auction format is a first-price sealed-bid auction. Prov..
What are some factors (patterns of behavior) that project a company’s culture? List several examples from the organizations you work in.
Parker County Community College (PCCC) is trying to determine whether to use no insulation or to use insulation that is either 1 inch thick or 2 inches thick on its steam pipes. The heat loss from the pipes without insulation is expected to cost $1.7..
What types of assets might a small business have? What types of debts (liabilities) might a small business have? What does a current ratio measure, and how do you calculate it?
Consider a market that consists of n ≥ 2 identical firms. Each firm produces output at a constant average and marginal cost of 2. The market demand curve in this industry p = 20 – 2Q, where Q is market demand and p is price. Firms will choose output ..
Given the profit maximization model: π = zF(K, N) - rK - wN , where both N and K are considered to be endogenous variables, find the value of the expression: dK/dw if it is assumed that FNN = -5, FKK = -4, FKN = FNK = 2, and z = 1. Show all steps. NO..
Suppose a (very small) country has a central bank who has issued 100m of money, where nominal output is 350m annually. How frequently is the average piece of money used? Give two realistic occurrences that might drive changes in the velocity of money
Many students are surprised to learn that employees may be fired for any reason not expressly prohibited by the law. As we have seen, the law requires employers to accommodate a fairly wide range of employee behaviors and conditions. However, there a..
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