With a Gross Monthly Multiplier of 150, a Duplex That

question 39

Multiple Choice

With a gross monthly multiplier of 150, a duplex that rents one unit for $575 per month and the other for $625 should have an estimated value of:

• A) $173,000
• B) $176,000
• C) $180,000
• D) $197,000

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Definitions:

Cash Deposit

Funds placed in a financial institution for safekeeping, which can include cash or cash equivalents.

Liability Reported

The representation of an entity's obligations or debts on its financial statements, indicating amounts owed to creditors.

Income Statement

A document detailing a firm's income, outlays, and profit over a given timeframe.

Balance Sheet

A financial statement that outlines an entity's assets, liabilities, and equity at a specific point in time.