You are a certified public accountant. When looking over a client\'s records, yo

Question

You are a certified public accountant. When looking over a client's records, you see that she is paying $500/month for a 1,000-square foot office. You know that market value for office space in the area is $0.35 per square foot. Which best describes whether you should advise your client to move offices? A. Yes, because she is paying $ 150 per month over market value. B. Yes, because she is paying $250 per month over market value. C. Yes, because she is paying $350 per month over market value. D. No, because she is saving $ 150 per month compared to market value. E. No, because she is saving $350 per month compared to market value.

Explanation / Answer

Ans (A) becuase Market Value of Space = $1000* .35 = $350. But she is paying 500 which is 150 over value.

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