Using the basic time formula, how many workdays are required to review 54,000 residential parcels?

Prepare for the IAAO Mass Appraising Exam with our quiz, featuring flashcards and multiple-choice questions. Each question includes hints and explanations. Ready yourself for success!

To determine the number of workdays required to review 54,000 residential parcels using the basic time formula, one needs to consider the total number of parcels and the average number of parcels that can be reviewed in a day. The basic time formula typically states that the total workload (in this case, the parcels) should be divided by the daily capacity (the number of parcels that can be effectively reviewed per workday).

When calculating, if we assume the daily review capacity is known (for instance, let's say it’s 480 parcels per day), you would divide the total number of parcels (54,000) by that daily capacity (480). This calculation yields the total number of workdays required to complete the review.

For example:

54,000 parcels ÷ 480 parcels/day = 112.5 days.

Since you cannot work for a fraction of a day, you would round this number. In real-world scenarios, this often implies rounding up, resulting in 113 days. This value aligns with the correct answer, which reflects a logical understanding of the formula's application and the rounding principles involved in practical situations for mass appraising. Thus, 113 workdays is a feasible estimate for reviewing 54,000 residential parcels

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