re httpsedugen wileyplus.com/edugen dee-cor er me the be- Martner Real y Corpo n

Question

re httpsedugen wileyplus.com/edugen dee-cor er me the be- Martner Real y Corpo non prta ed a tract ofum proved land ss, idswere o" ofthe same sire but oving to dmerencesnication were o This la d ed and MA ded wo bit g·se a es n t different prices as offered for Price per Lot $4,200 5,600 ,360 Ne. ef Lets were?folow Operatng expenses for the year alocated to ?s projed total $18,000. Lots unsold ot the year, Group I Group 2 Group 3 realred on this operation to date. (Reund ratlos for computational purpeses to d At the end of the acal year Martinez Reaity Corporation instructs you to arrive at the net income decimal places, ee. 78.72)4% and m al answer to O decimal places, e4, sa45.) Net income s Question Attempts 0 of 3 used

Explanation / Answer

Sale Price Group 1 12600 ((8-5)*4200) Group 2 44800 ((15-7)*5600) Group 3 52800 ((18-2)*3300) Total Sale price 110200 Cost of Land 53000 Improvement cost 30000 Cost of 41 lots 83000 Cost of 27 lots 54658.54 (83000/41*27) 55541.46 Operating expenses 18000 Net Income 37541.46

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.