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zepelin [54]
3 years ago
12

Pleasant Hills Properties is developing a golf course subdivision that includes 250 home lots; 100 lots are golf course lots and

will sell for $95,000 each; 150 are street frontage lots and will sell for $65,000. The developer acquired the land for $1,800,000 and spent another $1,400,000 on street and utilities improvement. Compute the amount of joint cost to be allocated to the street frontage lots using value basis. (Round your intermediate percentages to 2 decimal places.)
Business
1 answer:
Goshia [24]3 years ago
6 0

Answer:

The relevant multiple choices are as follows:

$1,920,000.

$720,000.

$1,620,800.

$1,579,200.

$1,080,000.

The correct answer is the third option which is $1,620,800.

Explanation:

Total joint costs=cost of land acquisition+cost of street and utilities improvement

cost of land acquisition=$1,800,000

cost of street and utilities improvement=$1,400,000

total joint costs=$1,800,000+$1,400,000=$3,200,000

sales  value of the golf course lots=100*$95,000=$9,500,000

sales value of street frontage lots=150*$65,000=$ 9,750,000

Total sales value =$9,500,000+$9,750,000=$ 19,250,000

joint costs to street frontage lots=$3,200,000*$9,750,000/$19,250,000.00

                                                     =$ 1,620,779.22  

The closest option is the third option above.

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monitta

Answer:

Answer Illustration : Opportunity Cost of producing Wine is lesser in France, Opportunity Cost of producing Sweaters is lesser in Tunisia. So, France has comparative advantage in Wine, Tunisia in Sweater.

Explanation:

Opportunity Cost is the cost of next best alternative foregone while choosing an alternative.

Opportunity Cost of producing Sweaters & Wine in France & Tunisia are quantities of other goods (Sweaters or Tunias) sacrifised while choosing either. Sweater Opportunity Cost - Wines sacrifised, Wine Opportunity Cost - Sweaters sacrifised.

The country has a comparative advantage in a good if it can produce it with relatively less opportunity cost (in terms of other good sacrifised) than other country.

Ex : Production Possibilities

                   Wine            Sweater    Trade off (Wine :Sweater)

France          10                   5              1:0.5  or 2:1

Tunisia          8                   24              1:3  or 0.33:1

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3 years ago
Assume that all fast-food restaurants employ many minimum wage workers. suppose 20,000 people in pennsylvania work in fast-food
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Theresa adds $1,500 to her savings account on the first day of each year. marcus adds $1,500 to his savings account on the last
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Answer:

difference = $12093.38

Explanation:

given data

adds 1st day in saving account = $1,500

adds last day in saving account = $1,500

annual interest = 6.5 %

time = 35 year

to find out

difference in their savings account balances

solution

we get there first Theresa  future value that is

future value 1 = present value × \frac{(1+rate)^{time} - 1}{rate}   ....1

future value 1 = $1500 × \frac{(1+0.065)^{35} - 1}{0.065}

future value 1  = $186052.04

and

future value 2 = present value × \frac{(1+rate)^{time} - 1}{rate} ×  (1+rate)  .........2

future value 2 = $1500 × \frac{(1+0.065)^{35} - 1}{0.065} ×  (1+0.065)

future value 2 = $198145.42

so that here difference is

Difference = $198145.42 - $186052.04

difference = $12093.38

3 0
3 years ago
How much does it cost to hire a private investigator?.
amm1812

Answer:

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Explanation:

8 0
2 years ago
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A large food chain owns a number of pharmacies that operate in a variety of settings. Some are situated in small towns and are o
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Answer:

A.)

ŷ = 47.07049X + 4435.08375 ;

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B.)

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C.)

Logarithmic model

Explanation:

Given :

Hours of Operation (X) :

40

44

48

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60

70

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Average Revenue Y) :

5958

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6011

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ŷ = 47.07049X + 4435.08375

Average Revenue for 120 hours, X

ŷ = 47.07049(120) + 4435.08375

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A non-linear model which could be used is a logarithmic model:

General form of a Logarithmic model : y=A+Bln(x)

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Average Revenue for 120 hours, X

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