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mafiozo [28]
3 years ago
6

A residential zoning category requires at least 7,500 square feet per lot. The developer is reserving 30% of the land to streets

, sidewalks, a park, and a community center. The tract of land for development consists of 120 acres. How many residential lots are available for development
Business
1 answer:
mamaluj [8]3 years ago
5 0

Answer:

487.87 lots

Explanation:

Step 1

As we know that:

392 lots = 43,560 square feet per acre

Step 2

So total lots for 120 acres would be:

392 lots * 120 = 43560 square feet per acre * 120

47040 lots = 5,227,200 square feet per acre

Step 3

The land available is 70% of total square feet:

Land available = 5,227,200  * 70% = 3,659,040 square feet per acre

Step 4

Converting these square feet into adjusted square feet per lot according to our required square feet per lot measure

Because we want to keep 7500 sq feet in a single lot (7500 sq ft/ lot)

Adjusted square feet per lot according to our requirements= 3,659,040 square feet per acre / 7,500 = 487.87 lots

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For a project with cash outflows during its life, the least preferred capital budgeting tool would be: A. internal rate of retur
Mashcka [7]

Answer:

A. internal rate of return.

Explanation:

Net present value method: In this method, the initial investment is deducted from the cash inflows of the discounted present value. If the sum comes under positive than the project would otherwise not be beneficial to the company.

The internal rate of return is that return in which the net present value is zero, meaning that the initial investment is equal to the present value of the annual cash flows after taking into account the discount factor

Moreover, the IRR could be in multiples also i.e multiple IRR.

5 0
3 years ago
In the Shaping Department of Furs Industries the unit materials cost is $5.00 and the unitconversions cost is $3.00. The departm
swat32

Answer:

total value of ending WIP inventory:       8,400

Explanation:

unit material cost: 5.00 dollar

ending work in proces inventory

materials equivalent units:

1,500 x 100% = 1,500

as the mateirals are added entire at the beginning of the process:

material cost: 1,500 x 5 = 7,500

conversion

1,500 x 20% = 300

300 x 3.00 = 900

total value of ending WIP inventory:

materials 7,500

conversion 900

total        8,400

8 0
3 years ago
g Enchancia Inc. reported the following information at its annual meeting: The company had cash worth $3,290,558, accurals of $5
olga55 [171]

Answer:

$5,354,741

Explanation:

assets:

cash $3,290,558

inventory $2,657,360

accounts receivable $577,102

fixed assets $4,019,047

total assets = $10,544,067

liabilities:

accruals $576,944

accounts payable $2,519,541

notes payable $610,904

long-term debt $1,481,937

total liabilities = $5,189,326

equity = assets - liabilities = $10,544,067 - $5,189,326 = $5,354,741

5 0
3 years ago
A party to a lawsuit that has an actual stake in the outcome of the case has:
MrMuchimi
I believe the answer is Legal standing.
People who had a legal standing are the one that will recieve either harm or benefit after a decision is made.
The amount of involvement that certain parties had in the case will determine how much involvement the party is allowed to influence the case.
3 0
3 years ago
Read 2 more answers
Art, Inc., has 2,500 shares of 5%, $100 par value, cumulative preferred stock and 20,000 shares of $1 par value common stock out
stepladder [879]

Answer:

The amount of dividend received by common stockholders in 2017 = $7500

Explanation:

The preference shares are cumulative which means the 2015 dividend on cumulative preference shares will be paid in the next year when dividend is declatred.

The total dividend on preference shjares is = 2500 * 100 * 0.05 = $12500

In 2016 dividend of 22500 is declared and paid.

Out of this 22500, 12500 relates to prefernece dividend for 2015.

The remaining 10000 relates to 2016 preference dividend. Thus, 2500 of 2016 preference dividned is outstanding and will be paid in 2017.

In 2017 out of 22500, 15000 (12500 + 2500) dividendd is paid to preference share holders.

The amount of dividend received by common stockholders in 2017 = 22500 - 15000 = $7500

7 0
3 years ago
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