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sasho [114]
3 years ago
13

A developer of a new townhome community estimates that there will be 1,200 home (all types) sales in University City over the ne

xt year. An analysis of demographic information has revealed that the core market share for the townhome project within the community is 10%. Assuming a capture rate of 20%, what is the developer's first-year projection of townhome sales in the new community
Business
1 answer:
Rashid [163]3 years ago
3 0

PAnswer:

24 units

Explanation:

Calculation to determine what is the developer's first-year projection of townhome sales in the new community

First-year projection=10%*1200*20%

First-year projection=24 units

Therefore the developer's first-year projection of townhome sales in the new community is 24 units

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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Inventory, Beginning: 300 units at $ 12

For the year:

Purchase, April 11:  900 units at  $10

Purchase, June 1: 800 units at  $13

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Sale, July 3 (sold for $40 per unit) 600

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Inventory= 2000 - 900= 1,100 units

We will assume periodic inventory:

FIFO (first-in, first-out)

COGS= 300*12 + 600*10= $9,600

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LIFO (last-in, first-out)

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Inventory= 800*10 + 300*12= $11,600

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Answer:

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