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3 years ago

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A developer purchased two 135-front-foot lots for $22,900 net each and divided them into three lots of equal front footage. The

developer sold the lots for $230 per front foot. Calculate the developer's percentage of profit (round to the nearest whole percentage point).

1 answer:

uranmaximum [27]3 years ago

7 0

Answer should be &169.63

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A project produces annual net income of $18,200, $21,800, and $22,900 over its three-year life, respectively. the initial cost i

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Initial cost = $197,000
Total net accounting income over three years = $18,200+$21,800+$22,900 = $62,900

Average annual accounting net income = $62,900/3 = $20,966.67

Accounting rate of return = Average net annual income / Initial cost = 20,966.67/197,000 = 0.106 = 10.6%

Since Accounting net income is lower than the required discount rate, the project is not viable.

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Answer:

The addition to retained earnings is $95,751.

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Addition to the retained earning is the net value of net earning of the year and dividend payment.

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The answer is D) aggregation

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