FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

92. A developer purchased two 180-front foot lots for $33,500 net each and divided them into three 120-foot lots. The developer sold the lots for

image text in transcribed

image text in transcribed
92. A developer purchased two 180-front foot lots for $33,500 net each and divided them into three 120-foot lots. The developer sold the lots for $250per front foot. Calculate the developer's percentage of profit (round answer to nearest whole percent). a. 10% b. 34% c. 15% d. 20%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law Text and Exercises

Business Law Text and Exercises

Authors: Roger LeRoy Miller, William E. Hollowell

8th edition

1305509609, 1305644823, 9781305856479 , 978-1305509603

More Books

Students also viewed these Law questions

Question

★★★★★
Give the general journal entry to record the April 1, 2016, bond issue. Third Corporation issued $600,000 of its 7 percent bonds payable on April 1, 2016. The bonds were issued at face value....

Answered: 1 week ago

Question

★★★★★
Illini leases another piece of equipment from Cubs Corporation under a four-year lease agreement on 1/1/20x1. The lease specifies annual payments on each 1/1 and the first payment of $10,000 is made...

Answered: 1 week ago

Question

★★★★★
In the article Efficacy of antibiotic treatment in patients with chronic low back pain and modic changes (the AIM study): double blind, randomised, placebo controlled, multicentre trial published in...

Answered: 1 week ago

Question

★★★★★
1. The auditors (P&T) claimed to have no duty to Anjoorian as a shareholder of FCC. The Rhode Island Supreme Court acknowledged that the duty of accounting professionals to third parties is an open...

Answered: 1 week ago

Question

★★★★★
Multiple Choice: Each question is worth 3 points . If you wanted to settle a trade in the actual physical commodity, which type of contract would you most likely use? A. Forward contract. B. Futures...

Answered: 1 week ago

Question

★★★★★
Providence Hospital has the following balances on December 31, 2024, before any adjustment: Accounts Receivable= $52,000; Allowance for Uncollectible Accounts = $1,500 (credit). Providence estimates...

Answered: 1 week ago

Question

★★★★★
Please help me You have a proposal for entering a new market. Your data for the next 7 years follows. Should you recommend your proposal to your boss? Why/Why not? Establishing a sales agency costs...

Answered: 1 week ago

Question

★★★★★
Case study B (25 Marks) The management approach at the Fordsburg Car Centre Dylan van Rooyen is the managing director of Fordsburg Car Centre (FCC), an automobile repair shop with 22 branches...

Answered: 1 week ago

Question

★★★★★
Develop a communication and education plan Develop a communication and education plan to be used in conjunction with the change management project plan. This plan should show how the change will be...

Answered: 1 week ago

Question

★★★★★
solve this problem of a Brayton cycle in a gas turbine power plant. Properties of air should be for when it is at 300K; cv=0.718, cp=1.005, k=1.4 This modified brayton cycle consists of; (1) ?>...

Answered: 1 week ago

Question

★★★★★
Read the DeBeers case. What do you believe are the dominant cultural characteristics of this organization? What accounts for the ethically questionable practices at DeBeers?

Answered: 1 week ago

Question

★★★★★
What are individual Brand Elements associated with the brand "McDonald's"? Discuss the steps of the "Brand and Product Decisions" for McDonald's. What type of Brand Personality do you think applies...

Answered: 1 week ago

Question

★★★★★
The Company is on Lowes Inc. Let me know if you have any questions. Thanks Respond to one or more question(s) from each of the three categories below. Category: Operating Activities 1. State whether...

Answered: 1 week ago

Question

★★★★★
18. In the statements below, put a cross for the statement you feel characterizes yourself best when you communicate with others. Its not necessarily the way you know you should communicate, but the...

Answered: 1 week ago

Question

★★★★★
10. What activities in your life best express the value you want others to associate with you?

Answered: 1 week ago

Question

★★★★★
7. Also complete the following sentence: This core value is important to me when I ________________________. This is the situation this core value is important to you we are looking for here.

Answered: 1 week ago

Previous Question Next Question