Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 06, 2024

A MA BOUGHT TWO 60-FOOT LOTS FOR 30,000 NET EACH AND DIVIDED THEM NTO THREE LOTS OF EQUAL FRONTAGE, WHICH HE SOLD OF 6000 PER

A MA BOUGHT TWO 60-FOOT LOTS FOR 30,000 NET EACH AND DIVIDED THEM NTO THREE LOTS OF EQUAL FRONTAGE, WHICH HE SOLD OF 6000 PER FRONT FOOT EACH. WHAT WAS HIS PERCENTAGE OF GROSS PROFIT?

a. 20.00%

b.16.67%

c. 11.31

d. 76.99

e.14.50

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

The Business Of Personal Finance

Authors: Joseph Calandro Jr, John Hoffmire

1st Edition

1032104562, 978-1032104560

More Books

Students also viewed these Finance questions

Question

★★★★★

On January 1, 2016, Midstate Power Company overhauled four turbine engines that generate power for customers. The overhaul resulted in a slight increase in the capacity of the engines to produce...

Answered: 1 week ago

Question

★★★★★

4. Provide some clarification of differences and similarities among the following terms: acute exercise, chronic exercise, aerobic exercise, anaerobic exercise, resistance exercise. Discuss these...

Answered: 1 week ago

Question

★★★★★

Mainland Supply Company recently changed its system of internal control over cash disbursements. The system includes the following features. Instead of being unnumbered and manually prepared, all...

Answered: 1 week ago

Question

★★★★★

In your plumbing business, you frequently have to hire contractors to do sewer work. If you do not issue 1099-MISC forms, how will that impact your tax liability? Question 8 of 16 In your plumbing...

Answered: 1 week ago

Question

★★★★★

I'vlanyr college and university students obtain summerjobs. A professor wanted to determine whether students in different degree programs earn different amounts. She randomly selected five students...

Answered: 1 week ago

Question

★★★★★

Draw the context diagram and level-0 DFD to model the process described below. If you feel the narrative is incomplete, make some reasonable assumptions to complete the story. It is important that...

Answered: 1 week ago

Question

★★★★★

5.You own a software company which supports audits done by civil and mechnical engineers. The software has orginally been sold to private and municiple organizations which monitor buildings and...

Answered: 1 week ago

Question

★★★★★

Reville LLP is auditing the Year 1 financial records of Renschler LLC, a publicly traded manufacturing company. Renschler has a December 31 year-end. Reville LLP performed their year-end audit during...

Answered: 1 week ago

Question

★★★★★

Let f C C, differentiable at the origin, f(0) = 0, and satisfy f(2z) = 2f(z) for all z = C. Prove that there exists c E C such that f(z) = cz for all z = C.

Answered: 1 week ago

Question

★★★★★

Present two of Kaiser Permanente's competitors and explain whether you believe they are a prospector, defender, analyzer, or reactor. ( Class- Strategic Management)

Answered: 1 week ago

Question

★★★★★

1. What particularly intrigues you about this innovation? Why do you think it is needed and might or might not work in your community?

Answered: 1 week ago

Question

★★★★★

2. In what ways might the innovation be adapted to your particular community characteristics or needs?

Answered: 1 week ago

Question

★★★★★

1. What are the major sources of stress in your life? What are the major sources of stress at work? Write down three sources of stress for which you can take some sort of action to change.

Answered: 1 week ago

Previous Question Next Question