Question
A real estate developer sells residential apartments. The price of one unit is $120,000. It costs the company $80,000 to construct each one, and the
A real estate developer sells residential apartments. The price of one unit is $120,000. It costs the company $80,000 to construct each one, and the fixed costs for the period are $2,000,000. What is the break-even point in apartments and total revenue? If the overall project has 120 apartments, calculate the company net profits and the return on sales!
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
