If the Total Area of a Lot Is 15,000 Ft2

question 62

Multiple Choice

If the total area of a lot is 15,000 ft2 and the total covered area on all floors of the building on this lot is 60,000 ft2, the FAR for the property is

• A)0.25.
• B)1.5.
• C)3.7.
• D)6.0.
• E)none of the above.

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Definitions:

Consolidated Retained Earnings

The collective earnings retained by a group of companies after dividends are paid, reported on a consolidated financial statement.

Acquisition Transaction

A business deal where one entity purchases most or all of another entity's shares or assets to take control of that entity.

Fair Value

Fair value is a financial concept that estimates the price at which an asset or liability could be traded in an arm's length transaction between willing parties, in an open and unrestricted market.

Credit Balance

The amount of money in a financial account that represents a creditor's claim against a debtor; often seen in accounts payable or loan amounts.