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Pleasant Hills Properties is developing a golf course subdivision that includes 250 home lots; 100 lots are golf course lots and will sell for $95,000 each; 150 are street frontage lots and will sell for $65,000.The developer acquired the land for $1,800,000 and spent another $1,400,000 on street and utilities improvement.Compute the amount of joint cost to be allocated to the street frontage lots using value basis.(Round your intermediate percentages to 2 decimal places.)
Carboxylic Acid Derivatives
Organic compounds where the hydroxyl group (-OH) of a carboxylic acid is replaced with another functional group, such as an ester, amide, or halide.
IUPAC Name
The systematic nomenclature determined by the International Union of Pure and Applied Chemistry for naming chemical substances.
Compound
A substance composed of two or more elements chemically combined in a fixed proportion, possessing unique properties differing from those of the constituent elements.
IUPAC Name
The systematic and standardized name given to a chemical substance based on the rules established by the International Union of Pure and Applied Chemistry.
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