Pleasant Hills Properties Is Developing a Golf Course Subdivision That

question 160

Multiple Choice

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 golf course lots using value basis. (Round your intermediate percentages to 2 decimal places.)

• A) $1,620,800.
• B) $1,080,000.
• C) $720,000.
• D) $1,920,000.
• E) $1,579,200.

---

Definitions:

Electronegativity

The measure of an element’s ability to attract electrons.

Ionic Bond

Chemical bond formed because of the attraction of two oppositely charged ions, such as by the loaning of one or more electrons from one ion to another.

Periodic Table

A tabular arrangement of the chemical elements, organized by their atomic number, electron configuration, and recurring chemical properties.

Electronegativity

A chemical property that describes the ability of an atom to attract electrons towards itself in a chemical bond.