Land on a Small Caribbean Island Is Valued At $\$ 45$

question 62

Essay

Land on a small Caribbean island is valued at $\$ 45$ per square foot. What is the value of a triangular lot with sides of lengths $80$ ft, $50$ ft, and $120$ ft?

---

Definitions:

Inventory Turnover Rate

A measure of how many times a company's inventory is sold and replaced over a specific period, often used to assess efficiency.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company.

Rate Of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost.

Investment

The allocation of resources, such as capital or time, in the expectation of generating an income or profit.