Belgrade Lakes Properties Is Developing a Golf Course Subdivision That

question 64

Multiple Choice

Belgrade Lakes Properties is developing a golf course subdivision that includes 225 home lots; 100 lots are golf course lots and will sell for $95,000 each; 125 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.

• A) $1,724,800.
• B) $1,777,920.
• C) $2,018,920.
• D) $1,422,080.
• E) $1,475,200.

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Definitions:

Oxygen

A chemical element with symbol O and atomic number 8, essential for most life forms on Earth as part of the process of respiration.

Ecological Niche

Of a species, unique set of requirements and roles in an ecosystem.

Unique Requirements

Specific needs that are particular to an individual organism, system, or process, distinguishing them from others.

Ecosystem

A biological community of interacting organisms and their physical environment, considered as a system of energy flow and nutrient cycling.