**[THREAD HIDDEN]** # Relative sales price
Asked Jun 5, 2008, 09:39 PM
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| I have the basic format to figure out cost per lot for the question below but I do not see how in my book relative sales price is calculated. The best I could come up with is that total sales price is multiplied by .0001
Relative Sales Value Method
Group # of lots price per lot
1 9 $3,000
2 15 $4,000
3 17 $2,400
Operating expenses for the year allocated to this project are $18,200. Lots unsold at year end were as follows:
Group1 5 lots
Group 2 7 lots
Group 3 2 lots
At fiscal year end what is net income?
I have: lots, number of lots,price per lot,total sale price but I don't see how to calculate relative sale price? | ##
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I have no clue where to begen with this, I could use some help! Its due on Friday night and the teacher as done nothing to help here. I'm totally lost.
The individual portion of this assignment is for each person to produce his/her own solution to the following. Claire’s Antiques has fixed cost...
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