**[THREAD HIDDEN]** # Relative sales price
Asked Jun 5, 2008, 10:39 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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