Tridel company is purchasing a land parcel to accommodate 25 lots for its new townhouse project....

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Tridel company is purchasing a land parcel to accommodate 25 lots for its new townhouse project. Tridel plans to sell each lot for $725,000. If direct costs are $375,000 and indirect costs are $125,000. What is the land value if entrepreneurial profit is 10% of the gross sales? a) 12,812,500 b) 15,812,500 c) 2,312,500 d) 17,950,000 Tridel company is purchasing a land parcel to accommodate 25 lots for its new townhouse project. Tridel plans to sell each lot for $725,000. If direct costs are $375,000 and indirect costs are $125,000. What is the land value if entrepreneurial profit is 10% of the gross sales? a) 12,812,500 b) 15,812,500 c) 2,312,500 d) 17,950,000

Answer rating: 100% (QA)

Gross sale price per lot 725000 Gross margin ... View the full answer