User Account

All Pages

Heart and home properties is developing a subdivision

Assignment Help Managerial Accounting
Reference no: EM13907459

Heart and Home Properties is developing a subdivision that includes 600 home lots. The 450 lots in the Canyon section are below a ridge and do not have views of the neighboring canyons and hills; the 150 lots in the Hilltop section offer unobstructed views. The expected selling price for each Canyon lot is $55,000 and for each Hilltop lot is $110,000. The developer acquired the land for $4,000,000 and spent another $3,500,000 on street and utilities improvements. Assign the joint land and improvement costs to the lots using the value basis of allocation and determine the average cost per lot.

Reference no: EM13907459

Questions Cloud

The limited liability of shareholders : According to Gorton; The limited liability of shareholders in a business creates moral hazard because owners can take risks that can benefit them at the potential expense of creditors. true or false ? why ?
Over time banks have become more efficient at using bank : Over time banks have become more efficient at using bank capital and thus use less of it relative to the assets they fund. The capital ratios in 2009 of US banks were lower  than they were in the 1980s and 1990s. true or false ? why
Prepare fred pearsons report to mr mckay : You are required to prepare Fred Pearson's report to Mr McKay. Your report should incorporate. The relative profitability of each option. The break-even point and margin of safety.
Continental bank of illinois was bailed out : Continental Bank of Illinois was bailed out before a banking crisis occurred. Regulators thought that Continental was too big to fail. true or false ? why ?
Heart and home properties is developing a subdivision : Heart and Home Properties is developing a subdivision that includes 600 home lots.
Anyone involved with american health care : Anyone involved with American health care probably knows that our spending is out of control. We experience far greater medical spending than any other nation. Just how much do we spend on health care in America
The coupon rate of a bond is the rate of return : The coupon rate of a bond is the rate of return that an investor obtains by buying the bond in the market and holding it until the last cash flows are paid
Pirate seafood company purchases lobsters and processes : Pirate Seafood Company purchases lobsters and processes them into tails and flakes.
Summarize the experiment and findings of shaffer and article : In this PowerPoint presentation, provide a 2-slide summary of each of the following: Bounded Awareness, Framing and Reversal of Preferences. To conclude your presentation, prepare 4-6 slides that summarize the experiments and findings of the Shaffe..

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Factors that affecting companys ability to break even

Identify three factors that are affecting airline company's ability to break even. For each of your factors, discuss how these have an impact on the breakeven (contribution margin, fixed costs, variable costs, a combination, etc.), and what happen..

  Compute return on total assets for polaris

Key figures for Polaris and Arctic Cat follow.

  Place yourself in the position of an executive manager eg

place yourself in the position of an executive manager e.g. ceo cfo or coo of the home depot. further assume that you

  Prepare journal entries to record the preceding information

Prepare journal entries to record the preceding information and show what is reported on the Holly Companys 2010 income statement.

  Compute the number of units in ending inventory

Compute cost of goods available for sale and the number of units available for sale and compute the number of units in ending inventory.

  Describe and evaluate the various approaches

Use and indicate three references, one of them is Atrill, P. & McLaney, E. (2012) Management accounting for decision makers. 7th ed. Harlow, England : Pearson Education Ltd.( the referencing sector is not counted as part of the answer)

  Evaluate return on investment for new low calorie product

Calculating Return on Investment for this new low calorie product. You have the master budget, cash budget, Cash flow info with NPV. Based on the information provided can this be calculated?

  Journal entry to record the allocation

Manufacturing overhead for the month was overapplied by $5,000. The company allocates any underapplied or overapplied overhead among work in process.

  Choose an item that you would like to manufacture you do

choose an item that you would like to manufacture. you do not actually need to manufacture something but will proceed

  Activity based costing-academic approach

What kind of organization or company would employ Activity-based costing? What are the limitations of Activity-based costing?

  1 a company purchased equipment for 20000 management

1. a company purchased equipment for 20000. management estimates that the equipment will have a useful life of five

  Calculate the amount fresh cut paid for goodwill

Calculate the amount Fresh Cut paid for goodwill - Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $12,600,000 in cash.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd