Sheffield realty corporation purchased a tract of unimproved land for $115,500. this land was improved and subdivided into building lots at an additional cost of $72,366. these building lots were all of the same size but owing to differences in location were offered for sale at different prices as follows.
group no. of lots price per lot
1 9 $6,300
2 15 8,400
3 17 5,040
operating expenses for the year allocated to this project total $38,220. lots unsold at the year-end were as follows.
group 1 4 lots
group 2 6 lots
group 3 1 lots
required :
1. at the end of the fiscal year sheffield realty corporation instructs you to arrive at the net income realized on this operation to date.
net income $

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

​participate in networking opportunities that allow you to get to know potential clients, other entrepreneurs, influential people in your community, etc. focus on doing everything you can to cultivate posting word of mouth advertisin

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.