Answered

Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

A developer of a new townhome community estimates that there will be 1,400 home (all types) sales in University City over the next year. An analysis of demographic information has revealed that the core market share for the townhome project within the community is 13%. Assuming a capture rate of 22%, what is the developer's first-year projection of townhome sales in the new community

Sagot :

Answer:

the developer's first-year projection of townhome sales in the new community is $40.04

Explanation:

The computation of the developer's first-year projection of townhome sales in the new community is shown below:

= Number of Estimated home × market share × capture rate

= 1,400 × 13% × 22%

= $40.04

hence, the developer's first-year projection of townhome sales in the new community is $40.04

The same is to be considered

Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.