F3 Flashcards
1
Q
How is Market Floor determined?
A
NRV minus (Sales value x profit margin)
2
Q
How is Market Ceiling (NRV) determined?
A
Sales value minus cost to complete
3
Q
A
How is Market Floor determined?
NRV minus (Sales value x profit margin)
How is Market Ceiling (NRV) determined?
Sales value minus cost to complete