Rule Of Five

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Definition: Rule Of Five

Rule Of Five
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Full Definition of Rule Of Five

A rule of thumb subdividers use to estimate subdivision costs. In general, 20 of the final total sales price will be allocated to land acquisition, 20 percent of the total sales price to improvement costs like grading, road installation, 20 percent to miscellaneous costs like interest, carrying charges, and unsold lots, and 40 percent of administrative costs, sales commissions, and profits.

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https://payrollheaven.com/define/rule-of-five/
Modern Language Association (MLA):
Rule Of Five. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
November 29, 2023 https://payrollheaven.com/define/rule-of-five/.
Chicago Manual of Style (CMS):
Rule Of Five. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/rule-of-five/ (accessed: November 29, 2023).
American Psychological Association (APA):
Rule Of Five. PayrollHeaven.com. Retrieved November 29, 2023
, from PayrollHeaven.com website: https://payrollheaven.com/define/rule-of-five/

Definition Sources

Definitions for Rule Of Five are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.