1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
myrzilka [38]
2 years ago
9

A seller wants to break even after the broker’s commission of 5% and loan balance of $300,000 are paid. At what price must the h

ouse sell?
Business
1 answer:
zhuklara [117]2 years ago
3 0

At $315,789 the house must be sold after taking into consideration the broker's commission.

<h3>What do you mean by broker’s commission?</h3>

A broker’s commission is a brokerage firm employee who is compensated for the number of trades they execute for clients.

These brokers typically earn a percentage of the assets traded by their clients, which means that the more a client trades, the more money they make.

In order to calculate the selling price, we have to start with 100% minus a 5% commission, which is 95% or .95.

Take $300,000 and divide this amount by .95.

This will give the amount or the price at which we can sell the house which is $315,789.

Thus, At $315,789 the house must be sold after taking into consideration the broker's commission.

To learn more about  broker's commission refer:

brainly.com/question/14838861

#SPJ1

You might be interested in
On January 8, Lee Co. borrows $100,000 cash from National Bank by signing a 90-day, 6% interest-bearing note. On April 8, Lee Co
Mumz [18]

Answer:

Interest Expense

Explanation:

If any company takes a loan from any bank or borrow from other sources for a specific time, that company has to pay a combination of principal amount and an additional expenses during the maturity period. That extra cost is called interest expense. As Lee company borrows a loan on January 8 and will pay the loan on April 8 with an interest rate, the company has to pay an interest expense of $100,000 × 6% × (90 ÷ 360) = $1,500.

8 0
3 years ago
Alex, Kara, and Susie are the only three people in a community. Alex is willing to pay $20 for the fifth unit of a public good,
densk [106]

Answer:

a) $25 is the correct answer.

Explanation:

Those are the only three people in the community. Susie is willing to pay $25 and everyone else is willing to pay less than that.

7 0
3 years ago
Trisha is appointed as the new CEO of an automobile manufacturing company. She decides to introduce a new set of organizational
scoray [572]

Answer: Behavioral addition

Explanation:

The behavioral addition is one of the process that helps in understand the behavior of an organization in terms of performance, change in the policies and productivity the firm.

 It is also refers to the process performing the new behavior in an organization by the employees or the manager.

According to the given question, Trisha is the new CEO of the manufacturing firm and she introducing the various types of new policies for the purpose of improving the performance of the company.

Therefore, Trisha is using the behavioral addition for illustrating the given scenario.  

6 0
3 years ago
Jeff and Rhonda are married and have two children, Max and Jen. Max is 20, attends college in the Los Angeles area full-time, an
Rufina [12.5K]

The nuclear family .

Explanation:

This is because every extended family has a link with their relation. They need to build their home.

6 0
3 years ago
A company launched four new products. The market price, in dollars, of the four products after different number of years is show
iragen [17]
<span>anonymous 2 years ago</span><span>A company launched four new products. The market price, in dollars, of the four products after different number of years is shown below: The price of which product will eventually exceed all others?</span>
3 0
3 years ago
Read 2 more answers
Other questions:
  • If you have an extremely "bullish" outlook on the stock market, you could attempt to maximize your rate of return by ___________
    7·1 answer
  • Pablo has a $180,200 basis in his partnership interest. On May 9 of the current tax year, the partnership distributes to him, in
    9·1 answer
  • Yield to maturity (YTM) is the rate of return expected from a bond held until its maturity date. However, the YTM equals the exp
    14·1 answer
  • QUESTION 19
    13·1 answer
  • On June 10, 20X8, Tower Corporation acquired 100 percent of Brown Company's common stock. Summarized balance sheet data for the
    5·1 answer
  • A buyer made an offer to purchase a property. The owner responded with a counteroffer. While the buyer was reviewing the counter
    10·1 answer
  • Hardwoods, a timber supplying company, contracted with a furniture manufacturer, Taylor Furniture. Hardwoods owned a large plot
    12·1 answer
  • DISTRIBUCIONES MUESTRALES Y ESTIMACIONES
    8·1 answer
  • The City of Kyle, Texas hired Wonderworks to put on its Independence Day fireworks show. Despite taking reasonable safety precau
    9·1 answer
  • Please help
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!