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
Which of the following should employers do to actively prevent workplace hazards? A. Completely eliminate all possible hazards.
wlad13 [49]
Your answer is D hope this helps
4 0
3 years ago
Read 2 more answers
Lowering the cost of each item produced because of high-volume production brought on by demand stimulation is
Debora [2.8K]

Answer:

inelasticity of demand

7 0
3 years ago
What advantage do federal loans have over private loans?
elena55 [62]

Answer:

O A

they have a low rate of interest

O c. they allow a longer repayment period

OD.

they have an easier application process

6 0
3 years ago
Audit partners are periodically punished for holding a material investment in a client. this violates which aicpa code of conduc
kozerog [31]

Audit partners are periodically punished for holding a material investment in a client. This violates reasonably informed third party AICPA code of conduct rule.

Issuing the current year audit report when fees for the past year audit remain uncollected. The AICPA Code of Professional Conduct prohibits direct solicitation of clients by CPAs. A member who enters into or directs or knowingly permits another individual to enter into such an agreement for the performance of audit or other attest services would be considered in violation of the "Acts Discreditable Rule". A code of ethics and professional conduct outlines the ethical principles that govern decisions and behavior at a company or organization. They give general outlines of how employees should behave, as well as specific guidance for handling issues like harassment, safety, and conflicts of interest.

To know more about AICPA code here

brainly.com/question/27993494

#SPJ4

4 0
2 years ago
Khái niệm sản phẩm dịch vụ ngành Tài chính – ngân hàng
umka2103 [35]
What? I don’t understand sorry
3 0
3 years ago
Other questions:
  • A data set contains information about 14,959 people aged 25 to 64 whose highest level of education is a bachelor's degree. (a) i
    8·1 answer
  • If a genuine change of employer exists but the employing industry remains substantially the same, the successor employer _______
    11·1 answer
  • If the domino effect occurs as a result of changes in the money supply, what will most likely happen as an immediate result of b
    9·2 answers
  • A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash. The only changes affecting retained
    8·1 answer
  • Kathy has found out everything she can about a newly qualified lead. She has practiced making her sales presentation and has det
    12·1 answer
  • Problem 6.27 David is going to purchase two stocks to form the initial holdings in his portfolio. Iron stock has an expected ret
    6·1 answer
  • The cost method that will yield the highest taxable income during times of inflation is the a.weighted average inventory cost me
    8·1 answer
  • (a) how much fiscal restraint occurred between 1931 and 1933? $ billion (b) by how much did this policy reduce aggregate demand
    12·2 answers
  • It is extremely important for a researcher to clearly define the variables in a study because this helps to determine the type o
    9·1 answer
  • Samtech Manufacturing purchased land and building for $3 million. In addition to the purchase price, Samtech made the following
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!