<u>Answer:</u>
<em>$50,325 is the sale price of the property</em>
<u>Explanation:</u>
Karen made a commission of $3522.75 on the sale of a property. Splitter commission clear with her broker which is 50% to the broker and 50% Karen. Broker took 55% of the total commission on a 7% commission rate.
So not considering the commission for a while if we divide commission by the commission rate we will get the sale price.
$3522.75/0.07= $50,325.
Answer:
$850
Explanation:
Data provided in the question:
Initial investment = $15,000
Expected annual net cash flows over four years, R = $5,000
Return on the investment = 10% = 0.10
Present value of an annuity factor for 10% and 4 periods, PVAF = 3.1699
The present value of $1 factor for 10% and 4 periods = 0.6830
Now,
Net present value = [ R × PVAF ] - Initial investment
= [ $5,000 × 3.1699 ] - $ 15,000
= $15,849.50 - $ 15000
= $849.50 ≈ $850
Answer:
True
Explanation:
Equivalent units of production need to be calculated for Materials and Conversion costs separately as the work done (Percentage Completion) towards the outputs may be different in these input elements. This is applicable to Both the <em>weighted-average method</em> and the <em>first-in first-out method</em>.
Answer:
<em>c. Planning</em>
Explanation:
Planning <em>is the method of determining what to do, how to do it, what to do and when. </em>
It is the method of deciding a plan of action so that the desired outcomes can be achieved.
This helps narrow the gap between where we are and where we want to go.
