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lara [203]
2 years ago
12

A building's owner pays a property manager in 81/2% commission based on the units annualized rent for each new tenant last year

the manager signed five new tenants 3 at $795 per month one at $1,200 per month and one at $900 per month what was the total amount of the property managers new tenant commissions for that year?
Business
1 answer:
Vera_Pavlovna [14]2 years ago
5 0

Commission paid by the building owner to the property Manager for the new tenant is $4575.

<h3>What is a Commission?</h3>

A brokerage receives compensation for delivering a customer who signs a lease by way of a rental commission. Frequently, rental commissions are stated as months of rent or as a percentage of the annual rent.

The calculation for the Commission of Property Manager:

Commission = Total annualised rent x percentage of Commission

                     = (795 x 12 x 3 + 1200 x 12 + 900 x 12) x 8.5%

                     = 53820 x 8.5% = $4,575

Commission for the property manager = $4,575.  

   

Thus,  a rental commission, a brokerage is paid for bringing a consumer who signs a lease. The commission for the property manager is $4,575.

Learn more about Commission here:

brainly.com/question/20987196

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Bonita Realty Management Co. received a check for $32,400 on August 1, which represents a one year advance payment of rent on an
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Answer:

Explanation:

The adjusted journal entry is shown below:

Unearned rent revenue A/c Dr

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The computation of the rent revenue is shown below:

= Received amount × number of months ÷ (total number of months in a year)

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3 0
3 years ago
According to F.A. Hayek, what is the fundamental economic problem facing society?
jenyasd209 [6]

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According to F.A. Hayek, the fundamental problem facing every society is how to use limited resources in the most optimal way possible.

Explanation:

To Hayek, this problem could not be fully solved by any society, but the best a society could do is to rely on the price system, only possible under a free market, to signal which uses were more optimal than others.

This is also the reason why F.A. Hayek, along with fellow Austrian economists Ludwing Von Mises, believe that socialism could not work: socialism, according to Hayek and Mises, destroyes the price system, and without it, society has no rational way to allocate resources in an optimal way.

8 0
3 years ago
Dalton Industries makes all purchases on account, subject to the following payment pattern: Paid in the month of purchase: 25% P
sladkih [1.3K]

Answer:

The firm's budgeted payments in March is $206,500

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Here, following month is considered to be a month which is before than actual month.

The firm's budgeted payments in March is computed below:

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