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Semmy [17]
2 years ago
15

A vacant lot that measures 100 feet wide by 125 feet deep is listed at a price of $250 per front foot. The broker will collect a

n 8% commission on the sale. If the lot sells for the full asking price, how much is the broker's fee
Business
1 answer:
oee [108]2 years ago
7 0

The broker's fee if the full asking price of $250 per front foot is received will be $2,000.

What is the broker's fee?

A broker's fee is an amount that the broker charges as a fee for facilitating the sale of a property.

First find the asking price:

= 250 x 100 feet

= $25,000

The broker's fee is:

= 8% x 25,000

= $2,000

Find out more on broker's commission at brainly.com/question/14838861

#SPJ1

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3 years ago
Henrique Correa's bakery prepares all its cakes between 4 A.M. and 6 A.M.so they will be fresh when customers arrive. Day-old ca
masha68 [24]

Answer:

The optimal stocking level for the bakery is cakes 27.

Explanation:

Cost c = $ 7

Selling price p = $ 10

salvage value s = $ 5

Mean = 25

Standard deviation \sigma = 8

Cu = underage cost

    = p-c

    = $10 - $7

    = $3

Co = overage cost

     = c-s

     = $7 - $5

     = $2

P\leq C_{u}/(C_{u}+C_{o})

P\leq3/(3+2)

= 0.6

By using normsinv() function in excel we to find the correct critical value

The Z value for the probability 0.6 is 0.2533

The optimal stocking level is

=\mu +z\sigma

= 25 + 0.2533 *8

= 27.02

The optimal stocking level of bakery is 27.02

Therefore, The optimal stocking level for the bakery is cakes 27.

8 0
3 years ago
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The form of a business organization that is not affected by the withdrawal or death of an owner and can continue forever is
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8 0
3 years ago
An investment banker agrees to a firm commitment offering of two million shares of Ace stock. The offer price is set at $55 and
balandron [24]

Answer:

loss of $ 1,400,000.00

Explanation:

Amount of share : two million:

offer price per share: $55

selling price per share: $53.80

Loss per share: $1.20

Total loss= $1.2X2,000,000= ($2,400.000.00)

Earning from spread: 0.5x2,000,000.00 =$1,000.000.00

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8 0
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