Answer: a. The listing agreement they will use
b) Ted's office policy regarding intermediary brokerage
c) Ted's office policy regarding commission splits with "other" brokers
Explanation:
Apart from the fact that the statutory written statement regarding the brokerage services will be presented, it is appropriate for Ted to discuss the following with the sellers.
• The listing agreement they will use
• Ted's office policy regarding intermediary brokerage
• Ted's office policy regarding commission splits with "other" brokers.
These are needed to ensure that both the sellers and the buyer understands each other's stand and the agreement that are in place to ensure a smooth transaction.
Answer:
APR 1=18%
APR 2=12%
Periods per year=12
Monthly interest rate 1=18%/12=1.5%
Interest payment=25000*1.25%=375
Monthly interest rate 2=18%/12=1%
PV of interest payments=375/1%=37500
Additional borrowing=37500-25000=12500
Answer:
Canton Corporation
Income Statement for December 31, 2016
$
income from continuing operations before income taxes 110,000
Less: Income Tax 30% <u>38,500</u>
Income from continuing operations 71,500
Gain on disposal of discontinued component 28,000
Tax on disposal of discontinued component (8,400)
Loss from operations of discontinued component <u>(50,000)</u>
Net loss from discontinue operations <u>(30400)</u>
Total Comprehensive Income <u>41,100</u>