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2 years ago

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a seller wants to net $55,614 from the sale of her house after paying a 7% commission. her minimum sales price will have to be?

1 answer:

ivann1987 [24]2 years ago

7 0

In a situation wherein a seller wants to net $55,614 from the sale of her house after paying a 7% commission, her minimum sales price will have to be at least $59,800. Therefore, the option C holds true.

<h3>What is the significance of sales price?</h3>

Sales price can be referred to or considered as the price at which goods or services are being sold by a seller in the market. Usually, the sales price is higher than the cost price.

When the net returns desired by a seller is $55,614, and the commission is at 7%, then the sales price shall be 55614 / 0.93 = $59,800.

Therefore, the option C holds true regarding the significance of sales price.

Learn more about sales price here:

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The question seems to be incomplete. It has been added below.

A seller wants to net $55,614 from the sale of her house after paying a 7% commission. Her minimum sales price will have to be?

$55,341

$59,506

$59,800

$63,000

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Which of the following is a way for states or local governments to raise revenues immediately?

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A.
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Answer:

B. False

Explanation:

Opportunity cost of producing a good for the supplier are the profits that they could make from other goods that they are not producing, for example if a supplier is producing cars the opportunity cost are the profits that the supplier can make by producing other products instead of cars. This statement is wrong because when the price of a good increases the opportunity cost of producing the good does not change because the opportunity cost of producing the good depends on the price and profits of other goods. In this case when the price increases the suppliers will supply more of this good because the opportunity cost of not producing the good increases because they can make higher profits now.

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3 years ago

A small clothing company plans to sell a new line of shirts. The selling price will be $35 per shirt. The labor costs will be $5

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The correct answer is 4,000 shirts.

Explanation:

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So, Contribution margin amount = $35 - $5 - $10 = $20

And fixed cost = $60,000 + $20,000 = $80,000

So, we can calculate the breakeven units by using following formula:

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3 years ago

Assume the risk-free rate is 3%. Calculate the stock's expected return, standard deviation, coefficient of variation, and Sharpe

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b) Standard deviation is square root of probability weighted squared deviations of individual values from expected values.

Std deviation = 27.98%

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4 years ago

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<h3>How to Calculate Current Liabilities. </h3>

The equation must counteract because everything the firm owns must be purchased from debt (liabilities) and assets (Owner or stockholders equity). The owner's equity is computed by adding up all of the business assets and removing all of its liabilities.

To calculate current liabilities, you ought to add together all the money you owe lenders within the next year (within 12 months or less). Current liabilities contain current payments on long-term loans (like mortgages) and client deposits.

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2 years ago