1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gnom [1K]
3 years ago
8

Christopher has hired a real estate broker to help facilitate the sale of his home. Realizing that Christopher is most likely go

ing to realize a loss on his investment due to the recent decline in housing values in his neighborhood, the broker has agreed to charge Christopher a lower commission rate as long as Christopher enters into an exclusive right of sale listing contract. If Christopher ends up selling his house for $364,583 and takes home $350,000 after paying the real estate broker’s commission, what was the commission rate that the broker ended up charging?A. 4.0%B. 4.2%C. 8.0%D. 14.6%
Business
1 answer:
kari74 [83]3 years ago
3 0

Answer:

4.0%

Explanation:

Given that gross sale value = $364,583

And net sale value after commission = $350,000

The commission paid to the broker = $364,583 less $350,000 = $14,583.

Therefore the commission rate

= \frac{Dollar Commission}{Gross Sale Value}

= 14,583/364,583

= 4.0%.

The brokers commission is usually computed on the Gross Sale Value, and not the net sale value.

You might be interested in
In an enterprise resource planning (ERP) system, the _____ component provides information on production costs and pricing.
posledela

Answer: manufacturing

Explanation:

In an enterprise resource planning (ERP) system, the manufacturing component provides information on production costs and pricing.

Enterprise Resource Planning is the gathering and organization of business data by using an integrated software suite.

It should be noted that ERP software typically contains applications that helps in automating certain business functions such as sales quoting, production, accounting etc

5 0
3 years ago
Andy's two nephews want to travel to Philadelphia with him to see a show. Andy has two free plane tickets and three tickets to t
sleet_krkn [62]
A scarce resource.....
3 0
3 years ago
Rachel’s Candelabra Shoppe sells candles to clients for $6.00 each. The variable cost to produce each candle is $2.25 per candle
Flauer [41]

Answer:

The firm’s contribution margin per candle is $3.75

Explanation:

The computation of the firm’s contribution margin per candle is shown below:

Contribution margin per unit = Selling price per unit - variable cost per unit

= $6 candle - $2,25 candle

= $3.75 candle

The fixed expense is used to compute the break-even sales in units and in dollars so for this calculation, the fixed expense should not be taken. Hence, ignored it

7 0
2 years ago
A registered representative presents a seminar to a group of 35 prospective retail investors about investing in mutual funds. At
Lelu [443]

Answer:

"D"

Explanation:

Sales literature is a marketing approach strategy where apart from advertisements , a marketer uses collection of different materials like brochure , specification sheets ,price lists in enlightening customers towards making buying decision

Under the FINRA rule 2210, it must be delivered to more than 25 prospective clients.

Where it is providing testimonial concerning certain investment performance,it must disclosed that

  • the testimonials do no belong to others
  • it is no guarantee of future performance
  • if more than a nominal sum is paid and the fact that it is a paid testimonial
7 0
3 years ago
Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is
ELEN [110]
F I think the answer is
7 0
3 years ago
Other questions:
  • Mark the boxes that are true. the federal communications commission regulates radio and television to the extent of licensing st
    14·1 answer
  • For a not-for-profit private animal rescue agency, which account should be credited to record a gift of cash from an outside par
    14·1 answer
  • Jim&Jenny Inc, an investment service firm, regularly donates to nonprofit organizations for various social causes and events
    10·1 answer
  • Times-Roman Publishing Company reports the following amounts in its first three years of operation:
    7·1 answer
  • Verizon's implementation of a web-based digital dashboard to provide managers with real-time information, such as customer compl
    14·1 answer
  • Sam is comparing the costs of two loans. The principal amount of each loan is $5,000. One is due in one year and the other is du
    7·2 answers
  • Evidence by Blake, Elton, and Gruber indicates that, on average, actively managed bond funds ______. outperform passive fixed-in
    5·1 answer
  • Background information: In 2012, President Obama and Congress debated the issue of taxes and tax cuts.
    5·2 answers
  • How can a person become a dentist​
    10·1 answer
  • Juan earns a gross pay of $44,500. His employee benefits are 18% of his gross pay. What is the value of his benefits?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!