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
About ____ percent of worldwide stocks of tuna, cod, and other large ocean fishes have disappeared in the last 50 years.
ehidna [41]

About ninety percent of worldwide stocks of tuna, cod, and other large ocean fishes have disappeared in the last 50 years.

Despite being present in every ocean in the world, tuna and other fishes have started disappearing. The North Atlantic, South Atlantic, as well as the Mediterranean Sea, have the worst conditions for the majority of fish species.

Bluefin, albacore, and yellowfin tuna stocks have drastically decreased as a result of years of overfishing for American and European markets. Although the Atlantic fisheries is heavily regulated, illegal fishing off the shore of coastal seas persists, particularly close to Africa, where impoverished nations cannot afford the patrols required to execute the law.

However, tuna populations cod and other large fish oceans  are declining even in the world's largest oceans, and some face extinction due to the continuous pressure of intensive commercial fishing.

To learn more about overfishing click here :

brainly.com/question/5142437

#SPJ4

8 0
1 year ago
Swifty Corporation expects direct materials cost of $6 per unit for 150000 units (a total of $900000 of direct materials costs).
OLga [1]

Answer:

Explanation:

hope this helps

5 0
3 years ago
Active monetary policy
irinina [24]

Answer:

Active monetary policy

d. is the strategic use of monetary policy to counteract macroeconomic expansions and contractions.

Explanation:

  • The option a is not correct as when central banks purposefully choose to only stabilize money and prices levels through monetary policy, then this policy is called as passive monetary policy.
  • The option b is not correct as it has effect on the economy but not in long run.
  • The option c is not correct as when central banks take orders from the ruling party on how to conduct monetary policy then it is not an active monetary policy.
  • The option e is not correct as when central bank use only fiscal policy to try to influence the economy can or can't be active monetary policy.
  • The option d is correct as the active monetary policy is used to counter the changing economic conditions.
4 0
3 years ago
In the last decade or so, there has been a dramatic expansion of small retail convenience stores (such as 7-Eleven, Kwik Shop, a
WINSTONCH [101]

Answer:

2) the time consumers save when purchasing goods there.

Explanation:

Their name explains everything. A convenience store is a store where someone can go and purchase goods easily and without any type of difficulty.

Of course a Walmart is cheaper, but will you travel 20 minutes just to get there, and spend 20 more minutes choosing and paying for a cheap good like a Coke, and then 20 more minutes back home. Whatever you save on buying the Coke, you will spend 50 times more in gas and personal time.

So even if a Coke costs $1 more in a 7-Eleven, it is worth it. You will save a lot of money by purchasing your Coke there.

6 0
3 years ago
Bramble Corp. makes and sells widgets. The company is in the process of preparing its selling and administrative expense budget
Alexandra [31]

Answer:

$720,000

Explanation:

The total budgeted selling and administrative expenses is made up of both fixed and variable components. The variable component of the cost is dependent on the budgeted number of units to be sold.

Total variable cost budgeted

= 58000 ( $1 + $3 + $4 +$2)

= $580,000

Total fixed cost = $10,000 + $120,000 + $4,000 + $6,000

= $140,000

total budgeted selling and administrative expenses for October

= $580,000 + $140,000

= $720,000

5 0
3 years ago
Other questions:
  • Randy works 50 weeks a year, averaging $500 a week in wages. He is offered a salaried position at $27,500 a year. If he accepts
    14·2 answers
  • What is the main purpose of an appointment reminder? In a medical office.
    6·2 answers
  • ________ feasibility refers to projecting whether the system will operate and be used once it is installed.
    8·1 answer
  • Suppose that there are many stocks in the security market and that the characteristics of stocks A and B are given as follows: S
    11·1 answer
  • Farm Country and Industry Country are two neighboring countries. Both countries produce only one​ good: good X. Production in bo
    11·1 answer
  • Flint Suppliers reported cost of goods sold for 2017 of $880,000 and retained earnings of $1,230,000 at December 31, 2017. Flint
    6·1 answer
  • Which of the following are good workplace writing
    8·1 answer
  • AST Electrical provides the following cost information related to its production of electronic circuit boards. Per Unit Variable
    13·1 answer
  • For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acqu
    5·1 answer
  • Reserves are funds set aside for emergencies, such as a rush of withdrawals. true or false
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!