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
777dan777 [17]
3 years ago
11

Natalie wants to make a 25% profit on her $70,000 land investment (there is no mortgage). She figures agents charge a 6% commiss

ion, and that closing costs will be an additional $1,200. What should she accept as a final sale price (to the nearest hundred)?
Business
2 answers:
Ksju [112]3 years ago
7 0

Natalie wants to make a 25% profit on a $70000 sale. That would be:

(125 ÷ 100) × 70000 = $87500.

Natalie wants to make $87500. But the agent would charge a 6% for the sale, Natalie will add a 6% to the $87500, that would be:

(106 ÷ 100) * 87500 = $92750.

On this $92750, there's a closing cost of $1200,

Add $92750 + $1200 = $93950.

$93950 to the nearest hundred will be $94000.

Natalie should make the final sale price $94000 in order to make a profit of %25.

krek1111 [17]3 years ago
6 0

Answer:

Final sale price = $94000

Explanation:

Price of investment = $70000

Profit accrued on investment = 1.25 * $70000= 87500

Agent commission= 6%

Agent commission = .06 * 87500

= $5250

Additional fee = 1200

Final sale price = $87500 +1200 + 5250 =93950 =$94000(nearest hundred)

You might be interested in
For an airline, which of the following would not be an operational budget? A cash receipts budget of flying consumers. A budget
katrin [286]

Answer:

A cash receipts budget of flying consumers.

Explanation:

Operational budget is defines as all the profits and expenses a business realises as a result of planning it's operations.

Usually an operational budget is set before activities begin, and is a target to be achieved.

For an airline cash receipts of flying customers is not a revenue realised as a result of planning operations, so this is the correct answer.

However a fuel budget, material budget for parts, and labour budget for flight crew are operational budgets.

4 0
3 years ago
Read 2 more answers
The ratio of shareholders funds to total assets of the company is called?​
mario62 [17]

Answer:

share holder equity

Explanation:

it indicates how much of company's assets have been generated

3 0
2 years ago
In 2020, Pharoah Company reported a discontinued operations loss of $1120000, net of tax. It declared and paid preferred stock d
Y_Kistochka [10]

As a result of the discontinued operations loss, net of tax, the earnings per share would decrease by $2.24.

<u>Explanation:</u>

Change in EPS

= $1120000 ÷ 500000 outstanding shares

= $2.24.

7 0
3 years ago
Activity rates from Mcelderry Corporation's activity-based costing system are listed below. The company uses the activity rates
Naddik [55]

Answer:

b) 2,388.22

Explanation:

Activity Cost Pool        Activity Rates                Activity   Overhead cost

Processing customer  49.87 per order                   10             498.7

orders

Assembling products   2.88 per assembly hour    580          1670.4

Setting up batches       18.26 per batch                    12          <u>  219.12</u>

Total Overhead cost assigned                                               <u>2,388.22</u>

8 0
2 years ago
Paul is responsible for recording sales transactions at his company. To minimize entry errors, Paul uses a(n) __________ process
marysya [2.9K]

Paul is responsible for recording sales transactions at his company. To minimize entry errors, Paul uses a (n) <u>accounting process</u>.

The accounting process is the set of steps that allows the economic operations of an entity or company to be expressed through financial statements.

This process is essential for any company since they will be able to see their expenses and income, and thus make projections and help it to minimize entry errors of the company.

  • During the accounting process, the economic operations of the company are compiled (purchases of materials, sales of products), together with the documents that guarantee each operation.

  • Finally, before the accounting process is closed, adjustments or modifications can be made that allow a reliable balance.

Therefore, we can conclude that Paul is responsible for recording sales transactions at his company. To minimize entry errors, Paul uses a (n) accounting process.  

Learn more here: brainly.com/question/20871705

5 0
3 years ago
Other questions:
  • Jones Industries received $800,000 from issuing shares of its common stock and $700,000 from issuing bonds. During the year, Jon
    8·1 answer
  • Which strategy works best to help people feel more comfortable in meetings?
    7·2 answers
  • A small manufacturer that makes clothespins and other household products buys new injection molding equipment for a cost of $500
    12·1 answer
  • 11) A company knows that they will sell 80,000 cases of #2 Pencils at a steady rate over the course of the next year. It costs t
    12·1 answer
  • If a company has $2,000,000 invested in buildings, equipment, and other assets and desires to earn a return on investment of 30%
    5·1 answer
  • 1) When quantity demanded in a market is more than the quantity supplied, _____ occurs.
    9·1 answer
  • Transportation stocks currently provide an expected rate of return of 15%. TTT, a large transportation company, will pay a year-
    13·1 answer
  • Products are winnowed out as they make their way down the path from conception to consumption, a process called ________.
    15·1 answer
  • Choose, define, and restrict a topic based on a problem or issue you might deal with in one of the following divisions of a comp
    6·1 answer
  • Harry is a citizen and resident of Saudi Arabia. During the current year, Harry never visits the United States, nor does he hold
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!