Answer:
The commision earned for the broker will be of 4,860 dollars
Explanation:
<em><u>First, we solve for the selling price</u></em>
the property sold at 4% less that is
87,500 x (1 - 0.04) = 84,000
<em><u>Now we calculate the commision </u></em>
the commision is 7% on the first 50,000 and the n 4% for the rest:
50,000 x 7% = 3,500
(84,000 - 50,000) x 4% = 1,360
total commision 3,500 + 1,360 = 4,860
Answer:
The answer is a. <u>$15.88%</u>
b. <u>19.46%</u>
Explanation:
a. Equity multiplier = total assets /shareholders equity
Equity multiplier = $ 45.9 million/ $ 18.6 million= 2.47
ROE = net profit * asset turnover * Equity multiplier
ROE = 3.42% * 1.88 * 2.47= <u>$15.88%</u>
<u></u>
b. ROE = net profit * asset turnover * Equity multiplier
ROE = 4.19 % * 1.88 * 2.47 = <u>19.46%</u>
Answer:
The effective growth rate daily is 0.1455%
Explanation:
The effective growth rate daily can be computed using the below daily growth rate formula:
effective daily rate=(1+annual rate)^1/365-1
annual growth rate as given in the question is 70%
effective daily growth rate=(1+0.70)^(1/365)-1
effective daily growth rate =1.001454833
-1
effective daily growth rate=0.001455
effective daily growth rate=0.145483327 %
effective daily growth rate =0.1455% approximately
The fact that the business is growing at this rate on daily basis is good indicator of business success which must be leveraged upon in the future in order to take the business even to greater heights.
However,the validity of the annual rate of 70% is also very important,whatever parameters used in arriving at 70% needs to be rechecked in order to be on the safe side.
Answer:
$2,730,000
Explanation:
The opening cash balance is netted off the cash flows from all activities namely; Operating, investing and financing activities to get the closing cash balance.
The operating activities includes elements such as net income, depreciation and amortization, changes in working capital etc.
Given;
Net income = $2,500,000
Depreciation = $160,000
accounts receivable decrease = $350,000 (inflow of cash)
accounts payable decrease = $280,000 (outflow of cash)
net cash provided by operating activities using the indirect approach
= $2,500,000 + $160,000 + $350,000 - $280,000
= $2,730,000
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