The fees that Broker Eric most likely charged Paul for making the loan is $390.
<h3 /><h3>What amount did Broker Eric charge?</h3>
While brokers are allowed to charge fees on helping their clients to acquire loans, this amount shouldn't be too high. 5% on a loan and $750 are considered to be too high.
The most likely amount that Broker Eric charged would have been $390 which is reasonable based on most loan amounts.
Options for this question are:
a. $390
b. 5% of the principal
c. $750
d. Actual costs under $700
Find out more on broker fees at brainly.com/question/16203925.
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Answer:
presents the plan for only one level of activity and does not adjust to changes in the level of activity
Explanation:
A static budget refers to the budget where sums aren't going to change except with major quantity adjustments. Unlike a static master budget, the sales division of an organisation may have a dynamic budget.
The cost estimate for the selling commission will be reported as a proportion of revenue in such a flexible budget. In other words, A master budget – which is a projection of income and spending for a given time frame – appears constant even with rises or declines in levels of demand and output.
<h2>
Cost of goods sold of Baxter's Company = 3,06,000</h2>
Explanation:
Cost of goods sold = +Purchase + Direct Exp+ Opening Inventory - Closing Stock
85,000 + 3,23,000 - 1,02,000 = 3,06,000
This is known as a service agreement. A service agreement is used by companies who want to have a transaction with service providers in order to avail of their services. This is to ensure that both of the parties involved agree on each other terms and that there will be no confusion or conflict.
