Answer:
$4,277.5
Explanation:
Given:
Selling cost of the house = $245,000
Percentage of commission = 3%
Amount of commission = 0.03 × $245,000 = $7,350
Now,
The salesperson is on a 65% commission schedule with her broker
This means that the salesperson will get only 65% of the amount of commission
thus,
Commission to paid = 0.65 × $7,350 = $4,777.5
The final amount received = Commission - office expenses
or
The final amount received = $4,777.5 - $500 = $4,277.5
Answer: Option (D) is correct.
Explanation:
Correct option: Better employment opportunities in a closely-related job.
There is a shift in the market supply curve if there is any changes in the employment opportunities in a closely related to the job. Suppose there are more employment opportunities in a closely related field in the economy as a result market labor supply curve shifts leftward.
Alternatively, if there is a contraction of employment opportunities then this will results in a rightward shift of the market labor supply curve.
Explanation:
The preparation of bank reconciliation is presented below:
Crane Company
Bank reconciliation statement
July 31, 2022
Particulars Amount Particulars Amount
Bank cash balance $9,222 Company cash balance $9,328
Deposits in transit $3,763 Collections $2,120
Less: Outstanding Less: service fee -$53
Check -$1,590
Bank balance Company balance
After reconciliation $11,395 After reconciliation $11,395
Answer:
Effect on cash is -21000
Explanation:
Indirect method make adjustment to reconcile the net income to cash. It depends on the account if it is added or subtracted to net income.
In this case,
Accounts Receivable increased are subtracted from net income and Accounts Payable increased are added to net income
Accounts Receivable increased -48000
Accounts Payable increased +27000
Effect on cash is -21000