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
Sonbull [250]
3 years ago
12

A property has sold for $185,000. The listing agreement calls for a commission of 6.5%. The listing broker and selling broker ag

ree to share the commission equally. What will the listing agent receive if the agent is scheduled to get a 65% share from his broker?
Business
1 answer:
pychu [463]3 years ago
8 0

Answer:

First we need to find out the total commission which is 6.5%

0.065*185000=12025

Out of this the listing broker will get 50%

0.5*12025= 6012.5

Out of this the agent will get 65 percent of that

0.65*6012.5=3908.125 is the amount that the listing agent will receive from his broker.

Explanation:

You might be interested in
"there is no incentive for firms to enter or exit the industry in the long" run when
sertanlavr [38]
There is no incentive for firms to enter or exit the industry in the long run when there is a competitive equilibrium or perfect competition. Perfect competition is when the market price of an item is controlled by the buyers and the sellers. There are tons of people wanting to buy and selling similar products and the are all equally fighting for the same target market. 
8 0
3 years ago
Match each situation with the benefits that professional organizations provide
Lerok [7]

Answer:

Bob wants to gain extra  knowledge by joining a professional organization - professional growth and  development.

Libby seeks money for  research in a particular field- scholarship

Joseph wants to know the  latest legislation pertaining  to his industry-certification

Debby wants to work as  an intern under the guidance  of an expert in her field -mentoring

Chad likes to meet with members of his fraternity to  get a better perspective  of their work - Networking

Explanation:

Bob wants to gain extra  knowledge by joining a professional organization - professional growth and  development. This is because any attachments to professional organization is always a professional development.

Libby seeks money for  research in a particular field- scholarship. Because when you ask for money for studies, research or a university based project, including PhDs, is always either a scholarship or a grant.

Joseph wants to know the  latest legislation pertaining  to his industry-certification. Any formal studies in corporate or industry is a certification, just like when you study in school/university you get degree.

Debby wants to work as  an intern under the guidance  of an expert in her field -mentoring. Whenever anyone seeks help from an expert, supervisor or managers, the person who helps is a mentor.

Chad likes to meet with members of his fraternity to  get a better perspective  of their work - Networking. Meeting and icebreaking is a way to networking, to socialize and know more.

7 0
3 years ago
On January 2, Boulder Co. assigned its patent to Castle Co. for royalties of 10% of patent-related sales. The assignment is for
Tema [17]

Answer:

$30,000

Explanation:

The computation of the royalty revenue reported is shown below:

= Patent-related sales for the year ×  given percentage

= $300,000 × 10%

= $30,000

The revenue is recognized when it is earned or realized so only $30,000 is to be reported as the royalty revenue

The remaining amount i.e $20,000 would be treated as an unearned royalty revenue

6 0
3 years ago
What are the benifits of electric kitchens
Ksju [112]
<span>Induction offers the following benefits and performance advantages: Faster. Because energy is directly transferred within the pan metal, cooking on an electric induction range is extremely fast - even faster than gas.</span>
3 0
3 years ago
Which of the following terms refers to the process of converting a not-for-profit stock exchange owned by its members to a for-p
poizon [28]

Answer and Explanation:

e. Demutualization

7 0
3 years ago
Other questions:
  • Whereas decision-making is perceived as ______ within the finding approach, decision-making is thought to be ______ in the build
    6·1 answer
  • In general, ____ parking spaces are easier to maneuver. A. parallel B. straight-in C. hill D. angle
    15·1 answer
  • The demand for an electronic component is normally distributed with an average daily demand of 500 units and a standard deviatio
    7·1 answer
  • Dan has been directed to study the forces close to a company that affect its ability to serve its customers, such as the company
    6·1 answer
  • Why does an excise tax on gasoline exist? Check all that apply.
    7·1 answer
  • XYZ Company applies overhead to jobs using direct labor cost as an activity. For the current year, XYZ's estimated overhead was
    14·2 answers
  • Which of the following statements is CORRECT? Since depreciation increases the firm's net cash provided by operating activities,
    7·1 answer
  • Eton Corporation purchased land in 1998 for $190,000. In 2018, it purchased a nearly identical parcel of land for $430,000. In i
    5·1 answer
  • Question 1: Write an essay covering the following points;
    8·1 answer
  • If the before-tax rate of return on a corporate bond is 7%, an individual in the 25% marginal tax bracket would earn a _____ rat
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!