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siniylev [52]
3 years ago
9

A broker lists a property for $87,500 at 7% commission on the first $50,000 and 5% on the balance. The property sells for 4% les

s than asking price. What commission was earned?
Business
1 answer:
Colt1911 [192]3 years ago
7 0

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

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Relational integrity constraints enforce business rules vital to an organization's success and often require more insight and kn
Over [174]

Answer: False

Explanation: Each company has integrity constraints unique to its business and every databases in a business contain integrity constraints that help prevent chaotic and unwanted events from happening. Business critical integrity constraints enforce business rules that are vital towards organization's goals and success and more often require more insight and in-depth knowledge than relational integrity constraints which are rules that enforce the basic and fundamental information essential to any database.

7 0
3 years ago
Twifty Sports Inc. manufactures basketballs for the Women’s National Basketball Association (WNBA). For the first 6 months of 20
Xelga [282]

Answer:

Incremental Analysis for special order

units                                                                   <u>10,000</u>

offer price                                                          $290,000

Variable cost:

Cost of goods sold($22.5 *10,000)     225,000

Selling and Administrative expenses

($2.05*10,000)                                       20,500

shipping cost (0.77*10,000)               <u>    7,700  </u>     <u> (253,200)</u>

Additional contribution                                           <u>  36,800</u>

Explanation:

variable cost goods sold per unit  =  ( 3,633,000 - 960,000)/118800 = $22.5

Variable selling and admin expense per unit = ( 517,540 - 274,000)/118800                  

                                                                         = $ 2.05

8 0
3 years ago
The bonds issued by Stainless Tubs bear an 8 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,00
GenaCL600 [577]

Answer:

8.69%

Explanation:

Face value (FV)=$ 1,000.00

Coupon rate=8.00%

Interest per period (PMT) =$30.00

Bond price (PV)=$ 952.00

Number of years to maturity 11

Number of compounding periods till maturity (N)                                                  22

Bond Yield to maturity RATE(NPER,PMT,PV,FV)*2 = 8.69 %

4 0
3 years ago
Eric and Chris run a non-regulated natural monopoly producing electricity for a small town. The barrier most likely preventing o
alexdok [17]

Answer:

increasing returns to scale

Explanation:

The biggest barrier for other firms are increasing returns to scale. This is because Eric and Chris have their company already established and also have their clientele all hooked up and using their service. This allows them to produce a much higher electrical output for their clients with a certain Income. Newer companies will need a much higher income just to be able to produce a similar electrical output in order to try and compete with Eric and Chris.

5 0
3 years ago
List four people who are likely to play a role in the induction of a new employee?​
RUDIKE [14]

Answer: The answer is personnel manager,Top level management such as Directors, Marketing manager, Safety officer

Explanation:

Induction is the process of introducing the new employees into the organization. During the induction process the new employees are acquainted with the policies, practices and general objectives of the organization. Induction is done with a view to generate the personal interest of the new employees in the organization and also to create the employees enthusiasm for the job and to ensure the employees loyalty to the organization. It involves the explanation of the issues such as history of the organization, products and services, General policies and practices, benefits such as insurance ,retirement and vacation, safety regulation .The following officers are likely to play a role in the induction of new employee

Personnel manager for personnel matters such as the benefits that will accrue to such employees such as insurance, retirement benefit and vacation benefits

Marketing manager to handle products and services offer to the target market by the organization

Top level management such as directors to handle matters such as Organization history and General policies and practices

Safety officer to handle matter such as the safety precaution to be taken by the new employees while doing their job

7 0
3 years ago
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