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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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Answer:

$ 25000 can be deducted under the exception for real estate

Explanation:

of the $26,000 real estate passive activity loss generated, $ 25000 can be deducted under the exception for real estate. The limit is of special allowance of  $25000.

7 0
3 years ago
General-purpose financial statements are the product of:____.
Neko [114]

General-purpose financial statements are the product of: <u>both financial and managerial accounting.</u>

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<h3>What is the definition of general purpose financial statements?</h3>

The general definition of financial statements is to provide information about the effects of operations, financial position, and cash flows of an organization. This information is employed by the readers of financial statements to make judgments regarding the allocation of resources.

<h3>What are the three general objective financial statements?</h3>

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5 0
1 year ago
Which of the following funds of a governmental unit uses the same basis of accounting as an enterprise fund?
ycow [4]

Answer:

The correct answer is a. Special revenue.

Explanation:

A special revenue fund is an account established by a government to raise money that must be used for a specific project. Special income funds provide an extra level of responsibility and transparency to taxpayers that their taxes will be used for a specific purpose.

Example: A city could establish a special income fund to pay the costs associated with stormwater management. The money from this fund could only be used for stormwater management expenses, such as street sweeping, sewer and ditch cleaning, system maintenance and a public awareness campaign. The city would have to publicly report where it raised the money from the special income fund and how it spent the budget of the special income fund.

3 0
3 years ago
What trait are narcissists likely to have that is associated with leader emergence but not effectiveness?
Evgen [1.6K]

Answer:

c. high creativity

Explanation:

Narcissistic personality disorder is characterized by the behavior of an individual who has a great need to feel admired, this individual has a mental disorder that leads him to have an exacerbated perception of himself and his characteristics, having a vanity and a sense of very strong self-importance.

The characteristic that narcissists probably have and is associated with the emergence of the leader, but not effectiveness, may be high creativity, as such individuals can be creative in the sense of self-valuing themselves and their personal achievements, leading to even making up stories to feel valued, while the creativity present in a leader is focused on a vision of the business and management of a company and people, so it is correct to say that a leader's creativity aims to make business more efficient and improve working conditions of its employees.

7 0
3 years ago
Controlling the money supply to achieve desired macroeconomic goals is called
Sergio [31]

Answer:

The answer is monetary policy

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3 years ago
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