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Bas_tet [7]
3 years ago
11

If licensee Sarah receives 35 percent of a total commission from her broker, then what is Sarah's broker's share if the property

sold for $23,000, and the commission was on a 6% basis?
Business
1 answer:
dmitriy555 [2]3 years ago
8 0

Answer:

$897

Explanation:

The cost price is $23,000

The commission is 6%

Total commissions paid = 6/100 x $23,000

=0.06 x $23,000

=$1,380

If Sarah receives 35 %, then the broker gets 65 % the commission.

65% of $ 1, 380

=65/100 x 1380

=.65 x 1380

=$897

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An individual retirement account, or IRA, earns tax-deferred interest and allows the owner to invest up to $5000 each year. Joe
gavmur [86]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Jill:

Weekly deposit= $96.15

The number of weeks= 30*52= 1,560

Interest rate= 0.098/52= 0.00189

Joe:

Annual deposit= $5,000

Number of years= 30 years

Interest rate= 9.8%

To calculate the final value of Jill and Joe, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= weekly/annual deposit

<u>Jill:</u>

FV= {96.15* [(1.00189^1,560)-1]} / 0.00189

FV= $916,853.88

<u>Joe:</u>

FV= {5,000*[(1.098^30)-1]} / 0.098

FV= $791,953.50

7 0
3 years ago
Considering your program options is step _______________ of the planning process.
gizmo_the_mogwai [7]
Considering your program options is STEP TWO of the planning process. 
The planning process is made up of five steps, which are:
1. determine your personal goals
2.consider your program options
3. Set SMART goals; that is, let your goals be specific, measurable, attainable, realistic and timely 
4.Structure your program and document it
5. Keep a log and evaluate your program.
4 0
3 years ago
Auditors consider fi nancial statement assertions to identify appropriate audit procedures. For
user100 [1]

Answer:

a) 3

b) 4

c) 1

d) 6

e) 2

f) 5

Explanation:

6 0
3 years ago
abc has a $5 million liability at december 31, 2018, of which $1 million is payable in each of the next five years. abc reports
lisabon 2012 [21]

abc  should reports the liability on the balance sheet as a: $1 million current liability and a $4 million long-term liability.

<h3>Liability</h3>

The liability will appear in the balance sheet as:

Current liability (Payable)= $1 million

Long term liability=$5 million-$1 million

Long term liability=$4 million

Therefore abc  should reports the liability on the balance sheet as a: $1 million current liability and a $4 million long-term liability.

Learn more about liability here:brainly.com/question/24534918

#SPJ11

8 0
2 years ago
You and the other shoe store owners decide to fix your shoe prices at $60 a pair in order to maximize your profits. This is call
igomit [66]
Is called collusion

It's actually price collusion to be precise ( not to be mistaken for the crime collusion)

Often time, to attract customers, sellers will offer a lower price than their competitor. Though it may attract more customer, it will lower their profit.

In price collusion, all sellers is guaranteed to have same product price and profit margin, creating a perfect competition market for that product
6 0
3 years ago
Read 2 more answers
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