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krek1111 [17]
4 years ago
11

/99187236/real-estate-national-exam... A seller wants to sell his house and pay off a mortgage of $43,000. He will have attorney

's fees of $2,500, and he needs to net $30,000 cash. If he has to pay a 6% commission to his broker, what does the selling price need to be? Select one: A. $80,319 B. $80,030 C. $80,000 D. $85,000
Business
1 answer:
Romashka-Z-Leto [24]4 years ago
5 0

Answer:

A. $80,319

Explanation:

As for the information provided, we have:

Mortgage amount to be Paid = $43,000

Attorney's fees = $2,500

Cash required to be in hand = $30,000

Commission to be paid = 6% of selling value.

Therefore, let selling value be X

Then:

X - $43,000 - $2,500 - 0.06X = $30,000

0.94X = $30,000 + $2,500 + $43,000 = $75,500

X = $75,500/0.94 = $80,319

Therefore, the selling price of the house shall be $80,319

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<h3>What are the core values in a company?</h3>

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In the case of Ikea, it is a company that emerged in Sweden that has led the market for the sale of furniture and other household items that has stood out for its business values.

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3 years ago
PB4.
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Answer:

The process cost summary is given below.

A-Total Material Cost                  = $22,500

B-Total Conversion costs           = $95,625 (45,625+50,000)

C-Units transferred out              = 40,000

D-Ending Inventory                    = 10,000

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G-Equivalent cost per unit of material = $0.5 (A/E)

H-Equivalent cost per unit of conversion costs = $ 2.25 (B/F)

I-Equivalent cost per unit = $2.75 (G+H)

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K-Cost Of Ending Inventory = $ 8,125 (H*(F-C) + (5000*0.5))

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