Answer:
Howe receives $304,500 from the issue
Explanation:
The bond issue price is made up of the 99% price plus the interest accrued from the last date of interest payment to the date of bond purchase.
The amount to be received from the bond issuance is calculated thus:
99% price 300*$1000*99% $297,000
Accrued interest 3/12*10%*$1000*300 $7,500
Total amount received from the issue $304,500
Since the next payment of interest would be paid to the buyer,it is expected that the buyer pays the seller for interest accrued on the date of purchase that would eventually be paid to the buyer
40 million is the correct answer
If it is a binding price floor, when the law is repealed, quantity demanded increases and quantity supplied decreases.
If it is a binding price ceiling, when the law is repealed, quantity demanded decreases and quantity supplied increases.
<h3>What is a price floor and a price ceiling?</h3>
A price floor is when the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
To learn more about price floor, please check: brainly.com/question/26551616
Answer:
A) the associate may pay the salary and withhold taxes, but the broker must pay commissions.
Explanation:
The sales associate works for the broker and his/her assistant works for him. Therefore the sales associate is responsible for paying the assistant's salary and withhold taxes since he is the employer. But since the assistant will also earn 20 percent of the sales associate's commissions, that should be paid by the broker directly (80% to the sales associate and 20% to the assistant).
<span>Personal selling requires the two-way flow of communication between a buyer and a seller, often in a face-to-face encounter, designed to influence a person's or a group's purchase decision. When meeting with people in person, it allows for conversation to flow back and forth smoothy and communication is much better. Having face-to-face meetings allows the buyer and seller to connect on a different level then if it were email, phone or another type of communication.</span>
