1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
irga5000 [103]
3 years ago
9

Broker Burns is negotiating a first trust deed loan for buyers. The buyers have signed a contract for a fifteen year loan. What

is the maximum commission for Broker Burns?
1. Five percent of the principal of the loan.
2. Ten percent of the principal of the loan.
3. Fifteen percent of the principal of the loan.
4. Two percent of the principal of the loan.
Business
1 answer:
Harrizon [31]3 years ago
8 0

Answer:

The answer is 2. Ten percent of the principal of the loan

Explanation:

By law, maximum commissions for first trust deed loans are at :

- 5% of the principal for loans less than 2 years or less than 3 years

- 10% of the principal for loans 3years and more.

Second trust deed loans, on the other hand, are stated at 5% for loans up to 2years, 10% for loans between 2-3 years and 15% for loans more than 3 years.

You might be interested in
How do job seekers use the bureau of labor statistics occupational outlook handbook
Allisa [31]

Answer:

They explore general information about many types of jobs.

Explanation:

3 0
3 years ago
Free rider problems are everywhere. For example, some restaurants let each food server keep his or her own tips. Other restauran
Gennadij [26K]

Answer:

Check the explanation

Explanation:

a. Gains from being nice = $60

reason: outcome for being nice = $100; outcome for being mean = $40 So the gains from being nice = 100 - 40 = 60

b. Average mean server earnings = $40 (given)

Average nice server earnings = $ 100 (given)

  Change in tips per server if all of the servers switch from being mean to being nice = $60 (100 - 40)

c. Individual payoff of my becoming nice = $6

reason: Total number of servers = 10

Change to the tip pool with my change in behavior from mean to nice = $60

My share in this change = 60/ 10 =6

d.  1-I am more likely to be nice when I keep my own tips.

reason: I can keep $100 if I am nice. But in a tip pool, some of the others may be mean. This will bring the pool amount lower, thereby my share may be less than $100. So I prefer to keep my own tips.

4 0
3 years ago
Anna and ben are up for the same promotion at work. when it comes time to make a decision, the management committee chooses ben
12345 [234]
I believe that Anna has just encountered a glass ceiling. 
This means that Anna has encountered a barrier that her from rising to the level of management committee through promotion simply because she is a woman.This term is extended to refer to the obstacles that hinder the advancement of minority women. It is often difficult for minority women to rise to ranks  simply because of their responsibilities, color and discrimination. In this case, Anna being a good mother to her children makes the management think that she wont want more responsibilities. 
3 0
3 years ago
Read 2 more answers
FedEx Corp. stock ended the previous year at $113.39 per share. It paid a $0.40 per share dividend last year. It ended last year
Maslowich

Answer:

$4,110 and 12.08%

Explanation:

The computation of the dollar return and the percent return is shown below:

Dollar Return = (Ending Value − Beginning Value) + Income  earned

where,

Ending value is

= $126.69 × 300 shares

= $38,007

Beginning value is

= $113.39 × 300 shares

= $34,017

And, the income earned is

= Dividend per share paid × number of shares owed

= $0.40 × 300 shares

= $120

So, the dollar return is

= $38,007 - $34,017 + $120

= $4,110

And, the percentage return is

= (Dollar return ÷ Beginning value) × 100

= ($4,110 ÷ $34,017) × 100

= 12.08%

3 0
3 years ago
What is the median of this<br> data?<br> 3, 4, 7, 6, 1
masha68 [24]

Answer:

7

Explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • The proposition that an increase in the federal budget deficit caused entirely by a current tax cut has no effect on aggregate d
    12·1 answer
  • Which is better,FBISD or Alief ISD (only 1 answer)
    13·1 answer
  • Which professionals would most likely use heavy equipment and specialized Tools in their line of work
    13·1 answer
  • Murphy &amp; Johnson is a privately owned manufacturer of small motors for lawnmowers, tractors, and snowmobiles. The components
    7·1 answer
  • Alfred Zeien, former chairman of Gillette, once noted that his company's Parker Pen unit does not have to develop a special mode
    11·1 answer
  • Which of the following was the result on appeal in Securities and Exchange Commission v. Texas Gulf Sulphur Co, the case in the
    5·1 answer
  • Logan Company can sell all of the standard and premier products they can produce, but it has limited production capacity. It can
    7·1 answer
  • A company makes travel umbrellas. Its fixed costs are $1000 a week and its variable costs for one batch of umbrellas are $500 fo
    8·1 answer
  • Opportunity costs are classified as ____ costs in project analysis. multiple choice question. irrelevant sunk relevant intangibl
    11·1 answer
  • The experience of the great recession showed that when the economy is in a recession, from a keynesian perspective, the governme
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!