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Ainat [17]
3 years ago
6

Jonathan recently sold his home and was able to take home $423,000 after paying the real estate broker's commission of 6%. If th

e buyer was ultimately found through a buyer broker, the dollar commission will need to be split between the listing broker and buyer broker. If the buyer broker is entitled to 40% of the commission, what is her share of the commission rounded to the nearest dollar?
Business
1 answer:
nordsb [41]3 years ago
7 0

Answer:

$10,800

Explanation:

What Jonathan took home was after paying the commission which means that the amount is 94% because 6% is the commission paid. This means that 6% of the amount can be found by:

6% of the Gross amount (per-commission)

= Amount * %age we want / %age we are at = ($423000 * 6%/94%) = $27,000

And out of this $27000 the amount she received is 40% so 40 percent is $10,800 ($27000 * 40%).

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A small foundry agrees to pay $220,000 two years from now to a supplier for a given amount of coking coal. The foundry plans to
MaRussiya [10]

Answer:

A) $24,602

Explanation:

We can solve this question by finding the periodic deposits needed by using the formula:

FV=PMT*\frac{(1+i)^n-1}{i}

where:

FV= future value   = $220,000

PMT = periodic deposits required = ???

i = effective  interest rate per period = 0.0331

n= number of deposits = 8

However, since the interest is compounded monthly, let's also  calculate the effective interest rate

Effective interest rate = (1+\frac{r}{m}) ^m-1

where; r = 12.5% = 0.125

(1+\frac{0.125}{12})^{12} -1

= 0.1324

Interest rate per period = \frac{0.1324}{4}

= 0.0331

Then;

220,000=PMT*\frac{(1+0.033)^8-1}{0.033}

220,000 = PMT × 8.986

PMT = \frac{220,000}{8.986}

PMT = $ 24,482.5

Since A) $24,602 is closer to $ 24,482.5

Therefore,  $ $24,602  must be deposited every three months

3 0
3 years ago
PLEASE QUICK 30 POINTS!!!!!! Which of the following programs completes similar functions as those completed by Microsoft® Publis
Misha Larkins [42]

<em>Answer:</em>

<em>D) Microsoft world</em>

<em>Explanation:</em>

<em>Because Microsoft Publisher is a graphic design application that is similar to Microsoft Word but differs in the fact that its emphasis lies more on page layout and design, and less on word composition and formatting. </em>

6 0
2 years ago
Please help, easy multiple choice question<br>whoops meant to put it in art
AVprozaik [17]

Answer: The answer that is correct is the last one, which is shape.

I hope this helped!

5 0
2 years ago
Read 2 more answers
Transactions On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the
Bess [88]

Answer:

Joy Tucker

Indication of the effect of each transaction and the balances after each transaction:

1. Opened a business bank account with a deposit of $36,000 in exchange for common stock.

Assets increased + $36,000 (Cash $36,000) = Liabilities + Equity increased + $36,000 (Common stock $36,000)

2. Purchased office supplies on account, $1,800.

Assets increased + $1,800 (Cash $36,000, Supplies $1,800) = Liabilities increased + $1,800 (Accounts payable $1,800) + Equity (Common stock $36,000)

3. Received cash from fees earned for managing rental property, $6,750.

Assets increased + $6,750 (Cash $42,750 , Supplies $1,800) = Liabilities increased (Accounts payable + $1,800) + Equity increased + $6,750 (Common stock + $36,000 + Retained Earnings $6,750)

4. Paid rent on office and equipment for the month, $5,000.

Assets decreased - $5,000 (Cash $37,750, Supplies $1,800) = Liabilities increased (Accounts payable + $1,800) + Equity decreased - $5,000 (Common stock + $36,000 + Retained Earnings $1,750)

5. Paid creditors on account, $1,375.

Assets decreased - $1,375 (Cash $36,375, Supplies $1,800) = Liabilities decreased - $1,375 (Accounts payable $425) + Equity (Common stock + $36,000 + Retained Earnings $1,750)

6. Billed customers for fees earned for managing rental property, $9,500.

Assets increased +$9,500 (Cash $36,375, Supplies $1,800, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity increased +$9,500 (Common stock + $36,000 + Retained Earnings $11,250)

7. Paid automobile expenses for month, $840, and miscellaneous expenses, $960.

Assets decreased -$1,800 (Cash $34,575, Supplies $1,800, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity decreased -$1,800 (Common stock + $36,000 + Retained Earnings $9,450)

8. Paid office salaries, $3,600.

Assets decreased -$3,600 (Cash $30,975, Supplies $1,800, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity decreased -$3,600 (Common stock + $36,000 + Retained Earnings $5,850)

9. Determined that the cost of supplies on hand was $350; therefore, the cost of supplies used was $1,450.

Assets decreased -$1,450 (Cash $30,975, Supplies $350, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity decreased -$1,450 (Common stock + $36,000 + Retained Earnings $4,400)

10. Paid dividends, $3,000.

Assets decreased -$3,000 (Cash $27,975, Supplies $350, Accounts receivable $9,500) = Liabilities decreased (Accounts payable $425) + Equity decreased -$3,000 (Common stock + $36,000 + Retained Earnings $1,400)

Explanation:

The above transactions show their effects on the accounting equation, which states that assets = liabilities + equity.  Each transaction has some effects on the assets with equal effects on either the liabilities or equity.  This implies that the equation is always in balance.  It is the basis of the double-entry system of accounting.

4 0
2 years ago
A business that repairs major appliances charges a flat fee and hourly amount plus the cost of any needed parts. they know that
nikdorinn [45]
Error in true mean = +/-Z*\frac{s}{ \sqrt{n} }

Where; Z=2.58 at 99% confidence interval, s= sd = 0.25 hours, n=sample population = 60 refrigerators

Therefore;

Margin of error = +/-2.58*\frac{0.25}{ \sqrt{60} } = 0.0832 hours
5 0
3 years ago
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