Commission paid by the building owner to the property Manager for the new tenant is $4575.
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What is a Commission?</h3>
A brokerage receives compensation for delivering a customer who signs a lease by way of a rental commission. Frequently, rental commissions are stated as months of rent or as a percentage of the annual rent.
The calculation for the Commission of Property Manager:
Commission = Total annualised rent x percentage of Commission
= (795 x 12 x 3 + 1200 x 12 + 900 x 12) x 8.5%
= 53820 x 8.5% = $4,575
Commission for the property manager = $4,575.
Thus, a rental commission, a brokerage is paid for bringing a consumer who signs a lease. The commission for the property manager is $4,575.
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This would be a general partnership because both parties are responsible equally.
They should try to take free online school classes
A recession is a time in an economy whereby trade and industrial activities is low.Economists believe that towards the end of this period is the best to start a business due to the following reasons: at this time things are more affordable as there is low circulation of money in the economy. Low-interest rates on loans thus credit is cheaper. Additionally, there will be less competition as the money is in the hands of few people during this time. Finally, many people want to save money and thus clients will be on the lookout for more affordable alternatives.
Solution:
Activity Units Units cost Cost of Goods Available
Beginning Inventory 11 $65.00 $715
1st week purchase 11 $66.00 $726
2nd week purchase 11 $67.00 $737
3rd week purchase 11 $70.00 $770
4th week purchase 11 $75.00 $825
Units available for sale 55
Cost of goods available for sale $3,773
