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valentinak56 [21]
3 years ago
9

Your seller wants to net $100,000 after the 5% commission is paid. Assuming no closing costs, at what price does the home need t

o sell for the seller to net this amount?
Business
1 answer:
AleksandrR [38]3 years ago
3 0

Answer:

The home needs to sell for $105,263.16 for the seller to receive net of $100,000.00

Explanation:

The amount that the home needs to sell can derived from the net to seller's formula given as: Net to seller = Sale Price * (100% - commission rate)

Net to seller=$100000

Sale price is unknown

commission rate is 5%

$100000=sale price*(100%-5%)

$100000=sale price *95%

sale price =$100000/95%

sale price =$105263.16

For the seller to receive $100000 after 5% commission the property must e sold for $105,263.16

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Lyons Company deducts insurance expense of $210,000 for tax purposes in 2021, but the expense is not yet recognized for accounti
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Answer:

$42,000

Explanation:

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Key Points

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3 years ago
Race, religion, type of dwelling, gender, brand last purchased, and buyer/nonbuyer are examples of:______.
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Answer:

$97,000

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