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
Sindrei [870]
3 years ago
11

Jim has hired a real estate broker to help facilitate the sale of his home. If the broker requires a commission of 6%, how much

will Jim clear from the sale (after the commission has been paid) if he is able to sell his house for $478,723? (Assume that Jim has already paid off his mortgage.)
Business
1 answer:
Evgesh-ka [11]3 years ago
3 0

Answer:

Jim will receive 449,999.62

Explanation:

We are going to discount the sales commission from the proceeds of the home, this will be the net cash  received from Jim

                             sales price 478,723

commission 6% of 478,723 = 39723.38

net realizable                       449,999.62

(sales price - commisions)

You might be interested in
What objectives of internal controls are of primary interest to an auditor performing a financial statement audit?
Fittoniya [83]

objectives of controls are of primary interest to an auditor performing a financial statement audit--- Accurate and reliable financial reporting.

What are the primary objectives of internal control?

The primary purpose of internal controls is to help safeguard an organization and further its objectives. Internal controls function to minimize risks and protect assets, ensure accuracy of records, promote operational efficiency, and encourage adherence to policies, rules, regulations, and laws.

What are the 5 internal controls in auditing?

There are five interrelated components of an internal control framework: control environment, risk assessment, control activities, information and communication, and monitoring.

Learn more about financing reports:

brainly.com/question/1618296

#SPJ4

8 0
1 year ago
Suppose you are a leader responsible for an organization’s vision/mission statements. How often do you think they should be chan
Roman55 [17]

Explanation:

Vision and mission statements are extremely important for a company to convey its core values ​​to its employees, suppliers and customers. They help communicate the company's identity and provide direction and set goals that are fundamental to organizational success. They are considered the basis of an organization, <u>so it is not recommended that changes in vision and mission are frequent</u>, the reasons that justify the change <u>would be the change of the organizational focus and the evolution of the organizational objectives and expansion of the target audience.</u>

8 0
3 years ago
For what reason do you think fitzgerald interrupted gatsby’s story for the visit from the horseback riders? why doesn’t gatsby u
WARRIOR [948]
Fitzgerald wanted his novel to be mysterious. He need not give out all the information because he wanted the readers to be suspenseful regarding the story. Gatsby doesn't understand how he isn't welcome because he's too naive for thinking he is important.
5 0
2 years ago
After the accountant of Stallone Retailers had prepared the financial statements for the year ended 31 December Year​ 6, the fol
n200080 [17]

The adjusted profit of Stallone Retailers for the year ended December 31, Year 6 is £115,400.

Data Analysis:

1. Motor Van £8,000 Motor running expense £8,000

Depreciation expense  £1,600 Accumulated depreciation £1,600 ( £8,000 x 20%)

2. Cost of goods sold £3,000 Inventory £3,000

3. Drawings  £4,000 Inventory  £4,000

4. Loan  £2,200 Cash  £2,200

<u>Adjustment of Profit</u>

Profit before the errors  £112,000

Adjustments:

Motor running expense   £8,000

Depreciation expense    (£1,600)

Cost of goods sold         (£3,000)

Adjusted profit            £115,400

Thus, the adjusted profit is now £115,400.

Learn more: brainly.com/question/3816206

4 0
2 years ago
What does monatary policy do
mezya [45]

Answer:

<em>Monetary policy</em> consists of management of money supply and interest rates, aimed at achieving macroeconomic objectives such as controlling inflation, consumption, growth, and liquidity.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following variances cannot occur together during the same accounting period? Multiple Choice Unfavorable labor rate
    15·1 answer
  • According to Duffy-Deno (2003), when the price of broadband access capacity (the amount of information one can send over an Inte
    7·1 answer
  • The economic order quantity (EOQ) deals with calculating the proper order size with respect to ____ costs and ____ costs.
    6·1 answer
  • Mason Company paid its annual property taxes of $240,000 on February 15, 20X9. Mason also anticipates that its annual repairs ex
    12·1 answer
  • What is not a common credit card fee
    10·1 answer
  • It is sometimes difficult to determine whether large corporations such as the Carlyle Group, or Wall Street overall, are expandi
    11·1 answer
  • Which of the following terms best describes the cumulative value of net income or loss not taken out of the business?
    10·1 answer
  • The interest charged on a $252000 note payable, at the rate of 6%, on a 90-day note would be (Use 360 days for calculation.)
    15·1 answer
  • An electric power company uses block pricing for electricity sales. block pricing is an example of?
    5·1 answer
  • wayne incurs a $2,000 medical bill. if his health policy has a $1,000 deductible and an 80/20 coinsurance percentage, how much w
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!