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
If your college leadership sought your advice on setting tuition, why would it matter if your college was the only college for m
gizmo_the_mogwai [7]

Answer:

yes, it would matter, because you want to get the best out of it

Explanation:

6 0
3 years ago
Jon is the marketing head at Avion International, an import-export agency. His calendar is filled with: meetings with heads of t
HACTEHA [7]

Answer: Option D

Explanation: As per the job characteristics theory an employee who is performing a job which have a high variety of task to complete and require some special skills will feel more motivated and satisfied than others.

In the given case, Jon has a feeling that his job makes him to perform new task everyday, that's why, he never gets board with his job.

Hence from the above we can conclude that the correct option is D.

5 0
3 years ago
The extent to which the income from individual transactions is affected by fluctuations in foreign exchange values is known as
Salsk061 [2.6K]
<span>The extent to which the income from individual transactions is affected by fluctuations in foreign exchange values is known as Transaction Exposure.</span><span />
8 0
3 years ago
Read 2 more answers
Suppose that the price of product x rises by 20 percent and the quantity supplied of x increases by 15 percent. The coefficient
SSSSS [86.1K]

Answer: Coefficient of elasticity of supply is 0.75.

Explanation:

Price elasticity of supply measures the responsiveness of quantity supplied to a change in the price of the good. It can be measured using the percentage point method,

e_{s} = \frac{Percentage change in Quantity supplied}{Percentage change in price}

=\frac{15}{20}

=0.75

Therefore, coefficient of elasticity of supply is 0.75. Since it is less than 1 we can infer that supply for this good is relatively inelastic.

3 0
3 years ago
Partners Dennis and Lilly have decided to liquidate their business. The following information is available:
fgiga [73]

Answer:

Partners Dennis and Lilly have decided to liquidate their business. The following information is available:

Cash $100,000 Accounts Payable $100,000

Inventory $200,000 Dennis, Capital $120,000

Lilly, Capital $80,000

$300,000 $300,000

Dennis and Lilly share profits and losses in a 3:2 ratio. During the first month of liquidation, half the inventory is sold for $60,000, and $60,000 of the accounts payable is paid. During the second month, the rest of the inventory is sold for $45,000, and the remaining accounts payable are paid. Cash is distributed at the end of each month, and the liquidation is completed at the end of the second month.

1. Using a safe payments schedule, how much cash will be distributed to Dennis at the end of the first month?

a. $36,000

b. $64,000

c. $60,000

d. $24,000

2. Using a safe payments schedule, how much cash will be distributed to Lilly at the end of the first month?

a. $40,000

b. $24,000

c. $64,000

d. $16,000

4 0
3 years ago
Other questions:
  • 75 of 100 - jim inherited a property that has not been maintained in years, the property needs new appliances, a roof, new sidin
    7·1 answer
  • Kent Manufacturing produces a product that sells for $50.00. Fixed costs are $260,000 and variable costs are $24.00 per unit. Ke
    13·1 answer
  • When looking for capital, bankers and other lenders will usually feel most comfortable investing in a/an
    7·1 answer
  • In December, McCullum Corporation sold 2,900 units of its only product. Its total sales were $281,300, its total variable expens
    14·1 answer
  • At June 30, Almond Co.'s cash balance was $10,012 before adjustments, while its ending bank statement balance was $10,772. Check
    12·1 answer
  • When a manufacturing company uses direct​ materials, it assigns the cost by debiting A. Direct Materials. B. ​Work-in-Process In
    15·1 answer
  • Explain how banks can create money.
    5·1 answer
  • cnn.com runs a story reporting that the consumer confidence index has risen. having taken an economics class, you predict that s
    10·1 answer
  • More abundant leisure increases ______, but it ______ real gdp.
    7·1 answer
  • Oriental Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment in depr
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!