From the law on the mortgage brokers, the maximum commission that is charged would be 10 percent of the principal loan because the loan ahs a period of more than 3 years.
<h3>Who is a mortgage broker?</h3>
This is the term that is used to refer to the intermediary or the middle man that brings mortgage borrowers and lenders together.
The fee or the commission that they have to earn based on the fact that is for 4 years would be 10 percent.
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Solution:
Given,
The sums of consumer cash earned during the year ending December 31, 2019 were $314,000 and accounts receivable were lowered by $42,000.
Sales on account for the year ended December 31, 2019 :
Credit sales = Cash collected + Increase / ( Decrease ) of accounts receivable
Credit sales = $ 314,000 - $ 42,000
Credit sales = $ 272,000
The first Year of your business’s operations
Under a <u>premium-price emphasis</u>, a business designs products that possess unique attributes or characteristics for which customers are willing to pay more.
When businesses wish to charge more for their products than their rivals do, they employ a premium pricing approach. The intention is to make consumers believe that because the products are more expensive, they must be of superior quality than similar things. The business is staking on the assumption that the customer won't do any research to determine whether the product is really of superior quality. Marketers hope that consumers will take the brand name as a guarantee that their product is superior to that of the competition. Higher profit margins, more difficult entry barriers for rivals, and an increase in brand value across the board are all benefits of a premium pricing strategy.
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Answer:
$3.33 per share
Explanation:
Given that,
Common stock, $1 par = $1,040,000
Stock dividend = 25% on its common stock
Net income = $4,400,000
Dividend paid to stockholder's = $65,000
Stock dividend:
= Shares at January 1 × 25%
= 1,040,000 × 25%
= 260,000 shares
Earnings per share:
= (Net income - Preferred dividend) ÷ (Shares at January 1 + Stock dividend)
= ($4,400,000 - $65,000) ÷ (1,040,000 shares + 260,000 shares)
= $4,335,000 ÷ 1,300,000
= $3.33 per share