There are 650 homes.
Owners list their homes on the average, every six years.
Therefore average number of homes listed per year is
650/6 = 108.333 homes
If a sales associate lists 40% of the homes in a year, she can expect to list
40%*108.333 = 0.4*108.333 = 43.33
We cannot have fractional homes, so the sales associate lists 43 homes per year.
Answer: 43 homes
Answer:
The correct answer is letter "B": willing to pay money (reduce their income) to enforce their own sense of fairness.
Explanation:
The "ultimatum game" is an economic strategy in which two individuals are gathered knowing they will see each other only once. The first individual is in charge of proposing an offer on diving an amount of money. If the second individual rejects the offer neither one of them gets anything. If the second individual accepts the offer, the first individual obtains what was demanded and the rest goes for the second individual.
Thus, <em>the "ultimatum game" shows how someone (the second individual) could turn down a unique offer that does not meet his or her demands. This, with plain knowledge the offer another individual could provide, might be worse, thus, reducing the chances to obtain what is desired for defending his or her sense of fairness.</em>
Answer:
Standard cost= $88 per unit
Explanation:
Giving the following information:
Its specifications call for 2 square yards of wool per coat. The budgeted price of wool is $44 per square yard.
To calculate the standard cost per unit, we need to multiply the total direct material quantity per unit for its unitary cost.
Standard cost= 2sq*$44= $88 per unit
Answer:
Explanation:
The journal entries are shown below:
1. Bonds payable A/c Dr $1,900,000 (1,900 × $1,000)
To Discount on bonds payable $37,000
To Common stock $1,140,000 ($10 × 60 shares × 1,900)
To Additional paid-in capital in excess of par $723,000
(Being the conversion of bonds is recorded and the remaining balance is credited to the Additional paid-in capital in excess of par)
Answer:
b. 9.01%
Explanation:
In this question, we use the Rate formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $1,080
Future value or Face value = $1,000
PMT = 100
NPER = 15 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the yield to maturity is 9.01%