Based on estate management definitions, a real estate agent who writes up a contract to purchase a home provides <u>Possession</u> utility.
This is because a <u>Possession</u> utility is a term used in estate management services to describe the proportion of suitability or perceived value from owning a product.
Therefore, in this case, a real estate agent providing possession utility for a home creates a financing term toward possession of the home.
This possession utility is expected to lead to a high chance of home sales.
Other types of economic utility include the following:
Hence, in this case, it is concluded that the correct answer is "<u>Possession</u> utility."
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Answer:
Break-even point (dollars)= $150,000
Explanation:
Giving the following information:
Selling price= $130
Unitary variable cost= 130*0.6= $78
Fixed costs= $40,000
Desired profit= $20,000
<u>To calculate the sales in dollars to reach the desired profit, we need to use the following formula:</u>
<u></u>
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
Break-even point (dollars)= (20,000 + 40,000) / [(130 - 78) / 130]
Break-even point (dollars)= 60,000 / 0.4
Break-even point (dollars)= $150,000
Answer:
LPD's projected gross profit for April is $70.000 (B)
Explanation:
We can define Gross Profit as follows:
<u>Sales - Cost of goods sold</u>
In our case, we need to find the gross profit for April:
Projected Sales: $350.000
Cost of goods: <u> -$280.000 ($350.000 * 80%)</u>
Gross Profit: $ 70.000
The other information can help us to define cash management, because they are related with payments, for example: sales collected, cost payments or cash balance.
The net worth is considered to be the number of money you actually have on your bank account/in your wallet. The net worth is the amount of money one actually has. This is the amount of money you have after taxes and after paying all contributions/expenses.