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
Rudiy27
3 years ago
14

How do most real estate agents get paid?

Business
1 answer:
Alchen [17]3 years ago
8 0

Answer by JKismyhusbandbae: They get paid due to the amount of houses they sell and how big and worth the house is. Although real estate agents make money through commissions paid directly to brokers when transactions are settled.

You might be interested in
Typical Corp. reported a deferred tax liability of $6,000,000 for the year ended December 31, 2017, when the tax rate was 40%. T
Alex_Xolod [135]

Answer:

Income tax expense (Balancing figure) $13,200,000  

          To Deferred tax liability (8% × $15,000,000)  $1,200,000

          To Income tax payable ($30,000,000 × 40%)  $12,000,000

(Being the income tax expense is recorded)

Explanation:

The compound journal entry is shown below:

Income tax expense (Balancing figure) $13,200,000  

          To Deferred tax liability (8% × $15,000,000)  $1,200,000

          To Income tax payable ($30,000,000 × 40%)  $12,000,000

(Being the income tax expense is recorded)

For recording this, we debited the income tax expense as it increased the expenses and at the same time it also increased the liabilities i.e deferred tax liability and income tax payable so it would be credited

6 0
3 years ago
Following are Nintendo's revenue and expense accounts for a recent calendar year.Net sales ¥ 1,014,345 Cost of sales 626,379 Adv
elena-14-01-66 [18.8K]

Answer: These transactions can be journalized as follows :-

Explanation: Since the entries are closing entries these would be recorded at year end :-

Dec 31.  Sales a/c Dr  ¥ 1,014,345

                 To income a/c ¥ 1,014,345

         (Being revenue account closed)

Dec 31.  Income a/c Dr  ¥ 936,724

                 To cost of sales a/c  ¥626,379

                 To advertising expense a/c ¥ 96,359

                 To other expense a/c  ¥213,986

         (Being expenses account closed)

Dec 31.  Income a/c Dr  ¥77,621

                  To retained earnings ¥77,621

          (Being excess income transferred)

4 0
2 years ago
Stanley-Morgan Industries adopted a defined benefit pension plan on April 12, 2021. The provisions of the plan were not made ret
Valentin [98]

Answer:

1. Projected Benefit Obligation 2021 $260,000

Projected Benefit Obligation 2022 $623,000

2.Plan assets 2021 $270,000

Plan assets 2022 $577,000

3. Pension expense 2021 $260,000

Pension expense 2022 $336,000

4.Net pension asset 2021 $ 10,000

Net pension liability2022 $46,000

Explanation:

1. Computation for Projected benefit obligation

for 2021 and 2022

Projected Benefit Obligation 2021

($)

Balance, January 1, 2021 $0

Service cost $260,000

Interest cost (5% x $0) $0

Benefits paid ($0)

Balance, December 31, 2021 $260,000

Projected Benefit Obligation 2022

Balance, December 31, 2021 $260,000

Service cost $350,000

Interest cost $13,000

(5% x $260,000)

Benefits paid($0)

Balance, December 31, 2022 $623,000

2. Computation for 2021 and 2022 Plan assets

Plan assets 2021

Balance, January 1, 2021 $ 0

Actual return on plan assets (10% x $0) $0

Contributions, 2021 $$270,000

Benefits paid ($0)

Balance, December 31, 2021 $270,000

Plan assets 2022

Balance, December 31, 2021 $270,000

Actual return on plan assets $27,000

(10% x $270,000)

Contributions, 2022 $280,000

Benefits paid (0)

Balance, December 31, 2022 $577,000

3. Computation for Pension expense for 2021 and 2022

Pension expense – 2021

Service cost $260,000

Interest cost (5% x $0) $0

Expected return on the plan assets $0

(10% x $0)

Pension expense $260,000

Pension Expense – 2022

Service cost $350,000

Interest cost $13,000

(5% x $260,000)

Expected return on the plan assets($27,000)

(10% x $270,000)

Pension expense $336,000

4. Computation for Net pension asset/liability for 2021 and 2022

2021

PBO $260,000

Less Plan assets $270,000

Net pension asset, Dec. 31, 2021 $ 10,000

2022

PBO $623,000

Less Plan assets $577,000

Net pension liability, Dec. 31, 2022 $ 46,000

3 0
3 years ago
You are the manager of a firm that produces products X and Y at zero cost. You know that different types of consumers value your
arlik [135]

Answer and Explanation:

a)

If you charge $40 for X then everyone will buy as everyone is willing to pay atleast $40. this means all three groups buy that is 3*1000 buyers.So profit from X = 3000*40= $120,000

And since everyone is willing to willing to pay atleast $60 for Y again all three groups will buy so profit from Y =3000*60=$180,000

profits=$300,000

b)

If you charge $90 and $160 for X and Y respectively you will have only 1000 buyers for each product as others are unwilling to pay this much.

So profits = 1000*90 + 1000*160=$250,000

c)

for a bundle of X and Y buyers are willing to pay a total of $150, $210 and $200 across the three categories.

So everyone will buy a bundle of 1 X and 1 Y.

profits = 150*3000= $450,000

d)

If you charge $210 only the second will buy as they are willing to pay that much so profits =1000*210=$210,000

Also by selling X at $90 group 1 will buy X; profits=1000*90=$90,000

and by selling Y at $160 group 3 will buy Y; profits=1000*160=$160,000

total profits =$460,000

8 0
3 years ago
When positive externalities are present in a market a. private benefits will be greater than social benefits. b. social benefits
Oxana [17]

Answer:

b. social benefits will be greater than private benefits

Explanation:

Positive externalities can be defined as those that produce positive effects for society in relation to the consumption of a good or service.

This is because the social benefit is the sum of the private benefit plus the sum of the external benefit.

An example of positive externality pertinent to the present is the fact that vaccinating people generates greater positive effects on society, because when vaccinating an individual there is less chance of having more people infected with some disease.

So it is correct to say that the social benefits will be greater than the private ones. Letter b.

5 0
3 years ago
Other questions:
  • Jan. 3 Loaned $21,600 cash to Trina Gelhaus, receiving a 90-day, 7% note. Feb. 10 Sold merchandise on account to Bradford &
    10·1 answer
  • Deydey hollows out a piece of basswood to make a trough . if one makes trough by hollowing something out, what does trough mean
    10·2 answers
  • Absco Enterprises meticulously follows all laws and regulations and attempts to satisfy ethical​ requirements, but it does not g
    7·2 answers
  • True or false: the lower the interest rate the lower the present balue of a set of mult
    15·1 answer
  • For each of the scenarios below, determine whether the employer is likely to be discriminating against a person because of age:
    9·1 answer
  • Which of the following statements characterizes the growth stage of the product life cycle?
    10·1 answer
  • Laura and Martin obtain a 20​-year, ​$150 comma 000 conventional mortgage at 10.0​% on a house selling for ​$170 comma 000. Thei
    12·1 answer
  • What is the principal difference between less developed and more developed countries with regard to the percentages of primary,
    11·1 answer
  • Companies typically prepare ______ financial statements each accounting period.
    13·1 answer
  • Iowa enacts a law that restricts certain kinds of advertising to protect consumers from being misled. This law would likely be h
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!