Based on the commission on the property that Rick sold and the commission split, the amount that Rick is paid for the transaction will be $16,879.50
<h3>How much is the commission?</h3>
The commission on the transaction is:
= Property selling price x total commission percentage
= 341,000 x 5.5%
= $18,755
Rick is to get 90% of this as he split it 90/10 so Rick's commission would be:
= Total commission amount x Rick's share
= 18,755 x 90%
= $16,879.50
In conclusion, out of there entire sales price of the property, Rick will get a commission of $16,879.50
Find out more on commission on sales at brainly.com/question/24951536
#SPJ1
Answer:
0.6
Explanation:
Variable Expense Ratio is calculated by taking Variable Expense and dividing it by Sales. This ratio indicates how much of the variable expense is incurred by company for each $1 Sales.
So, variable expense ratio is .6 or 60% (33,000 / 55,000).
Such questions also require the calculation of Contribution Margin Ratio which is calculated by taking Contribution Margin and Dividing it by Sales. This ratio tells us how much the company generates after covering variables expenses when the sales are $1.
So, Contribution Margin Ratio is .4 or 40% (22,000 / 55,000).
Answer: $18,700
Explanation
Net cash provided by the operating activities = $108,000
Add: Net cash provided by the financing activities = $16,000
Less : The net cash used for the investing activities = $118,500
The net increase in Cash will now.be:
= ($108,00 + $16,000) - $118,500
= $5,500
Add: Cash at the beginning of the year. This will be:
= $5500 + $13,200
= $18,700
Ending cash balance will be $18700
Answer:
get better off
get worse off
Explanation:
Import are goods or services produced in other countries that are brought into a country.
Import tariff is a form of tax imposed on imported goods. import tariff increases the price of import. the purpose of import is to discourage import
Intermediate good are goods used in the production of finished. An example of an intermediate good is raw materials
When an import tariff is imposed on an intermediate good, producers that use the intermediate goods would be worse off because the price of intermediate goods needed for production would increase as a result of the tariff. This would increase their cost of production and reduce their profit margins
While the producers of the intermediate good in the country would be better off because they would face less foreign competition. Also, they would benefit from the increased price of the intermediate good. This would increase their profit margins.
