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faltersainse [42]
3 years ago
10

Phillip is a real estate investor. He flips homes: He buys undervalued homes and sells them at a higher price later to make a pr

ofit out of the price difference (these kind of people are called flippers). He does not do any repairs to the houses he buys. In May 2020 he bought a house built in 1997 for $1,300,000 and sold it two months later for $1,500,000. Not bad.! The real estate agent got 6% of the sale price as her commission. As a result of these transactions, the 2020 GDP increased by_________ dollars.
Business
1 answer:
FrozenT [24]3 years ago
5 0

Answer:

90,000

Explanation:

Recall that, GDP which is the gross domestic product is the total monetary value of all final goods and services produce within a country geographical boundary for a period of time say one year.

In this case, since the house was built in 1997, it can't be counted as part of 2020 GDP as sale of second hand houses isn't included in GDP.

However, the commission received by the agent can be added to the current GDP.

Thus

Given that

Commission = 6% = 0.06

Sale price = 1500000.

Thus, agent fee in dollars

= 0.06 × 1500000

= $90,000

Therefore, $90,000 will be included in the GDP.

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saveliy_v [14]
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8 0
3 years ago
As a manager your organization is constantly confronted with a variety of changes in the market or a wide range of situations. Y
boyakko [2]

Answer:

C. Michael

Explanation:

The least preferred coworker scale is a method used to determine the leadership style of individuals. It was developed by Fred Fiedler and American scholar.

When a person gives positive feedback on coworkers they are more relationship oriented and get a high LPC score.

For those that give negative feedback on coworkers, they are task oriented and will get low LPC scores.

Relationship oriented style is used when employees are experienced and know what to do, while task oriented leadership is needed when the team is less experienced or results need to be delivered in a short time.

The organization is constantly confronted with a variety of changes in the market or a wide range of situations. So this requires a mix of both relationship and task oriented leadership to adapt to changing organisational needs.

Michael is the best option with middle LPC score.

7 0
3 years ago
A judge requires Harry to make a payment to Sally. The judge says that Harry can pay her either $10,000 today or $12,000 two yea
Stells [14]

Answer:

d. 9 percent

Explanation:

After 2 years the value of $10,000 at present time =

$10,000 * (1 + x / 100)^2 = $12,000

(1 + x / 100)^2 = 12,00 / 10,000

(1 + x / 100)^2 = 1.2

The square root of 1.2 is 1.0954

(1 + x / 100) = 1.0954

x = 9.54

9%( Approximately.)

7 0
3 years ago
A Nasdaq-listed stock currently shows an inside market of 15.50 - 15.75, 10 x 10. A broker-dealer that is not a market maker in
tresset_1 [31]

Answer:

cross trade

Explanation:

In simple words, A cross trade can be understood as a transaction  when purchase and sell requests for the identical instrument are balanced alone without transaction being recorded on the market. Whenever a stockbroker performs matching buy and sell transactions for about the exact securities across several customer accounts plus reports these on an interchange, this is known like a cross transaction.

8 0
3 years ago
Assessment
faust18 [17]

Answer:

false cause people they alr on the stock market

6 0
3 years ago
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