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
Readme [11.4K]
2 years ago
12

Joe sells the house he has lived in for 10 years to the Smith family for $300,000. He receives $50,000 more than his original pu

rchase price 10 years ago. Joe pays his real estate agent a 5 percent sales commission. This transaction will increase gross domestic product (GDP) by
Business
1 answer:
jasenka [17]2 years ago
5 0

Answer:

$15,000

Explanation:

Joe has sold the house he has been living in for 10 years to the Smiths family

He sold the house at $300,000

Joe receives $50,000 more than the original price bargained 10 years ago

He pays the real estate agent a commission of 5%

= 5/100

= 0.05

Therefore the increase in gross domestic product can be calculated as follows

= $300,000×0.05

= $15,000

Hence, the transaction will increase the gross domestic product by $15,000

You might be interested in
A franchise can be among the more expensive business to start because
nataly862011 [7]

............................... b...............................

5 0
3 years ago
Read 2 more answers
Morgan is going to give a presentation on how to prepare a tax return. Which of the following would constitute a suitable thesis
sasho [114]

Answer:

The correct answer is a. Preparing a tax return is a fairly simple process, if you know what documents you need.

Explanation:

Terror should not be imposed on people, due to the complexity that in some cases merits the professional advice of an accountant. For this reason, the best thesis that Morgan can use is to make them see that the process does not really involve excessive efforts if you have all the information at hand. The basic premise in tax matters is the organization, the basic knowledge of the standard ensures important levels of trust.

4 0
3 years ago
Price is constant to the individual firm selling in a purely competitive market because
Ulleksa [173]

Answer:

Option C - each seller supplies a negligible fraction of total supply.

Explanation:

Price is constant to the individual firm selling in a purely competitive market because each seller supplies a negligible fraction of total supply.

3 0
3 years ago
The general services administration (gsa was set up as an independent agency _____.
ahrayia [7]
To Take care of the construction and operation of public buildings
3 0
3 years ago
Read 2 more answers
Han Cho has served in the US Army Reserves for two years. He is currently on active duty, stationed outside of the U.S. and is g
sashaice [31]

Answer:

Once Han returns to the US, his civilian employer is required to take him back.

Soldiers who are no longer in active duty and return to civil life again, have the right to return to their previous civilian jobs. Serving in the military is a very important task and soldiers should not be economically hurt because they served their country and employers are required to give them back their old job.

5 0
3 years ago
Other questions:
  • i don't have an assignment rather a life question, i'll be back here though. I'm 17 and i'm going to be applying for college in
    15·1 answer
  • Outstanding stock of the Sheridan Corporation included 35000 shares of $5 par common stock and 10500 shares of 5%, $10 par non-c
    5·1 answer
  • Vladimir is a manager at an automotive plant in the United States. His company has realized it needs to think globally since the
    5·1 answer
  • Career Situation: What Would You Do? For some years now, you’ve owned a small specialty bookshop in a college town. You sell som
    12·1 answer
  • You just obtained a loan of $16,700 with monthly payments for four years at 6.35 percent interest, compounded monthly. What is t
    11·1 answer
  • "Jack owns a local trucking company. With fuel costs being expensive, Jack wants to evaluate how much fuel, on average, he shoul
    6·1 answer
  • Does anyone else like tyler, the creator or is it just me ..?
    14·1 answer
  • Jansen Inc. acquired all of the outstanding common stock of Merriam Co. on January 1, 2019, for $257,000.Annual amortization of
    6·1 answer
  • Vaughn Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been col
    8·1 answer
  • What happens to a monopolistically competitive firm that begins to charge an excessive price for its product?.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!