Based on the information given his gross sales price will be:$69,149.
Gross sales price:
Using this formula
Gross sales price=Net price/(1-Broker's fee percentage)
Where:
Net price=$65,000
Broker's fee percentage=6%
Let plug in the formula
Gross sales price=$65,000/(1-6%)
Gross sales price=$65,000/94%
Gross sales price=$69,148.9
Gross sales price=$69,149(Approximately)
his gross sales price will be:$69,149.
Inconclusion his gross sales price will be:$69,149.
Learn more about gross sales price here:brainly.com/question/26103201
Answer:
b. a debit to the Income Summary and a credit to the Revenues account for $75,000
Explanation:
As we know that
The closing entries are shown below:
1. Sales Revenue A/c Dr $75,000
To Income Summary A/c $75,000
(Being revenue account closed)
2. Income summary A/c Dr $62,000
To Expenses A/c $62,000
(Being the expenses accounts are closed)
3. Income summary A/c Dr $13,000 ($75,000 - $62,000)
To Owner's capital $13,000
(Being the difference is credited to owners capital)
I donno
i have wasted 130 dollars at fortnite and i am brome
Answer:
A bondholder can sell the bonds he is holding at the current market price.
Explanation:
When it occurs that bonds are called, there will no longer be interest payments on the bonds called. A bondholders then has the option to either sell the bonds he is holding at the current market price or the bonds can be tendered to receive the call price.
In addition, it is also not possible to exchange the old bonds for the new refunding bonds. By implication, any investor that needs the new bonds needs to go and buy it in the market.
Based on the explanation above, it simply means that a bondholder can sell the bonds he is holding at the current market price.
Answer:
The degree of leverage = 5.2
Explanation:
The Degree of Leverage (DOL) measures how a company's operating costs changes with change in sales, by comparing the fixed costs, and variable costs with the selling price. A production process with a high fixed cost amount with respect to variable cost will not change much with changes in sales amount. It in effect seeks to determine what percentage of the total cost is the fixed cost.
The formula for calculating DOL is shown below;
DOL = (selling price - variable cost) ÷ (sales - variable cost - fixed cost)
sales = 2000 units at $40 per unit
∴ selling price = $40 × 2000 = $80,000
variable cost = 35% of selling price = 0.35 × 80,000 = $28,000
fixed cost = $42,000
∴ DOL = (80,000 - 28,000) ÷ (80,000 - 28,000 - 42,000)
= 52,000 ÷ 10,000 = 5.2