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12345 [234]
3 years ago
9

Doug's house was listed for $635,000. The property eventually sold for $615,000. The agreed upon commission was 5%. How much did

Doug pay in commissions at the closing of the property...?
Business
1 answer:
adelina 88 [10]3 years ago
6 0

Answer:

$30,750

Explanation:

Calculation for How much did Doug pay in commissions at the closing of the property

Using this formula

Amount of Commission paid=Property sales amount×Commission percentage

Let plug in the formula

Amount of Commission paid=$615,000×5%

Amount of Commission paid=$30,750

Therefore the amount that Doug pay in commissions at the closing of the property will be $30,750

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There are several reasons why a consumer might be reluctant to adopt a new product. For example, a consumer might be reluctant t
ASHA 777 [7]

Answer:

E. the product is not compatible with existing habits

Explanation:

Looking for a greater sale of our products, sometimes we embark on monumental battles, trying to modify the way customers see the world.

However, experience indicates that this rarely happens. And when it happens, it is because there have been millionaire investments in media and product tests to try to convince a small part of the population to change their behavior.

Especially for entrepreneurs with limited resources, trying to change consumption habits is a long-term effort. It is necessary to invest significant resources to stimulate demand, which is also likely to end up benefiting competition equally.

You are incentivizing a new product category, in which new players will want to participate, once you have made the investment to educate the market. So you must prepare to get the most out of your effort.

5 0
2 years ago
Read 2 more answers
Lowell Corporation paid $80,000 to acquire all of Boston Company's net assets. Boston reported assets with a book value of $60,0
Pavel [41]

Answer:

Lowell Corporation

The amount that will be recorded as goodwill by Lowell Corporation to record its investment in Boston is:

= $5,000.

Explanation:

a) Data and Calculations:

Investment in Boston Company = $83,000

Fair value of assets = $98,000

Fair value of liabilities  23,000

Net value of assets = $75,000

Goodwill = $5,000 ($80,000 - $75,000)

b) Acquired Goodwill is the difference between the cost of purchasing Boston Company ($80,000) and the net identifiable assets of Boston Company ($75,000).  The net identifiable assets are calculated by subtracting the fair value of the liabilities from the fair value of the assets.

3 0
3 years ago
Janet bought a share of stock for $47.50 that paid a dividend of $.72 and sold one year later for $51.38. What was her dollar pr
LiRa [457]

Answer:

Dollar profit/loss= $4.6

Holding period of return = 9.68%

Explanation:

Janet bought a share of stock for $47.50

Dividend paid is $0.72

The stock was sold later at $51.38

The first step is to calculate the dollar profit/loss

= stock after a year - cost of stock + dividend paid

= $51.38 - $47.50- $0.72

= $4.6

The holding period return can be calculated as follows

= dollar profit/loss ÷ purchasing price of stock

= 4.6/47.50

= 0.0968×100

= 9.68 %

6 0
2 years ago
Free market economies offer distribution methods for goods and services based on _____ .
Rasek [7]
Free market economies offer distribution methods for goods and services based on ''price''.

Answer: C) Price.
6 0
3 years ago
Read 2 more answers
Jamison Company developed the following reconciling information in preparing its June bank reconciliation: Cash balance per bank
Alex787 [66]

Answer:

c. $15,065

Explanation:

In bank reconciliation the book balance is adjusted using some adjustments made by the the bank and still pending by the business. We make an adjusted balance of cash book balance and bank statement balance to reconcile the amounts.

Cash balance per book 6/30    $13,000

+ Note receivable                      $4,000

- Bank charges                          $35

- NSF check                               <u>$1,900  </u>

Adjusted Cash book balance   <u>$15,065</u>

Note receivable is received in the bank but not been recorded by the business. It will be added to the balance because it will increase the balance.

Bank charges are deducted by the bank but not been recorded by the business it will be deducted.

NSF check have already added by the balance but its not been cleared. So it needs to be deducted form the Book balance.

3 0
3 years ago
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