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Advocard [28]
3 years ago
11

A broker needs $5950 to pay her irs tax lien. she has the opportunity to list a property at fair market value of $85000. what wo

uld her listing commission rate need to be in order to pay her debt assuming she will pay 2.8% to the selling broker?
Business
1 answer:
Lisa [10]3 years ago
7 0
<span>$5950 / $85000 = 7% + 2.8% = 9.8%</span>
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Answer:

B) Limited partnership

Explanation:

Limited partnership is one where the partners involved are liable only to the extent to which they contributed to the partnership.

Also some partners only contribute financially. That means they shielded to the extent of their contribution.

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It also has the advantage of being a business in which the active partner will not be forced to pay off any business debts from their personal assets.

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4 years ago
Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bibb Co. for $83,000. The appra
algol [13]

Answer:

The cost should be recorded for the land is $15,150

Explanation:

In order to calculate the cost should be recorded for the land we would have to calculate the following formula:

cost should be recorded for the land=(Appraised value of land/Appraised value of land and building)*combine cost of land and building

Appraised value of land=$23,000

Appraised value of land and building=$23,000+$103,000=$126,000

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The cost should be recorded for the land is $15,150

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3 years ago
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