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
Andre45 [30]
3 years ago
12

A property was sold for $200,000. The total commission for the transaction was 6%. The listing broker and buyer's broker agreed

to split the commission 50/50. If the buyer's broker's real estate agent was responsible for the sale of the property and receives a 65/35 split with his broker, how much commission is paid to the real estate agent?
Business
1 answer:
Varvara68 [4.7K]3 years ago
4 0

Answer:

$3,900

Explanation:

The computation of the commission paid to the real estate agent is shown below:

= Sale value of the property × total commission percentage × split percentage × split ratio

= $200,000 × 6% × 50% × 65%

= $3,900

We simply multiplied the sale value of the property with the total commission percentage with the split percentage and the split ratio so that the commission should be paid

You might be interested in
Jaycee Auto Repair has the following budgeted costs for the next year: Time Charges Material Charges Shop employees’ wages and b
liraira [26]

Answer:

Explanation:

Total cost of repairs:

Material = 3,500

Material loading charge = 3,500 * 65% = 2,275

Labor (45hrs* $47per hr) = 2,115

Thus, total cost =(3500 + 2275 + 2115) = $7,890

4 0
3 years ago
Dyan, the owner of expert restoration services, inc., adheres to the "principle of rights" theory. under this theory, a key fact
gulaghasi [49]

Affects the rights of others.

The principal of rights theory says individuals should have the maximum freedom and rights and those are only limited if the rights would infringe on rights of other people

4 0
4 years ago
Read 2 more answers
Over a​ five-year span, the Acme Company reduced the amount of labor it hired. At the same​ time, the marginal productivity of l
White raven [17]

Answer:

D) all of the above

Explanation:

Probably the single most labor reducing factor is new technology and how it is applied within a business. Automation is probably the single most important labor reducing factor in the US over the last 30 years. This is specially for factory workers, since automation is responsible for fewer industry jobs, not China.

New technologies increase marginal returns for labor and they also have changed organizations completely.

Computers, the internet, smartphones, Amazon, etc., have changed our world. Even the military has changed, a pilot can be located inside a US base and his airplane is flying a mission in the Middle East.

8 0
3 years ago
When merchandise purchased on account is returned under the perpetual inventory system, the buyer would debit a. Inventory b. Pu
Keith_Richards [23]

Answer:

Accounts payable

Explanation:

In accounting, the term accounts payable refers to the money that is owed by a business to its suppliers, in other words, it refers to the business' short-term debts.

When merchandise is purchased on account and it is returned under the perpetual inventory system, the buyer would then debit accounts payable since it is money that the company would owe to the buyer.

4 0
3 years ago
Your brother announces at Thanksgiving Dinner that he is thinking of becoming a day trader. What questions might you ask him to
Travka [436]

1) Has he diversified his portfolio within the 11 sectors?

2) Does he go for capital appreciation stocks or dividend stocks?

3) How much time does he spend studying a company's financials (10K form) and charts?

4) Who is his favorite investor? Warren Buffet for picking great stocks and holding for many many years or someone like  Bill Ackman who is a bit deceptive on his trading tactics (over the summer he said 'Hell is coming' a signal thought by many as "panic sell" whilst he was buying heavily)

5) What is the number he is seeking to retire? There's usually a number ranging from $1M and $200M.

6) Maybe ask him if he is seeking to get licensed as a CMT (reading chart patterns)?

Hope this helps, either way best of luck to him!

4 0
3 years ago
Other questions:
  • Suppose during 2017 that Federal Express reported the following information (in millions): net sales of $34,450 and net income o
    7·1 answer
  • Notes or accounts receivables that result from sales transactions are often called A. non-trade receivables.B. trade receivables
    8·1 answer
  • The following transactions for March have been journalized and posted to the proper accounts.
    8·1 answer
  • The Bear Rug has sales of $811,000. The cost of goods sold is equal to 63 percent of sales. The beginning accounts receivable ba
    10·1 answer
  • Suppose warren buffet withdraws $1 million from his checking account at chase bank. if the required reserve ratio is 20 percent
    6·1 answer
  • Corporate managers who fail to give due consideration to the rights of employees and other concerned groups in the pursuit of pr
    6·1 answer
  • Maureen, the owner of a boutique, studies the spending pattern and consumer behavior of the people in the area in which her stor
    9·1 answer
  • 1. What is the difference between a MIS and formal market research?
    12·1 answer
  • Face when buying one of your favorite foods.
    13·1 answer
  • Company Company A Company B Forecasted return 7% 11% Standard deviation of returns 8% 23% Beta 1 3 The market risk premium is 6%
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!