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
coldgirl [10]
3 years ago
10

The sellers, Mr. and Mrs. Hernandez, listed their property for $112,000 and agreed to an exclusive right to sell listing agreeme

nt at a 4% commission to be paid to Lucky Nines Estate Company at closing. The sellers sold the property themselves during the listing period for $106,000. How much commission, if any, would Lucky Nines Real Estate Company be entitled to at closing?
Business
1 answer:
snow_lady [41]3 years ago
4 0

Answer:

$4,240

Explanation:

A listing contract is a contract between the owner of a property and real estate broker. It's a legal document that gives the real estate broker the rights to sell your home.

In this case, since the house was sold by the owners during the listing period, the real estate company is entitled to the 4% on sale agreed upon.

Thus,

Commission entitled = 106,000 × 4%

= 106,000 × 0.04

= $4240

You might be interested in
Saturn Industries purchased and consumed 64,000 gallons of direct material that was used in the production of 17,000 finished un
Nikitich [7]

Answer:

The actual price = $1.08

Explanation:

The standard material price can be worked out as follows:

<em>Step 1: Work out the standard price of material  using the material usage variance</em>

Standard price = Material usage variance/(standard quantity of material - actual quantity)

Standard quantity of material = standard qty per unit × actual production

                                              = 4 × 17,000 =68,000

Standard price =  2,800/(68,000-64,000)= $0.7

<em>Step 2 : Work out the Actual material price using the material price variance</em>

Material price variance = (Standard price - Actual price )× Actual quantity of material

6,400 =  (y - 0.7) ×  17,000

6400 = 17,000y  - 11,900

17,000 y = 6,400 + 11,900

y = 18,300/17,000= 1.08

The actual price = $1.08

5 0
3 years ago
The situation where one person's demand for a good depends on the consumption of the good by others is called a
ehidna [41]

Answer:

Network externality is the correct answer.

Explanation:

7 0
3 years ago
The use of multiple distribution channels that integrate organizations' brick-and-mortar stores with websites, catalogs, and app
Vsevolod [243]

Answer:

Multi channel marketing

Explanation:

It is an approach used by company to provide different way  to customer for buying products and services. it include various mode of retailing like, from store direct, from using websites, from mail, by telephones etc.

The main reason behind multi channel retailing is to sold as many as products and provide different way for customer satisfaction. it provide opportunity to customer to compare different product on different websites

7 0
3 years ago
Which do you think is better?/Which do you prefer? FedEx or UPS?
GrogVix [38]

Answer:

I personally like UPS because most of the times I have to send documents or goods domestically and UPS is very well known for its domestics shipments and I also prefer it because of its low rates as compared to FedEx which has higher rates. I am also comfortable with UPS because of its customer services. They respond to your query very quickly and try to resolve it as soon as possible. Their first priority is always their customers.

7 0
3 years ago
The current market price of a share of Disney stock is $60. If a call option on this stock has a strike price of $65, the call c
erastovalidia [21]

Answer:

Is out of the money

Explanation:

A strike price is a particular price which if activated, derivative contracts can be sold or bought. Derivatives are considered as products in finance where underlying assets are major determinants of their value.

The stock price is considered as the current price that a share of stocks is sold and bought on the market.

Because the strike price is $65 and the stock price (market price) is $60, Disney is out of money and cannot be exercised profitably.

7 0
3 years ago
Other questions:
  • A requirement that customers receive a receipt is an example​ of:
    5·1 answer
  • Results from Nedlog Company are as follows: Operating Income $8486 Total Assets $15262 Current Liabilities $3869 Sales $34655 Ta
    14·1 answer
  • If your organization performs nonroutine tasks in a complex environment and you wanted to empower the managers closest to the en
    10·1 answer
  • Suppose the price of Vanilla Coke increases by 9% and quantity demanded falls by 13% overall, but only 4% for loyal Coca-Cola cu
    11·1 answer
  • 1. Which Response core capability involves ensuring the capacity for timely communications in support of security, situational a
    6·1 answer
  • Most child care providers will never find themselves caring for a child with asthma.
    11·1 answer
  • Critical analysis Q8 When actual output exceeds an economy’s full-employment output, how will the self-correcting mechanism dire
    15·1 answer
  • Daniela is a member of a team at a company that handles promotions for minor-league baseball clubs. Daniela’s manager has been r
    7·1 answer
  • With his parents' permission, David, a ten-year-old, purchased a plastic snow sled from Kmart. He went sledding, lost control, h
    14·1 answer
  • When the Fed buys securities from the public, banks' reserves ________ and the quantity of money ________.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!