Answer:
4.86%
Explanation:
Given that,
First-class postage for a 1-ounce envelope = 4 cents
On August 1, 2007
A first-class stamp for the same envelope cost = 41 cents
Period, n = 49 years
i = 1.0486 - 1
= 0.0486 or 4.86%
Therefore, the interest rate is 4.86%.
Answer: Justin's sponsoring broker
Explanation:
From the question, we are informed that Justin, a real estate salesperson with City Brokerage, received a referral fee when he refered a client to Mark, who is another real estate salesperson with City Brokerage.
The person to pay Justin his referral fee will be Justin's sponsoring broker. It should be noted that when another agents gets a referral from an agent, the sponsoring broker is the one who gives the referral fee to the referring agent.
A student with a high academic score
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Logan Corporation has 30 employees, 10 in "A-line," and 20 in "B-line." Logan incurred $180,000 in fringe benefits costs last year.
First, we need to calculate the allocation rate based on number of employees:
Estimated allocation rate= total estimated fringe costs for the period/ total amount of allocation base
Estimated allocation rate= 180,000/30= $6,000 per employee.
Now, we can allocate fringe costs to the A-line:
Allocated fringe costs= Estimated Estimated allocation rate* Actual amount of allocation base
Allocated fringe costs= 6,000*10= $60,000
