Complete question :
Eddie sells furniture and earns 12% commission. This week he sold a couch for $1234, a bedroom suite for $1789, and a chair for $563. Calculate Eddie's commission.
Answer:
$717.20
Explanation:
Given that :
Percentage commission earned on sale = 12%
Cost of items sold this week:
Couch = $1234
Bedroom suite = $1789
Chair = $563
Total cost of items :
($1234 + $1789 + $563) = $3586
Commission of 20% on sales :
20% of $3586
0.2 * $3586
= $717.20
Answer:
Sharrod's deductible loss = stock basis + long term capital gains - cash distribution = $140,000 + $21,000 - $84,000 = $77,000
Sharrod's suspended loss = share of ordinary loss - deductible loss = $84,700 - $77,000 = $7,700
Sharrod's new basis in Kaiwan stock = $0
Explanation:
Sharrod's loss cannot be greater than his basis, that is why only $77,000 can be deducted and $7,700 can be carried forward.
Answer:
$66.67
Explanation:
Using dividend growth model
P0 =
Where P0 = Current market price of share
D1 = Dividend at year end
Ke = Expected return
g = growth percentage
Since D1 has been provided we will take D1 else formula is D0 + g for calculating D1
Putting the values as provided we have
P0 =
= = $66.67
Answer:
PV= $450,909.1
Explanation:
Giving the following information:
Cash flow (Cf)= $24,800
Growth rate (g)= 3.5%
Discount rate (i)= 9%
<u />
<u>To calculate the present value, we need to use the following formula:</u>
PV= Cf / (i - g)
PV= 24,800 / (0.09 - 0.035)
PV= 24,800 / 0.055
PV= $450,909.1
Answer:
b.
Explanation:
According to my research on the UCC, I can say that based on the information provided within the question the offer is governed by the UCC and will be enforced because it is signed and in writing. The UCC enforces any contract or offer that is officially signed by offering party, especially when dealing with purchases of goods valued $500 or more. Since the contract is still valid for another month when the administrator tried to use the discount then Kiko must honor it.
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