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3 years ago

10

A couple listed their home for $237,000. They accepted an offer of $230,000 from a buyer who is obtaining financing with a $46,0

00 down payment. The seller has agreed to pay the agent a commission of 5.5%, which would be

1 answer:

Deffense [45]3 years ago

4 0

$12,650.

$230,000 × 5.5%, or $12,650.

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Productivity is a ratio between the inputs and outputs for which a manager is responsible. function of the number of inputs and

timurjin [86]

Answer: Option (a) is correct.

Explanation:

Correct Option: a ratio between the inputs and outputs for which a manager is responsible.

The productivity refers to the value of output that is produce by a factor of production (For example; labor). It is also tell us about the efficiency of a person or any other factor of production for completing a particular work. Productivity grows as the output increases at a faster rate than the inputs.

5 0

3 years ago

What do salary caps used by sports leagues limit? the amount the league can pay a single payer each year the total amount the le

nlexa [21]

Answer:

the total salaries a league can pay each year

Explanation:

Salary caps used in the sports league by the league organizations basically attempt to limit the salaries of sports persons as the cap is on each league.

This basically helps the league for tax savings as there is limited liability on the league organizers for payment of salary and tax thereon.

This helps in controlling over payment of salary and extra benefits in the form of salary.

Thus correct option is it is cap on payment of salary.

4 0

4 years ago

Kitty Company began operations in the current year and acquired short-term debt investments in trading securities. The year-end

Alla [95]

Answer:

Find below the answers and explanation

Explanation:

First we calculate the Loss or gain on each security

(Subtract the fair value from the security cost

FOR TESLA BOND

Securities Cost = $ 13,500

Fair Value = $ 10,125

Gain or Loss = $13500 - $ 10,125

= $3,375

FOR NIKE BOND

Securities Cost = $22,000

Fair Value = $23,100

Gain or Loss = $22,000 - $23,100

= −1,100

FOR FORD BOND

Securities Cost = $5,500

Fair Value = $4,400

Gain or Loss = $5,500 - $4,400

= $1,100

record the securities at fair value in the balance sheet with their respective gain or loss in profit and loss column by making these entries in the journal

1. For TESLA BOND

Loss on revaluation of investment Debit:$3,375

Investment in Telsa bond Credit: $3,375

To record the loss on telsa investment.

2. FOR NIKE BOND

Nike Investment Debit: −$1,100

Gain on revaluation of investment Credit: −$1,100

To record the Gain on Nike investment.

3. FOR FORD BOND

Loss on revaluation of investment Debit: $1,100

Investment in Ford bond Credit: $1,100

To record the loss on Ford investment.

4 0

3 years ago

Accounting Cycle From the following list of steps in the accounting cycle, identify what two steps are missing: Transactions are

Tresset [83]

Answer:

1. Transactions are analyzed and recorded in the journal.

2.Transactions are posted to the ledger.

3. An unadjusted trial balance is prepared.

4. An optional end-of-period spreadsheet is prepared.

5. Adjusting entries are journalized and posted to the ledger.

6. An adjusted trial balance is prepared.

7. Record adjusting Entries

8. Financial statements are prepared.

9. Closing Entries

10. A post-closing trial balance is prepared.

Explanation:

Accounting Cycle From the following list of steps in the accounting cycle, identify what two steps are missing:

1. Transactions are analyzed and recorded in the journal.

2.Transactions are posted to the ledger.

3. An unadjusted trial balance is prepared.

4. An optional end-of-period spreadsheet is prepared.

5. Adjusting entries are journalized and posted to the ledger.

6. An adjusted trial balance is prepared.

7. Record adjusting Entries

8. Financial statements are prepared.

9. Closing Entries

10. A post-closing trial balance is prepared.

7 0

3 years ago

Read 2 more answers

Calgary Industries is preparing a budgeted income statement for 2018. Predicted sales for the year are $730,000 and cost of good

NeTakaya

Answer:

$186,900

Explanation:

The gross profit is the difference between the sales revenue and the cost of good sold. The gross profit percentage is the ratio of gross profit to net sales expressed as a percentage.

As such, the net operating income/loss is the difference between the sales and the total costs .

To get the net income, we would first get the gross income.

Gross income

= $730,000 - (40% * $730,000)

= $438,000

Next we must compute the net income before tax. This is the difference between the gross income and the operating expenses

= $438,000 - $90,000 - $81,000

= $267,000

Income tax expense = 30% * $267,000

= $80,100

budgeted net income for 2018

= $267,000 - $80,100

= $186,900

8 0

3 years ago