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
Vesnalui [34]
3 years ago
6

A homeseller wants to net $75,000. The commission is 9%, the loan payoff is $450,000, and closing costs are $36,000. What must t

he price be (to the nearest $100)?
Business
1 answer:
gregori [183]3 years ago
6 0

Answer:

The home must sell for $616,500 to be able to settle all costs

Explanation:

The net to the formula can be used to ascertain the price of the property , the formula is given below:

Net amount=Sales price*(100%-commission rate)

The net to the seller in this case is the amount that seller would receive and be able to settle mortgage and closing costs and still be left with $75000

Net amount =$75000+$450000+$36000

                     =$561000

commission rate is 9%

$561000=sales price*(100-9%)

$561000=sales price*91%

sales price =$561000/91%

                  =616483.52

But to the nearest $100 is $616500

You might be interested in
Customers who owned Nintendo’s 8-bit video game console were unable to play the same games on the firm’s new 16-bit Super Ninten
Gala2k [10]

Answer:

I would choose B. But im not 100% sure.

Explanation:

5 0
3 years ago
Read 2 more answers
Adriana Corporation manufactures football equipment. In planning for next year, the managers want to understand the relation bet
Delicious77 [7]

Answer:

$50.57 ; $175,573.6

Explanation:

The computation of the fixed and variable portions of overhead costs based on machine-hours using high low method is shown below:

Variable cost per hour = (High Overhead cost - low overhead cost) ÷ (High machine hours - low service hours)

= ($581,145 - $503,775) ÷ (8,020 hours - 6,490 hours)

= $77,370 ÷ 1,530 hours

= $50.57

Now the fixed cost equal to

= High overhead cost - (High machine hours × Variable cost per hour)

= $581,145 - (8,020 hours × $50.57)

= $581,145 - $405,571.4

= $175,573.60

3 0
3 years ago
The job-specific knowledge you need to perform well in a specialized field, known as _______ skills, appear to be most important
agasfer [191]
The answer is technical skills
5 0
1 year ago
Which one of the following does not describe balance of​ trade? a. Balance of trade is the largest item in the current account.
sergeinik [125]

Answer:

c. Balance of trade is equal to the sum of current account balance and financial account balance.

Explanation:

The balance of trade is the difference in value between a country's imports and its exports over time. Balance of trade ( BOT) is expressed in monetary terms. If a country has more exports than imports, it has a positive trade balance or a trade surplus. Balance of trade is also known as international trade balance or trade balance.

Economists use the balance of trade in determining the country's current account. A trade deficit or trade surplus on its own does not mean that the economy is weak or strong in that period. The balance of trade is obtained by subtracting net imports from net exports.

7 0
3 years ago
Assume the Hiking Shoes division of the All About Shoes Corporation had the following results last year​ (in thousands).​ Manage
Artist 52 [7]

Answer:

The​ division's Return on Investment​ (ROI) is 180%

Explanation:

The computation of the return on investment is shown below:

= (Operating income) ÷ (total assets) × 100

= ($​1,800,000) ÷ ($1,000,000) × 100

= 180%

The return on investment shows a relationship between the operating income and the total assets / investment.

The other information which is given in the question is not consider in the computation part. Hence, ignored it

8 0
3 years ago
Other questions:
  • The marginal cost of a product can be thought of as the cost of producing one additional unit of output. For​ example, if the ma
    15·1 answer
  • Suppose a firm manager has a base salary of $85,000 and earns 0.5 percent of all sales. Determine the manager's income if revenu
    15·1 answer
  • The decision-making control in which local units are given autonomy is characteristic of a(n:
    12·1 answer
  • Berning Company purchased a tractor at a cost of $180,000. The tractor has an estimated salvage value of $20,000 and an estimate
    6·1 answer
  • Excelor stock is expected to pay $3.00 per share as its next annual dividend. The firm has a policy of increasing the dividend b
    10·1 answer
  • What is meant by market in the lower-of-cost-or-market rule?
    11·1 answer
  • The skills, abilities and other characteristics needed to perform a job are detailed in a select one:
    9·1 answer
  • On January 2, Dice Co. purchases a mixing machine for $25,500. The machine is expected to last four years and has a salvage valu
    12·1 answer
  • Flesch Corporation produces and sells two products. In the most recent month, Product C90B had sales of $23,490 and variable exp
    11·1 answer
  • Which 2 statements are true regarding the multicurrency function in quickbooks online?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!