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
Alona [7]
2 years ago
12

If a seller needs to net $50,000 after the sale, how much must the real estate sell for if the selling costs include a 7% commis

sion and $1,200 in other expenses
Business
1 answer:
Masja [62]2 years ago
4 0

Answer:

$55,054

Explanation:

Calculation for how much must the real estate sell for

Sales price =($50,000 + 1,200)/(100% - 7%)

Sales price=$51,200/0.93

Sales price =$55,053.76

Sales price =$55,054 (Approximately)

Therefore the amount that the real estate must sell for if the selling costs include a 7% commission and $1,200 in other expenses will be $55,054

You might be interested in
The first step in creating a budget is to identify your expenses. true or false.
sergij07 [2.7K]

The answer is True. Hope this helps


5 0
3 years ago
Read 2 more answers
What is global economy
AURORKA [14]

The term “Global Economy” is a term that refers to all of the economies of the world.

Sometimes this phrase is also used to discuss the international economy, or all economies around the world, and refers to how interdependent different countries economies are on each other.

7 0
3 years ago
What is the single most important factor in determining the success or failure
kumpel [21]
The answer is Communication
4 0
3 years ago
If you returned a $5 federal reserve note to the fed, you could receive:
QveST [7]
If you returned a $5 federal reserve note to the fed, you could receive five 1$ bills, t<span>he FED or the Federal Reserve system is the central bank of the United States. Congress created the Federal Reserve through a law enacted in 1913, giving it the responsibility of promoting a solid banking system and a thriving economy.</span>
7 0
3 years ago
Accounts receivable in an existing business:
Artemon [7]

Answer:

The correct answer is letter "A": are rarely worth their face value.

Explanation:

Accounts receivables are notes issued to customers after selling them a product or rendering services on credit. The repayment term may vary from 30, 60 or 90 days. If an account receivable is not paid after that period it could be considered as an uncollectible account which implies the company will incur losses.

<em>Accounts receivable are hardly ever accepted at face value (real value of the moment of the purchase) because companies add the interest rate that is to be charged for the sale on the account.</em>

4 0
3 years ago
Other questions:
  • Sql has built-in functions, which are also called ____________________ functions.​
    15·1 answer
  • Bonita uses the periodic inventory system. For the current month, the beginning inventory consisted of 7300 units that cost $12.
    14·1 answer
  • You have an opportunity to invest in Australia at an interest rate of 8%. Moreover, you expect the Australian dollar (A$) to app
    12·1 answer
  • Amy wants to invest money for two years. She doesn’t know which investment is best for her. What should Amy do?
    12·2 answers
  • All of the following statements regarding retained earnings are true exceptA. retained earnings represents a claim on cash.B. a
    14·1 answer
  • Explain how firms decide how much labor to hire to produce a certain level of output
    8·1 answer
  • Dean's Coffee Shop makes a blend that is a mixture of two types of coffee. Type A coffee costs Deon $4.75 per pound, and type B
    6·1 answer
  • The Back Room just paid an annual dividend of $1.50 a share. The firm expects to pay dividends forever and to increase the divid
    9·1 answer
  • Comic books originally published in japan​
    11·1 answer
  • 1.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!