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Verizon [17]
3 years ago
9

Kevin, a real estate broker, sold a property and received a 6-1/2% commission. Kevin gave the listings broker 30% of the commiss

ion, or $3,575. What was the selling price of the property?
Business
1 answer:
Mama L [17]3 years ago
4 0

Answer:

the selling price of the property is $183,333

Explanation:

The computation of the selling price of the property is as follows:

= (Price ÷ commission percentage) ÷ ( commission percentage)

= ($3,575 ÷  30%) ÷  (6.5%)

= $183,333.

Hence, the selling price of the property is $183,333

We simply applied the above formula so that the correct value could come

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If aggregate planned expenditures in the economy increase by $100 million, then real GDP will _____ $100 million.
nirvana33 [79]

Answer:

Real GDP will rise by $100 million

Explanation:

Aggregate Demand [AD] is total amount of goods & services, all sectors of an economy are planning to buy . So AD = Aggregate Planned Expenditure [APE]

Aggregate Supply [AS] is total amount of goods & services, all sellers are planning to sell. As total output value of goods & services produced is distributed among factors of production, AS = National Income [NY] = GDP

At equilibrium : AD or APE =  AS or NY or GDP

If AD or APE increases by $100 million :

AD or APE  > AS or Aggregate Planned Production or GDP . This implies willingess to buy > willingness to produce. So, inventory levels will fall below desired level. To mantain inventory level, production [AS] & income level [GDP] will rise till it becomes equal to risen AD or APE

So, GDP will also rise by $100 million

6 0
3 years ago
Which formula should be used to correctly calculate the<br> monthly mortgage payment?
Charra [1.4K]
What’s the question
7 0
4 years ago
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an
Anon25 [30]

Answer:

-0.028870144

Explanation:

The computation of the annual rate of return on this sculpture is shown below:

We have to find the compound annual growth rate which is

= (Ending value ÷ Beginning value)^ (1 ÷ time period) - 1

= ($10,605,500 - $12,643,500)^ (1 ÷ 6) - 1

= -0.028870144

The six year comes from

= The Year 2015 - the year 2009

= Year 6

Basically, we applied the above formula so that the annual rate of return could come

3 0
4 years ago
The single most common form of competition in the U.S. is perfect competition among firms with differentiated products. monopoli
likoan [24]

The single most common form of competition in the U.S. is A. perfect competition among firms with differentiated products.

<h3>What is Market Competition?</h3>

This refers to the different pricing systems that exist in a market system that allows people to outmaneuver their competition.

Hence, we can see that the United States has capitalism where profit is the main goal and the single most common form of competition in the U.S. is perfect competition among firms with differentiated products.

Read more about perfect competition here:

brainly.com/question/4190313

#SPJ1

7 0
2 years ago
PLEASE HURRY I HAVE 10 MIN
Sauron [17]

Answer:

She can use a page break

Explanation:

Considering the situation of Irma, to be sure that every page is understood, "she can use a page break."

This is because the page break function in Microsoft Excel is used to define pages separately. It ensures the user ends a page without filling it with text.

Hence, this will enable Irma to adequately define each of the pages very well such that the readers can easily understand where each page or text stops in the pages.

7 0
3 years ago
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