Answer:
The answer is: Each salesperson will receive $1,250
Explanation:
The total commission for this sales operation is $10,000 that will be split equally between the two brokers, so each broker will get $5,000. If the broker hired a salesperson and will pay him 25% of their commission, you must multiply $5,000 x 25% to find out the salesperson´s earnings. For this sale it is $1,250.
Answer:
The correct answer is letter "B": 100.
Explanation:
The mission statement of a company reflects its goal related to the surrounding environment where the firm will take operations. Mission statements must be short and clear with fewer than 150 words if possible but if it can be comprised by 100 the result should be better.
Answer:
C. 8%
Explanation:
Future value factor:
= $18527.74 / $40000
= 0.4631935
At 8% for 10 years the future value factor is 0.4631935
Note: Proof of calculation is attached below as picture
Answer:
$7,560
Explanation:
Calculation to determine APBO at December 31, 2018.
Using this formula
December 31 APBO=(Beginning EPBO*Discount rate)*6/25
Let plug in the formula
December 31 APBO=($30,000 * 1.05) * 6/25
December 31 APBO= $7,560
Therefore APBO at December 31, 2018 is $7,560
Answer and Explanation:
a.
The punitive damages of $80,000 should be involved in the gross income of leigh. The amounts like $15,000 and $6,000 should not be included as this is a physical personal injury except the $3,300 that for the damaged as this amount is untaxable also here the capital is recovered because it decreased the basis by $3,300
b. The $25,000 should be included in the gross income of leigh as it does not occur from the physical personal injury
