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enot [183]
3 years ago
11

A seller wants to net $100,000 after paying the broker 5% and paying off his loan balance of $200,000. He will also pay document

ary stamps on the deed of $2100. What must the property sell for to cover all costs and net the seller his desired amount
Business
1 answer:
mr_godi [17]3 years ago
4 0

Answer: $318,000

Explanation:

The amount that the property must sell to cover all costs and net the seller his desired amount would be:

= ($100,000 + $200,000 + $2100) / (100% - 5%)

= $302,100 / 95%

= $302,100 / 0.95

= $318,000.

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The analytic technique utilized after an adverse event occurs to prevent its recurrence is called?
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The analytic technique utilized after an adverse event occurs to prevent its recurrence is called Root cause analysis.

<h3>What are the root cause analysis five steps?</h3>
  • Root cause analysis is a technique for problem-solving used in science and engineering to determine the underlying reasons of errors or issues.
  • It is frequently utilized in areas like information technology operations, telecommunications, industrial process control, accident investigation, and the healthcare sector.
  • Realize the Issue: To start, you must decide what went wrong.
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  • Make any necessary adjustments.
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To learn more about the Root cause analysis, refer to the following link:

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1 year ago
Name a car manufacture that are not included in this list
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Answer:

KIA, Hyundai

Explanation:

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2 years ago
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Forrester Company is considering buying new equipment that would increase monthly fixed costs from $276,000 to $544,500 and woul
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Answer:

The correct answer is E.

Explanation:

Giving the following information:

Forrester Company is considering buying new equipment that would increase monthly fixed costs from $276,000 to $544,500 and would decrease the current variable costs of $60 by $15 per unit. The selling price of $100 is not expected to change.

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 544,500/ [(100-45)/100]

Break-even point (dollars)= $990,000

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The following totals for the month of April were taken from the payroll register of Magnum Company. Salaries $12,000 Social Secu
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d. credit to Salaries Payable for $8,600

Explanation:

<em>The journal entry would be as follows.</em>

Magnum Company

Payroll Journal

Particulars                            Debit                    Credit

Salaries                       $12,000  Debit

Federal Income taxes withheld                       2,500 Credit

Social Security & Medicare taxes withheld      900 Credit

Salaries Payable                                               $8,600 Credit

Unemployment taxes are paid by the employer . They are not deducted from the employees' wages . They include both the federal and state taxes.Social Security & Medicare taxes withheld $ 900 include the  Social Security & Medicare taxes  $ 900.

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