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The Bourassas decide to sell a home for $440,000. They are charged a real estate commission of 8% of the selling price, title in

ololo11 [35]

The amount received net of expenses is $397865 and the percentage of the sale price was 10%.

Given that Bourassas decides to sell a house for $ 440,000. You will be charged a real estate fee of 8% of the sale price, property insurance of 1.4% of the sale price, and an escrow fee of $ 775.

The declared retail price is $ 440,000.

Real estate commission = 8% of the sale price

Real Estate Fee = (8/100) × 440000

Real Estate Fee = 8 × 4400

Real Estate Fee = $ 35,200

Security insurance costs of the title = 1.4% of the sale price

Cost of title insurance = (1.4 / 100) × 440 000

Cost of title insurance = 1.4 × 4400

Title Insurance Cost = $ 6160

The escrow fee assigned is $ 775.

(a) In determining the amount received after deducting the sale price of the property commission, title insurance and escrow fees, we receive

Amount received after fees = sale price - real estate commission - title insurance - escrow fees

Amount received after fees = 440000-35200-6160-775

The amount received after fees = $397865

(b) To find the percentage of sale price, add together all the terms real estate commission, title insurance and escrow fees and divide by the sale price we get

Percentage of selling price=((35200+6160+775)/440000)×100

Percentage of sale price = (42135/440000) × 100

Percentage of sale price = 9.57

Percentage of sale price = 10% (rounded down)

Hence Bourassas decides to sell a house for $440,000, then the amount Bourassas will receive after expenses is $397,865 and the percentage of the sale price of expenses is 10%.

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8 0

2 years ago

A person suspects a standard number cube is not so standard. Another person rolls this cube 100 times, and it lands on a six 42

Ksju [112]

Answer:

The chance of an average six-sided number cube landing one one number is 1/6, or approximately 16.67%. When rolling a number cube 100 times, the average number of times it lands on any specific number should be fairly close to 16.67.

A 6 being rolled 42 times and 33 times means that it is <em>very likely</em> not to be a standard number cube. Although we cannot know for certain, the chance of this happening is very low.

3 0

3 years ago

work for a publishing company. The company wants to send two employees to a statistics conference. To be fair, the company deci

NISA [10]

Answer:

Step-by-step explanation:

Here is the complete question.

Dominique, Marco, Roberto , and John work for a publishing company. The company wants to send two employees to a statistics conference. To be fair, the company decides that the two individuals who get to attend will have their names drawn from a hat. This is like obtaining a simple random sample of size 2. (a) Determine the sample space of the experiment. That is, list all possible simple random samples of size n = 2. (b) What is the probability that Dominique and Marco attend the conference? (c) What is the probability that John attends the conference? (d) What is the probability that John stays home?

Since there are four employees to select the two to send from. then for us to get the sample space for the experiment we need to merge all possible two employees and represent them as set.

Let D = Dominique, M = Marco, R = Roberto and J = John

a) The sample space for the experiment is the total number of possible outcomes that we can have. It is as given below

S = 4C2 = 4!/(4-2)!2! (Selecting 2 out of 4 employees)

Total sample space = 4!/2!2!

Total sample space = 4*3*2!/2!2

Total sample space = 12/2 = 6

The sample space are S = {DM, DR, DJ, MR, MJ, RJ}

b) Probability is the ratio of number of event to the sample space.

P = n(E)/n(S)

Given n(S) = 6

n(E) is the event of Dominique and Marco attending the conference.

E = {DM}

n(E) = 1

P(D and M) = 1/6

Hence the probability that Dominique and Marco attend the conference is 1/6

c) For John to attend the conference, the event outcome will be given as;

E = {DJ, MJ, RJ}

n(E) = 3

n(S) = 6

Probability for John to attend the conference is 3/6 = 1/2

d) Probability that John stays at home = 1 - Prob (John attends the conference)

Probability that John stays at home = 1 - 1/2

Probability that John stays at home = 1/2

7 0

3 years ago

If the Semi Monthly is $4,000

Andreyy89

Disclaimer- this is all assuming that "semi monthly" means twice a month. if it doesn't, ignore this answer

A- if semi monthly is half a month, then 4 times 2 is 8, and 8 times 12 is 96,000.

B- If there are 4 weeks in a month and 4000$ accounts for half of that pay, then the weekly pay is 2000, making the bi-weekly pay 1000.

C- The monthly pay is 8,000$ because 4,000 x 2 is 8,000

D- The weekly pay is 2,000$ because the monthly pay is 8,000$ and there are 4 weeks in a month

E- I do not know the hours at this job and therefore cannot answer this

4 0

3 years ago

Forty children from an after-school club went to the matinee.This is 25% of the children in the club.How many children are in th

Korvikt [17]

25% = 0.25

40 / 0.25 = 160

40 is 25% of 160.

There are 160 children in the club.

7 0

3 years ago