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
Romashka [77]
3 years ago
15

Mr. Smith's house was listed at $325,000. The property eventually sold for $365,000. The agreed upon commission was 5%. How much

did Mr. Smith pay in commissions at the closing of the property...
Business
1 answer:
GuDViN [60]3 years ago
8 0

Answer:

Amount of commission = $18,250

Explanation:

Given:

Listed price = $325,000

Sales price = $365,000

Commission rate = 5%

Find:

Amount of commission

Computation:

Amount of commission = Sales price x Commission rate

Amount of commission = $365,000 x 5%

Amount of commission = $18,250

You might be interested in
Your client has called for help with that bank fees in QuickBooks Online you began by asking them to open the bank and tab in th
viktelen [127]
This doesn’t make sense :(
3 0
3 years ago
Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area?
jeka94

Answer:

An area with younger people will have a higher demand for rentals and a lower demand for buying.

7 0
3 years ago
Read 2 more answers
Jupiter Explorers has $5,600 in sales. The profit margin is 3 percent. There are 4,000 shares of stock outstanding, with a price
Irina18 [472]

Answer:

Price-earning ratio is 28.57 .

Explanation:

Price earning is a ratio widely used by common stock holder in stock market. The ratio is used to measures share price in relation to earning per share. The ratio tells us years require to recover amount spend on acquisition of share.

Detail calculation is given below.

Sales                      $ 5,600  -A

Net profit               $    168   -B

EPS                         $ 0.042 -B/4000

Price-earning ratio = 1.2/EPS  = 28.57  

6 0
3 years ago
On January 1, 2021, Perez Co. issued at par $10,000 of 6% bonds convertible in total into 1,000 shares of Perez's common stock.
marusya05 [52]

Answer:

EPS = $4.50

diluted EPS = $2.46

Explanation:

no option is correct since EPS = $4.50, and the rest of the options are all higher amounts. Diluted EPS are always smaller than EPS.  

common stock outstanding = 1,000 stocks

bonds shares (diluted) = 1,000 stocks

net income = $4,500

bond interest = $10,000 x 6% x (1 - 30%) = $420

diluted earnings per share = ($4,500 + $420) / (1,000 shares + 1,000 shares) = $4,920 / 2,000 shares = $2.46

7 0
4 years ago
A company's common stock is selling in the market at a "multiple of 15". If the market price of the common stock is currently $1
Angelina_Jolie [31]

Answer:

earnings per share = $0.67

Explanation:

the earnings per share = stock price / multiple value = $10 / 15 = $0.67

When you read that a stock is selling at a multiple of X, it means that the stock price is currently X times the current earnings per share. In this case, since the stock price is $10, to calculate the EPS you must divide 10 by the multiple value.

4 0
3 years ago
Other questions:
  • Asymmetric Frames Corp. had a return on equity of​ 15%. The​ corporation's earnings per share was​ $6.00, its dividend payout ra
    15·1 answer
  • Each pound of American blend coffee requires 12 ounces of Colombian beans and 4 ounces of Dominican beans, while a pound of Brit
    6·1 answer
  • Sara is an administrator at a bank. sara eats plenty of fruits, vegetables, whole grains, legumes, and lean meats. she is of nor
    5·1 answer
  • The importance of knowing how to act or behave in a given situation is a very new concept. True or false
    15·1 answer
  • A municipal bond is paying a 6% annual yield. An equivalent risk corporate bond is paying 7%. Investors with a tax rate of ____
    7·1 answer
  • An in-depth understanding of ethics is important to the long-term viability of a business because unethical decisions will negat
    7·1 answer
  • Inventory depletion is a warning sign of: Impending inflation. A recessionary gap. Cyclical unemployment. Both a recessionary ga
    8·1 answer
  • Decision making "at the margin" means making a choice based on __________ of a decision.
    15·1 answer
  • The firm should shut down if the market price is:___________.
    10·1 answer
  • A person works as a cashier in a major supermarket. She sells vegetables to
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!