How many people make 1 million per year in the world

A seller netted $55,000 at closing. if the seller paid costs of $1000 and an 8.5% commission, what was the sale price to the nea

Ulleksa [173]

Answer: The sale price to the nearest dollar was $61,202

We arrive at the answer as follows:

The term 'netted' refers to the seller's profits after deducting costs and commissions.

Hence we need to add back these amounts to arrive at the sale price.

Net Proceeds $55,000

<u>Add: Costs $1,000 </u>

Total $56,000

The commission is 8.5%; however commissions are quoted as a percentage of sales price.

Expressed in other words, if the sale price was 100, commissions were 8.5. That would mean that the total above would be the equivalent of $100 - 8.5 = 91.5$

From this we can arrive at the sale price as follows:

$Sales Price = \frac{56000 * 100}{91.5}$

$Sales Price = 61,202$

6 0

4 years ago

Gatwick Ltd. has after tax profits (net income) of $500,000 and no debt. The owners have a $6 million investment in the business

Ugo [173]

Answer:

Return on equity would increase from 8.33% to 9.50%

Explanation:

The tax rate of 40% is missing from the question.

Return on equity prior to share repurchase=$500,000/$6,000,000

Return on equity prior to share repurchase=8.33%

With the issue of debt finance of $2,000,000, the after-tax interest expense is computed thus:

after-tax interest expense=$2,000,000*10%*(1-40%)=120000

adjusted net income=$500,000-$120,000=$380,000

new common stock=$6,000,000-$2,000,000=$4,000,000

adjusted return on equity=$380,000/$4,000,000=9.50%

8 0

3 years ago

The following data have been provided by Liggett Corporation: Budgeted production 7,400 units Standard machine-hours per unit 6.

abruzzese [7]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Budgeted production 7,400 units Standard machine-hours per unit 6.6 machine-hours Standard lubricants rate $ 3.50 per machine-hour

Actual production 7,600 units Actual machine-hours (total) 49,840 machine-hours Actual lubricants cost (total) $ 179,821

Manufacturing overhead spending variance= (standard rate - actual rate)* actual quantity

Manufacturing overhead spending variance= (3.5 - 3.607965)*49,840= 5,381 unfavorable

5 0

3 years ago

If publishing at a newspaper company is arranged so that editors, editorial assistants, and reporters coordinate to determine wh

Paha777 [63]

The community arrangement of a newspaper company publication that was organized in a coordinated way by editors, editorial assistants and reporters, this arrangement will align with the ideas brought by Mary Parket Follet.

<h3 /><h3>Mary Parker Follet Theory</h3>

The American author became known as the "Management Prophet" because her theory was based on a broader idea of organizational democracy, going beyond the concepts of economic man, to develop concepts whose focus was human relations.

Therefore, Mary Parker Follet's theory is based on the development of man as a social and cooperative being, which develops from his relationships and behavior patterns, being contrary to Taylorism and based on the appreciation of each individual and integration of work.

Find out more information about Mary Parker Follet here:

brainly.com/question/26312475

4 0

3 years ago

______________ can arise from the estimation process or the stability of the project team. assumptions internal risks cost overr

Levart [38]

Internet risk can arise from the estimation process or the stability of the project team. assumptions internal risks cost overruns external risks.

<h3>What is Internet risk?</h3>

Online risk is the exposure of an organization's internal resources as a result of using the Internet to do business.

Online risk exists for all businesses that conduct a portion of their operations online. Personal information, project data, and data produced by systems or procedures used by the company to conduct its business all fall under the category of vulnerable data.

Using techniques and resources from a risk management strategy, you can effectively manage online risk, prevent it from happening in the first place, and take action if it does. Aware of online risk, able to foresee how a data loss might affect their business operations, and able to create contingency plans are all crucial skills for IT professionals.

To learn more about Internet risk from the given link:

brainly.com/question/19589897

#SPJ4

3 0

1 year ago