The amount that the sales associate earn if she sells the property for $369,000 is $11,162.25.
Sales associate's commission
First step find the total commission
Total commission=$369,000 sale price × .055 rate
Total commission= $20,295
Second step find the sales associate's commission
Sales associate's commission=$20,295 total commission × .55 split
Sales associate's commission=$11,162.25
Inconclusion the amount that the sales associate earn if she sells the property for $369,000 is $11,162.25.
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Answer:
Option D
Explanation:
In simple words, method of performance division is considered to be effective when it depicts a true picture, not because it gives a sound position of the organisation as waned by the managers.
Thus, reticulation should not be done. Also, Divisional performance should be judged by some other aspects like time taken to perform the job or wastage done by them etc.
He had to account for the accruals and the prepayments during the period
Explanation:
When the adjustments are made and they are posted in the ledger then it is called as the trail adjustments and the second trail balance is prepared and it is given in the accounting cycle
After all the adjustments are made they are entered in the books of the company and the main purpose of them is to check the equities between the debit and the credit
Answer:
3. cannibalization
Explanation:
This term refers to the situation were sales or the market share of a product are reduced because another product is introduced by the same company.
Answer:
To calculate the after-tax cost of debt, multiply the before-tax cost of debt by <u>(1 - tax rate)</u>.
Water and Power Company (WPC) can borrow funds at an interest rate of 10.20% for a period of four years. Its marginal federal-plus-state tax rate is 45%. WPC's after-tax cost of debt is <u>= 10.20% x (1 - 45%) = 5.61%</u>.
At the present time, Water and Power Company (WPC) has 15-year noncallable bonds with a face value of $1,000 that are outstanding. These bonds have a current market price of $1,329.55 per bond, carry a coupon rate of 12%, and distribute annual coupon payments. The company incurs a federal-plus-state tax rate of 45%. If WPC wants to issue new debt, what would be a reasonable estimate for its after-tax cost of debt (rounded to two decimal places)?
<u>B. 4.47%</u>
pre-tax cost of debt = bond's yield to maturity
approximate YTM = {120 + [(1,000 - 1,329.55)/15] / [(1,000 + 1,329.55)/2] = 98.03 / 1,164.775 = 0.08416 = 8.416%
approximate after tax cost of debt = 8.4% x (1 - 45%) = 4.62 = 4.62
since I used the approximate yield to maturity, my answer is not exact. That is why I have to look for the closest available option.
