All categories

2 years ago

The seller wants to net $65,000 from the sale of his house after paying the broker's fee of 6%. His gross sales price will be

Business

1 answer:

Nitella [24]2 years ago

8 0

Based on the information given his gross sales price will be:$69,149.

Gross sales price:

Using this formula

Gross sales price=Net price/(1-Broker's fee percentage)

Where:

Net price=$65,000

Broker's fee percentage=6%

Let plug in the formula

Gross sales price=$65,000/(1-6%)

Gross sales price=$65,000/94%

Gross sales price=$69,148.9

Gross sales price=$69,149(Approximately)

his gross sales price will be:$69,149.

Inconclusion his gross sales price will be:$69,149.

Learn more about gross sales price here:brainly.com/question/26103201

You might be interested in

if the marginal tax rate is equal to the average tax rate as taxable incomme increases, the tax structure is

gregori [183]

Answer:

B) proportional

Explanation:

In the case of the proportional tax structure the marginal tax rate should be equivalent to the average tax rate without considering the high level of taxable income or low level of taxable income

Therefore in the given case, the tax structure should be proportional

hence, the correct option is B

And, the same is to be considered

5 0

2 years ago

Debra, age 51, is self-employed and has never made a lot of money. But, she has consistently saved $4632 per year into a traditi

KiRa [710]

Answer:

D. $221072.

Explanation:

In this question, we use the future value formula which is shown in the spreadsheet.

The NPER represents the time period.

Given that,

Present value = $0

Rate of interest = 5%

NPER = 25 years

PMT = 4,632

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after solving this, the answer would be $221,071.92

5 0

3 years ago

What is morale?

Verdich [7]

C. the attitude of the people working at a company

7 0

3 years ago

Which of the following statements will an auditor most likely add to the negative from of confirmations of accounts receivable t

MrRissso [65]

Answer:

The correct answer is letter "C": "If you do not report any differences with 15 days, it will be assumed that this statement is correct".

Explanation:

Accounts Receivable, or AR, is an accounting term used to refer to the money that is owed to a company by its customers. The customers, who may be individuals or corporations, are the debtors since they owe money for the goods or services provided by the company. When the product is sold in credit the company sets a number of days so that the customer can pay the bill amount. The term usually is 30, 60 or 90 days.

In that sense, and auditor may find 15 days suitable for a debtor for report changes in a statement, otherwise, it is considered as correct.

7 0

3 years ago

The board of directors of pilgrim company authorizes a $100,000 restriction of retained earnings for a future plant expansion. t

Yakvenalex [24]

Answer:

It will reduce the amount of dividiends it can pay.

Explanation:

As there is an amount of the retained earnings that is restricted the company cannot use them to pay up neither stock or cash dividends in the future.

The retained earnings are used to pay dividends but also, are part of the equity of the firm thus the RE count to the capital structure of the company . Loans can be obtained with better rates if thecapital structure is more based on equiy than in liabilities thus, the board of directors is planning ahead the future plant exansion avoiding to use cash and deteriorate his capital structure to pay up dividends.

6 0

3 years ago