A real estate agent received 1. 5% commission for a house that sold for $250,000. How much was the agent's commission?.
Answers
Answer:
To calculate the agent's commission, you can multiply the selling price of the house by the commission rate.
Commission = Selling price × Commission rate
Given:
Selling price = $250,000
Commission rate = 1.5% = 1.5/100 = 0.015
Commission = $250,000 × 0.015 = $3,750
Therefore, the agent's commission for the house sale was $3,750.
Related Questions
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
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It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Stephanie makes $ 16.89 working at chipotle. she works 40 hours a week. calculate his net salary after deducting 6.2% or (0.062) for social security deduction and 2.9% or (0.029) for medicare deduction. what is her net pay?
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If Stephanie makes $ 16.89 per hour at Chipotle, her net compensation would be $431.25. After subtracting 6.2% or (0.062) for social security deduction and 2.9%, she works 40 hours each week for his net pay.
net pay = $(105.75+325.50)
In the United States, the Old-Age, Survivors, and Disability Insurance (OASDI) program, which is operated by the Social Security Administration (SSA), a federal agency, is referred to as "Social Security." Although its retirement benefits are its most well-known feature, it also offers income for injured workers and survivor benefits.
At the end of September 2022, more than 70.4 million Americans were receiving benefits. Let's examine how Social Security functions and how much money you might anticipate receiving from it. If Stephanie makes $ 16.89 per hour at Chipotle, her net compensation would be $431.25. After subtracting 6.2% or (0.062) for social security deduction and 2.9%, she works 40 hours each week for his net wage.
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how do i work this thing
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Answer:
you search up the questions that you need answers to
Explanation:
and if you dont find them then you upload it
Give a concrete example of how the type of college you choose can impact your total costs.
Answers
Answer:
Because you chose to go to college instead of working, your opportunity cost is actually the sum of your college expenses plus the money you could have earned had you chosen not to work.
Explanation:
There are five main categories of expenses to think about when figuring out how much your college education is really going to cost: tuition and fees, room and board, books and supplies, personal expenses, and transportation. You can control some of these costs to some extent.
In the cash flow information for the ping kings project, ping spent $300,000 for research and development of the golf clubs. Ping's tax rate is 25%. How much of this cost should be included in the initial (t = 0) cash flow for this project?.
Answers
The initial (t = 0) cash flow for the Ping Kings' Project should account for $300,000 of the expenditure.
Should the costs of research and development be capitalized?For the majority of businesses, research and development is an investment that will pay off over a number of years in terms of revenue, cash flow, and profit; as a result, it should ideally be capitalized as an asset rather than expensed.
Research and development costs are regarded as sunk costs under U.S. GAAP and should not be capitalized.
Why is R&D a cost rather than a capital expense?The major reason businesses aren't allowed to capitalize their R&D expenses is because it's impossible to accurately estimate the charges' potential return on investment. Research and development involves a lot of trial and error.
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a group of farmers planned to harvest 80 acres of wheat per day to finish their work on schedule. right before the work started, they received a new piece of machinery that helped them to harvest 10 more acres per day than originally planned. on the last day before their deadline, they only had to harvest 30 acres due to their increased productivity. how many acres of wheat did the group of farmers have to harvest?
Answers
Answer: 480 acres
Explanation:
Let's say y is the amount of acres total.
x is the amount of days taken to plow.
Meaning, that 80x = y.
But y also equals 90(x-1)+30. They plowed 90 acres a day for one less day, and then on the last day, they only had to plow 30 acres.
Substitute out the y. 80x = 90x - 90 + 30
Simplify and solve: 80x=90x-60, 10x=60, x=10
Don't forget to multiply x by 80 for the total number of acres plowed.
One of your customers, Margaret Port, has referred you to a friend who needs your Hercules Shelving for a storage warehouse. Port recently purchased your heavy-duty. 18-gauge steel shelving and is pleased with it. She said. "This will be an easy sale for you. My friend really needs shelving and I told him about yours." Port's information is correct and your presentation to her friend goes smoothly. The customer has asked numerous questions and seems ready to buy. Just before you ask for the order, the customer says. "Looks like your product is exactly what I need. I'd like to think this over. Could you call me next week? Which of the following would you do? Why? 4. Follow the suggestion and call next week 5. Go ahead and ask for the order c. Ask questions about the reason for the delay.
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The most appropriate action in this situation would be option 3: Ask questions about the reason for the delay.
By asking questions about the reason for the delay, you can gain insights into the customer's hesitation or concerns. This information will help you address any potential objections or misunderstandings, and provide appropriate solutions or reassurances. It allows you to understand the customer's perspective and tailor your approach accordingly.
Some questions you could ask might include:
- "I'm glad to hear that our product meets your needs. Can you share what specifically you'd like to think over?"
- "Is there anything in particular that you need more information about or any concerns that I can address?"
- "What factors are important for you in making a decision about purchasing our shelving?"
These questions allow you to engage in a productive conversation with the customer, address any potential reservations, and potentially overcome any obstacles preventing them from making a purchase decision. It demonstrates your willingness to understand their needs and ensures that you have the opportunity to address any lingering doubts before asking for the order.
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An innovative business idea that no one has never had
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An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
Explain the pros and cons of a national bank. What type of system de we have? Why?
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Currently, the United States operates under a Federal Reserve System, a central banking system that manages monetary policy and regulates financial institutions. This system was established to prevent banking panics and ensure economic stability, balancing the pros and cons of a national bank.
What is national BankA national bank can offer several pros and cons. The pros include economic stability, centralization of monetary policy, and increased lending capacity. The cons involve potential political influence, reduced competition, and potential risk of "too big to fail."
Economic stability is achieved by controlling inflation and ensuring a stable currency, while centralized monetary policy enables efficient implementation of fiscal decisions.
Increased lending capacity supports economic growth through accessible loans to businesses and individuals. On the other hand, political influence can compromise the national bank's independence, leading to biased policies.
Reduced competition might limit financial innovation and customer choice. The "too big to fail" risk occurs when a national bank's failure would severely impact the economy, necessitating government intervention.
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Which part of an insurance application will contain information regarding the cause of death of the applicant's deceased relative
Answers
Answer:
Medical Information
Explanation:
Medical Information of the application includes certain information on the insured's prospective medical background, his or her present health conditions, any kind of visits to the medical in the recent years, the medical status of the living relatives, and also causes of death of the deceased relatives.
The medical information are used by the insurance companies to underwrite the policies.
please i need help with this !!
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Answer:
Save
Measure
Notes
Services
Money
Barter
Swapped
Forms
The annual report for Jackson Farms disclosed that 1 billion shares of common stock have been authorized. At the beginning of 2017, 810 million shares had been issued and the number of shares in treasury stock was 111 million. During 2017, the only common share transactions were that 19 million common shares were reissued from treasury and 30 million common shares were purchased and held as treasury stock.
Required: Determine the number of common shares (a) issued, (b) in treasury, and (c) outstanding at the end of 2017.
Answers
Answer:
a: 810 (million)
b: 111-19(issued)+30(purchased)= 122 (million)
c: 810 (issued)-122 (treasury)=688 million
Brad Paisley
Katy Perry
Can you determine the target market for each site?
Answers
here is the answer dude
emilio and dylan are studying the strengths and weaknesses of their construction business, construction concepts, as well as researching the opportunities and threats in the external environment. they are conducting a
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By finding out the various strengths, weaknesses, threats and opportunities to their business, Emilio and Dylan are engaging in a SWOT Analysis of their construction business.
A SWOT analysis enables a company to find out:
Strengths - the parts of its company that set it apart and give it an advantage Weaknesses - areas that they can and should improve on to be more successful Opportunities - whatever developments in their industry that they can leverage on to become more successful Threats - things that they need to watch out for that could give them problems in the near futureThis is what Emilio and Dylan are doing and it is very important as it can allow a company to see the things it needs to do to be successful.
In conclusion, Emilio and Dylan are conducting a SWOT analysis to ensure that their business grows.
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A business entity that performs the function of receiving and delivering payments and securities on behalf of both parties to a securities transaction is called a
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Answer:
The answer is Clearing agency
What must a firm do after diagnosing its specific competitive challenge?.
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Firms are known for their strategies. The thing a firm must do after diagnosing it's specific competitive challenge is to create an effective guiding policy.
A firm can be able too achieve competitive advantage through a lot of means such as supplying similar product or service at lower cost.
In which ways can firms maintain its competitive advantage?By Creating a Corporate Culture that brings the good TalentTo know all about the DNA Footprint of their Ideal Customer. To set up their special Value Proposition.Policies can help a firm in duties as it helps employee to carry out their specific functions orderly.
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an example of a personal skill is
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Answer:
Well, Personal skills refer to the inner abilities. Examples of personal skills include the ability to communicate with others, Leadership skills, or Management skills.
A person may have different moods from day to day, but his __________ is the consistent foundation determining his responses to the environment.
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A person may have different moods from day to day, but his personality is the consistent foundation determining his responses to the environment.
The term "personality" refers to the persistent qualities, interests, motivations, values, self-concept, talents, and emotional patterns that make up a person's particular way of adjusting to life. Although different theories have varied explanations for the formation and organisation of personality, they all concur that personality influences behaviour.
Personality psychology is the study of what makes up a person's personality, how it develops, what makes up their traits, how they change over time (with an emphasis on stable and persistent individual differences), and how it might take on unfavourable forms.
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15 points!
You will need to revise your budget to account for a car payment.
Which expense category would be the most difficult to change or reduce?
entertainment -Not the answer
rent
savings
groceries
thank you!
Answers
Answer:
rent
Explanation:
The rent expense will be difficult to revise. Usually, the rent amount is contained in a tenancy agreement signed by both the landlord and the tenant. The rent amount does not change until the lease or tenancy agreement expires. Changing the rent amount would require the landlord's consent.
Due to the above reasons, rent is classified as a fixed cost. It remains constant in the short run.
Answer:
rent
Explanation:
is the correct answer
In our universe, we can consider four different regimes of space in which distances between objects might be changing as a result of the general expansion of the universe. These are
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In our universe, the four different regimes of space in which distances between objects might be changing as a result of the general expansion of the universe are commonly referred to as:
1.
Expansion: This regime refers to the expansion of space between objects at a rate lower than the speed of light. In this regime, objects that are relatively close to each other will still experience an increase in their separation over time due to the overall expansion of the universe.
2. Superluminal Expansion: This regime involves the expansion of space between objects at a rate exceeding the speed of light. It is important to note that in this context, the term "superluminal" does not violate the principle of special relativity, as it refers to the expansion of space itself and not the movement of objects through space.
3. Hubble Flow: The Hubble flow is the regime where the expansion of the universe dominates the motion of objects on very large scales. In this regime, the recessional velocity of objects is directly proportional to their distance from an observer, as described by Hubble's law.
4. Local Gravitational Overcome: This regime describes situations where the attractive force of gravity between objects is strong enough to overcome the expansion of space. Within local systems, such as galaxies or galaxy clusters, the gravitational interaction can cause objects to come closer together despite the overall expansion of the universe.
These regimes help us understand the different ways in which the expansion of the universe affects the distances between objects on various scales. It is important to note that the expansion of space is primarily observed on cosmological scales and does not significantly impact objects bound together by strong gravitational forces, such as within galaxies or within our local group of galaxies.
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which best describes the goal of playing Budget challenge?
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Budget Challenge uses hands-on learning, the cornerstone of CTE, to get around the limits of the traditional classroom. This implies that Budget Challenge emphasizes learning through experience and teaches students how to manage their finances as young adults.
What is Budget Challenge?Budget Challenge is a ten-week financial simulation that allows pupils to handle money in a manner akin to that of an autonomous young adult.
The 10-week real-world simulation that makes up Budget Challenge is combined with educational material that will better equip you to manage your money both now and as an independent adult. It is your responsibility to oversee the accounts of a normal autonomous young adult while working towards six key financial objectives.
Therefore, Budget Challenge emphasizes learning through experience and teaches students how to manage their finances as young adults.
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Which answer best shows all of the elements you need to conside
Orisk and return
O liquidity, risk, time, and return
O return and liquidity
O time, risk, and liquidity
Answers
When making an investment, one must take into conside all four that are Liquidity, risk, time, and return.
What is a reasonable investment return period?Most investors consider an average yearly rate of return of 10% or above to be a respectable ROI for long-term stock market investments. Remember, though, that this is an average. There will be years when the returns are smaller, maybe even negative. There will be years with noticeably higher returns.
What exactly is investing risk return?A fundamental tenet of investing is the risk-return tradeoff, which states that the potential gain increases with risk. Investors must take into account a variety of aspects, including as their general risk tolerance, their ability to replenish lost cash, and more, in order to determine the right risk-return tradeoff.
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Scott, Mark, and Joe want to buy into a restaurant franchise. Joe is an accountant. Mark has previous restaurant experience as a server and manager. Scott is an attorney. In order to open this franchise, they must commit to opening 3-5 stores and are required to have $10 million in liquid assets (Cash is a highly liquid asset followed by the banking accounts, checkable account, short-term promissory notes, treasury bills and other government bonds. ) They currently do not have the required liquid assets. Which business organization will be the best for this situation and how will they solve their money problems?
Answers
Given their diverse backgrounds and lack of sufficient liquid assets, a limited liability partnership (LLP) would be the most suitable business organization for Scott, Mark, and Joe.
This type of partnership allows for individual liability protection while still allowing for shared profits and management responsibilities. To address their money problem, the group can explore various options. One option would be to seek out investors who are willing to contribute the necessary funds in exchange for a percentage of ownership and profits.
Another option would be to secure a loan from a financial institution or private lender. In order to increase their chances of approval, they can develop a comprehensive business plan that outlines their strategies for success and projected financial performance.
Additionally, Scott, Mark, and Joe could also consider alternative means of financing such as crowdfunding or seeking out grants or subsidies from government agencies or non-profit organizations. It may also be beneficial for them to seek guidance and advice from a financial advisor or business consultant to help them make informed decisions and develop a strong financial plan for their franchise venture.
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identify the characteristics of a capitalist economic system. characteristic(s) property and goods are mainly privately owned. press space to open military forces are used to protect the upper class. press space to open production makes use of advanced technology. press space to open investment decisions are made by private entities. press space to open the production, pricing, and distribution of goods are determined by a free market.
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The characteristics of a capitalist economic system include a. property and goods are mainly privately owned, c.press space to open production makes use of advanced technology, d. press space to open investment decisions are made by private entities, aand e. press space to open the production, pricing, and distribution of goods are determined by a free market.
Property and goods are mainly privately owned, meaning that individuals and businesses have the right to own and control their possessions and assets, leading to wealth accumulation and the drive for profit. Production makes use of advanced technology, allowing for increased efficiency and productivity, which in turn fosters innovation and competition among businesses. Investment decisions are made by private entities, which means that individuals, companies, and financial institutions decide where to allocate their resources based on their evaluation of potential returns and risks.
The production, pricing, and distribution of goods are determined by a free market, which is driven by the forces of supply and demand. In this system, prices and production levels are set by the interactions between buyers and sellers, without interference from the government. While it is not a direct characteristic, it is worth mentioning that military forces may be used to protect the upper class in some cases, as they have a vested interest in maintaining their wealth and status within the capitalist system. Overall, the capitalist economic system promotes competition, innovation, and individual freedom, which has led to substantial economic growth and development in many countries. The characteristics of a capitalist economic system include a. property and goods are mainly privately owned, c.press space to open production makes use of advanced technology, d. press space to open investment decisions are made by private entities, aand e. press space to open the production, pricing, and distribution of goods are determined by a free market.
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The demand in the market for smartphones has increased causing prices to write what effect will this likely have in The demand in the market for smartphones has increased causing prices to right what effect will this likely have in the supply of smart phones
Answers
Answer:
The supply point will increase by moving along the existing supply curve
Explanation:
At what point does an idea-driven enterprise run into problems and At what point does a market-driven enterprise run into problems?
Answers
Idea-driven businesses face unique challenges during growth. ... Their innovation is born from a deep desire to change the way people think about ... to shed light on the different stages of idea-driven business and what problems each stage ...
Idea-driven firms confront particular difficulties as they expand. Their creativity is the result of a strong desire to alter how people think, to shine a light on the many stages of the idea-driven company, and the issues that each level faces.
What is firm?A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, a business company is made up of one or more physical locations that are all owned by the same person and have the same EIN (EIN).
The term "firm," when used in a title, is frequently connected to companies that offer expert legal and accounting services, but it may also refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others.
The name of the company is often used for commercial purposes, but the level of legal protection—for owners or employees—depends on the ownership structure that was used to establish the company. Corporations, for example, offer a higher level of legal protection than other forms of organizations. The idea of a mature company with a strong foundation already exists.
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Gordon is over 65 what is his adjusted gross income
Answers
Answer:
huh
Explanation:
hbybibhbil
Strategic Sourcing is a comprehensive approach for locating and sourcing key suppliers, so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace. true false
Answers
Strategic Sourcing is an integrated approach of finding and sourcing the most reliable and valuable suppliers so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace.
Strategic sourcing requires collaboration and communication with internal stakeholders and suppliers to ensure all requirements are met. It’s a long-term procurement strategy that takes into account several factors, such as supplier performance, quality, cost, delivery time, risks, and innovation.
By using strategic sourcing, organizations can reduce their procurement costs, increase their competitiveness in the marketplace, and achieve long-term business objectives. This approach also helps organizations to mitigate supply chain risks, ensure business continuity, and maintain their reputation.
In conclusion, the statement "Strategic Sourcing is a comprehensive approach for locating and sourcing key suppliers, so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace" is true.
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Jill, in good faith and for value, gets from Kit a check "payable to the order of bearer." Jill does not know that Kit stole the check. Jill is_____ a. an HDC. b. not an HDC, because Kit did not acquire the check for value. c. not an HDC, because Kit did not acquire the check in good faith. d. not an HDC, because the check is a bearer instrument.
Answers
Option c. not an HDC, because Jill did not acquire the check in good faith. Jill is not an HDC because she did not acquire the check in good faith.
To be considered a holder in due course (HDC), certain requirements must be met, including acquiring the instrument in good faith and for value. In this scenario, Jill obtained the check from Kit, who stole it. Since Jill did not acquire the check in good faith, she does not meet the criteria of an HDC.
Jill is not an HDC because she did not acquire the check in good faith. Good faith is an essential element for someone to be considered an HDC, and in this case, Jill's lack of knowledge about the stolen check does not absolve her from the requirement of acquiring it in good faith.
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how do I start my own beauty business
Answers
Answer:
You can distribute samples to local makeup artists, launch a promotional blog, send press releases to publications that cover beauty products, or open social networking accounts to introduce your company to new people. invest in beauty and cosmetics brands invest in cosmetics business.
Explanation: