PLEASE ANSWER SOON WILL GIVE BRAINLIEST

A house sold for $165,000, and the total commission received by the broker was $13,200. What was the rate of commission?

andrey2020 [161]

Answer:

the rate of commission is 8%

Explanation:

The computation of the rate of commission is shown below:

Rate of commission is

= Commission received by the broker ÷ Sale value of the home

where,

The Commission received by the broker is $13,200

And, the sale value of the home is $165,000

Now put these values to the above formula

So, the rate of commission is

= $132,00 ÷ $165,000

= 8%

Hence, the rate of commission is 8%

7 0

2 years ago

Smyth Industries operated as a monopolist for the past several years, earning annual profits amounting to $50 million, which it

denis23 [38]

Answer:

First of all we need a discount rate, so I looked for similar questions and the discount rates went from 4% to 8%, so i decided to use 6%.

the company has 2 alternatives, keep operating in a competitive market or slash its prices to try to erase the competition.

the present value of the first alternative using the perpetuity formula = $10,000,000 / 0.06 = $166,666,667

the present value of the second alternative is:

PV of slashing costs = $1,000,000,000 / 1.06 = $943,396,226 + the present value of future net incomes

the present value of future net incomes = $50,000,000 / 0.06 = $833,333,333, but we must discount this number this terminal value applies to end of the current, not now: $833,333,333 / 1.06 = $786,163,552

the NPV of slashing prices = $786,163,552 - $943,396,226 = -$157,232,674, so it is definitely a very bad idea.

3 0

2 years ago

Jeff starts writing a report for one of his classes. since the report is similar to a previous one he has written, he opens the

Nata [24]

The aspect of his resource that has been compromised is the availability. It is because he changed his report because he has a similarity to one of the reporters, he decided to changed it, making the first report unavailable as it is changed and replaced. Because of it, availability has been compromised as he changed his first report that could still have been used.

8 0

2 years ago

The statements and equations show various ways of defining average variable cost, marginal cost, and average total cost. TC is u

likoan [24]

COMPLETE QUESTION:

The statements and equations below show various ways of defining average variable cost, marginal cost, and average total cost. Below, TC is used to abbreviate total cost, VC is used to abbreviate Variable cost, and Q is used to abbreviate quantity. Classify each statement or equation according to whether it describes average variable cost, marginal cost, or average (total) cost.

Average Variable Cost Marginal Cost Average (Total) Cost

The amount by which total cost increases when an additional unit is produced

Total cost divided by quantity of output

Change in the total cost divided by change in output

VC / Q

The sum of all costs that change as output changes divided by the number of units produced.

TC / Q

ΔTC/ΔQ

Answer and Explanation:

Marginal Cost is the value by which total cost increases when more units are produced.

Marginal Cost = VC / Q

Average Variable Cost is the cost per the quantity of output. It is the difference in the Total Cost per change in output.

Average Cost is the addition of all costs that change due to changes in output per the number of units produced.

TC / Q= Variable Cost

ΔTC/ΔQ= marginal cost

8 0

2 years ago

Read 2 more answers

The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts Payable $48

Nutka1998 [239]

Answer:

(i) The trial balance of Monroe Entertainment Co. is as shown below.

Amounts in $

Accounts Debits Credits

Accounts Payable 486.00

Fees Earned 2,807.00

Accounts Receivable 854.00

Insurance Expense 405.00

Prepaid Insurance 1,698.00

Land 2,275.00

cash 1,878.00

Wages Expense 519.00

Drawing 751.00

Capital 5,087.00

Balances 8,380.00 8,380.00

(ii) Total debits is c.$8,380

Explanation:

The trial balance shows the balances of all accounts in terms of debits and credit and is used to check the mathematical accuracy of posted entries. The debits are the assets and expenses while the credits are the equity, income and liabilities.

Total debits is $8,380

8 0

2 years ago