Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 02, 2023

A rookie agent receives 60 percent of the total commission for listing a property. How much will he receive for listing property when it sales

A rookie agent receives 60 percent of the total commission for listing a property. How much will he receive for listing property when it sales for $420,600 at a 7 percent total commission?

Step by Step Solution

★★★★★

3.46 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

Formula Rookie Agents Commission Total Commission x Sale... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law The Ethical Global and E-Commerce Environment

Authors: Jane Mallor, James Barnes, Thomas Bowers, Arlen Langvardt

15th edition

978-0073524986, 73524980, 978-0071317658

More Books

Students also viewed these Accounting questions

Question

★★★★★

A study showed that 60 percent of The Wall Street Journal subscribers watch CNBC every day. Of these, 70 percent watch it outside the home. Only 20 percent of those who don't watch CNBC every day...

Answered: 1 week ago

Question

★★★★★

On January 1, Beckman, Inc., acquires 60 percent of the outstanding stock of Calvin for $36,000. Calvin Co. has one recorded asset, a specialized production machine with a book value of $10,000 and...

Answered: 1 week ago

Question

★★★★★

Broadly defined, Asia comprises more than 60 percent of the worlds populationa population that practices Buddhism, Confucianism, Hinduism, Islam, and numerous other religions. Do you think it is...

Answered: 1 week ago

Question

★★★★★

Show that plane stress displacements for the Flamant problem in Section 8.4.7 under only tangential force X are given by: Data from section 8.4.7 My (1 v) - - -0 sin (1 v)X, -0 cost + 2X, 20 log r...

Answered: 1 week ago

Question

★★★★★

The following overhead data are for a department of a large company. Required Construct a flexible budget performance report that would be useful in assessing how well costs were controlled in...

Answered: 1 week ago

Question

★★★★★

If you own 15,000 shares of stock of Kenneth Cole Productions and it pays a dividend of $0.18 per share, then what is the total dividend you will receive?

Answered: 1 week ago

Question

★★★★★

85. In the list problem, when the Pi are known, show that the best ordering (best in the sense of minimizing the expected position of the element requested) is to place the elements in decreasing...

Answered: 1 week ago

Question

★★★★★

Roger Smith established an insurance agency on July 1, 20Y5, and completed the following transactions during July: a. Opened a business bank account in the name of Smith Insurance Inc., with a...

Answered: 1 week ago

Question

★★★★★

JJ Industries will pay a regular dividend of $0.85 per share for each of the next four years. At the end of the four years, the company will also pay out a $79 per share liquidating dividend, and the...

Answered: 1 week ago

Question

★★★★★

Cullumber Warehouse distributes hardback books to retail stores and extends credit terms of 4/10, n/30 to all of its customers. During the month of June, the following merchandising transactions...

Answered: 1 week ago

Question

★★★★★

Baxtell Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: Variable costs per unit: Manufacturing: Direct materials...

Answered: 1 week ago

Question

★★★★★

Use the following diagram of TCP/IP protocols of a Network 1) Add the following servers to the network. a. DC server b. data server c. SMTP server d. Application server e.web server...

Answered: 1 week ago

Question

★★★★★

A recent article/publication (within the last five years) which showcases the use of molecular testing techniques to diagnose infectious diseases. The article may have a public health, clinical...

Answered: 1 week ago

Question

★★★★★

A. Veta inc., has a asset of $400,000 in total where it comprises of equity 70% and debt of 30% (12%) interest. The company was planning to do some investment and it anticipates the increase of...

Answered: 1 week ago

Question

★★★★★

A liquid crystal cell has the front electrode grooved vertically and the rear electrode grooved horizontally. Sheets that transmit only vertically polarized light are placed before and after the...

Answered: 1 week ago

Question

★★★★★

used, and the importance of adhering to these procedures K12 Explain how the components are to be aligned, adjusted and positioned prior to securing, and the tools and equipment that is used K13...

Answered: 1 week ago

Question

★★★★★

I need help with these questions (Portfolio beta and CAPM) You are putting together a portfolio made up of four different stocks. However, you are considering two possible weightings: a. What is the...

Answered: 1 week ago

Question

★★★★★

According during to the IRS, individuals filing federal income tax returns prior to March 31 received an average refund of $1,088 in 2018. Consider the population of "last-minute" filers who mail...

Answered: 1 week ago

Question

★★★★★

Alex Ferrer, a former judge who appeared as "Judge Alex" on a television program, entered into a contract with Arnold Preston, a California attorney who rendered services to persons in the...

Answered: 1 week ago

Question

★★★★★

Terance Fitzgerald drew a check for $4,000 payable to New Look Auto Trim and Upholstery and delivered it to Yuvonne Goss and Benii Arrazza, the owners of New Look. Goss and Arrazza each indorsed the...

Answered: 1 week ago

Question

★★★★★

Maxwell Shoe Co., a wholesale shoe distributor, ordered a quantity of shoes from Martini Industries. When Maxwell Shoe received the shipment, it discovered that all of the shoes were cracked and...

Answered: 1 week ago

Question

★★★★★

If in Exercise 41 you are given the additional information that a = 3.5, how would your answers change? Under what conditions might it be reasonable for you to know a before taking the samples?

Answered: 1 week ago

Question

★★★★★

In Exercise 43, suppose that you decide that the mean output of the new machine would have to be at least 5 units higher than the mean output of the old machine in order to justify considering its...

Answered: 1 week ago

Question

★★★★★

Suppose that you are interested in comparing the gasoline mileage of two brands of gasoline. You hypothesize that there is no difference in the mileages, and you assume that the mileage for each...

Answered: 1 week ago

Previous Question Next Question