Stan is a real estate salesperson He receives 60% of the 4.8% commission that the real estate

Fantastic news! We've Found the answer you've been seeking!

Question:

Stan is a real estate salesperson He receives 60% of the 4.8% commission that the real estate agency charges on sales. If his sales for the past year were $5,225,000, what was the dollar value of his commission?

Related Book For answer-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

See More Books

Posted Date: Jan 23, 2021 11:34 PM

See More Questions

Stan is a real estate salesperson. He receives 60% of the 4.8% commission that the real estate agency charges on sales. If his income for the past year was $150,480, what was his dollar volume of...
A real estate salesperson can lease an automobile for five years at $500 per month payable at the beginning of each month, or purchase it for $28,000. She can obtain a loan at 9.75% compounded...
A real estate salesperson bought promotional calendars and date books to give to her customers at the end of the year. The calendars cost $0.75 each, and the date books cost $0.50 each. She ordered a...
Describe the graph of a constant function.
A manufacturer of household appliances wanted to determine if there was a relationship between family size and the size of washing machine purchased. The manufacturer was preparing guidelines for...
An insurance company states that the probability that a particular car will be involved in a car crash this year is 0.6 and the probability that the car will not be involved in a car crash this year...
Which is more authoritative for a Canadian auditor: the CICA Handbooks or the IFAC Handbook? Explain the differences between them.
Wingman Distributing Company is expanding its supply chain to include a new distribution hub In South Bend. A key decision involves the number of trucks for the facility. The particular model of...
1There are a lot of people at the party, but I don't know (someone / no one / anyone) 10He did( anything / something/ everything )last month that he wasn't proud of. 11Chris has (anywhere / nowhere/...
Phoebe Company ended its fiscal year on July 31, 2020. The companys adjusted trial balance as of the end of its fiscal year is as follows. Instructions a. Prepare the closing entries using page J15....
Financial statements are based on generally accepted accounting principles (GAAP) and are audited by CPA firms. Do investors need to worry about the validity of those statements?
Convert the following dfa to a RE regular expression: b 2 3
Required: 1. If 21,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 25,000 units are produced and sold, what is the variable cost per unit produced and...
(1) How did Peter Brand (Jonah Hill ), a recent college grad, find himself in the position to directly influence the HR decision-making of the Oakland A's? (2) One version of the screenplay has this...
Please read the excerpts and summarize the court's opinion in the form of a case brief. Your brief must include the following sections: (1) Case Name and Citation [listed above]; (2) Facts; (3)...
The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Finished goods inventory, beginning Work in process inventory, beginning Raw materials inventory,...
HI course hero kindly help me with my assignment (below) I have my answers but it needs shaping i believe they are all incorrect and in desperate need of your expert answers. Help with calculat...
H Corporation has a bond outstanding. It has a coupon rate of 8 percent and a $1000 par value. The bond has 6 years left to maturity but could be called after three years for $1000 plus a call...
A laptop computer that was originally priced at $2,400 now sells for $2,700. What is the percent of increase?
Find the taxable income for the Thungs, a family of three (husband, wife, one child), if their adjusted gross income is $66,833 and itemized deductions are $12,583?
Enter in the account register in Figure 4 - 23 all the transactions described in Exercises 1, 3, and 5 and find the ending balance. Figure 4 - 23 RECORD ALL TRANSACTIONS THAT AFFECT YOUR ACCOUNT...
From the following selected balances of State plc as at 31 December 2008, prepare (j) a detailed trading and profit and loss account for the year ended 31 December 2008 for internal use and (ii) a...
The following information has been extracted from the books of account of Rufford plc for the year to 31 March 2006: Additional information: : 1. Administrative expenses include the following items:...
From the following balances in the books of Breaker plc you are to draw up (i) a detailed trading and profit and loss account for the year ending 31 March 2004 for internal use, and (ii) a profit and...

Stan is a real estate salesperson He receives 60% of the 4.8% commission that the real estate

Question:

Expert Answer:

Business Math

Students also viewed these accounting questions