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Luisa Gomes works for Southeast Appliance Mart. She receives a biweekly salary of $1,200 for which she must sell $15,000 worth of appliances. She also receives a commission of 3% on net sales above $15,000. What will be Luisa's pay for two weeks when her net appliance sales were $44,000?
$________
JoAnn Andrews has a condominium that she would like to sell and she asks real estate broker Jerry Weekly to sell it. Jerry, co-owner of Counts/Weekly Real Estate, advises JoAnn that she should be able to sell her condominium for $160,000 and the commission rate for selling it will be 5%. To sell her condominium, JoAnn Andrews must also pay some additional fees for inspections, title insurance, and to record the sale. These fees total $3,500 and are added to the 5% commission. What will JoAnn's net proceeds be from the sale of her $160,000 condominium?
Amin Pesah is a stockbroker for an investment firm that pays Amin a 0.5% commission on all the stocks that he buys and sells for his clients. What will be Amin's commission on 800 shares of Apple stock that is selling for $345.25 per share? If required round your final answer to the nearest cent.
$_________
Over the past several years, Gwen Fong has been able to save regularly. As a result, today she has $51,649 in savings and investments today. She wants to establish her own business in four years and feels she will need $100,000 to do so.
ABC, Inc. has just set the company dividend policy at $0.70 per year. The company plans on being in business forever. What is the price of this stock if
Blue lake inc has a $1000 par value, a 15 year bond outstanding with an annual coupon rate of 6.6% per year, paid semi annually. Market interest rates on similar bonds are 8.6%. Calculate the bonds price today
Beatrice invests $1,320 in an account that pays 4 percent simple interest. How much more could she have made over a 5-year period if the interest had compounded annually?
Identify whether this statement is considered as Capital Allocation Line, Capital Market Line, Security Market Line or Characteristic Market Line. And why? "The market portfolio as the optimal portfolio of risky securities"
The annual budget for a University Department has been increasing by the same percentage each year and is expected to continue to increase at this percentage rate annually for the foreseeable future. This year the budget is $1.65 million and two year..
1.what are financial ratios and why are they useful?2.what are the three types of comparisons that can be made when
Let us say that you are in a country where insider trading is not illegal. You are among a handful of people who knows that company AAA is going to announce earnings tomorrow that will be higher than expected. Consequently you take a large long posit..
Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $66. The current price is $80 per share, and there are 42 million shares outstanding. The rights offer would raise a total of $70 million. What is ..
How can the conventional financial accounting system be made to serve the purpose of operational control
The depreciation is best defined as the: A university converted the bottom 3 floors of an apartment building they own to classrooms. The option that is forgone so that the university can utilize it for classroom is: When a firm is evaluating the intr..
A Answer option has a zero intrinsic value; that is, for a call option, the underlying asset price is below the strike price. or for a put option, the underlying asset price is above the strike price.
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