User Account

All Pages

How much did broker bob receive

Assignment Help Financial Accounting
Reference no: EM132757423

Problem 1: Broker Bob lists a farm measuring one-quarter mile square. The list price is $3,000.00 per acre with a commission of six percent. The land is sold in a cooperative sale for a price of 90% of the list price. The buyer applies for a loan with a 20% down-payment, 30 year term, 5 percent interest and pays 2 discount points. The two brokers equally share the commission. How much did Broker Bob receive?

A. $3,240

B. $3,600

C. $6,480

D. $7,200

Reference no: EM132757423

Questions Cloud

How much will sarah have to invest? today : How much will Sarah have to invest? today? If Sarah invests that amount and could earn a 15 percent annual? return, how soon could she? retire
How much simple interest bill pay during term of contract : Deed with interest at 12 percent per year. If monthly payments are interest only, how much simple interest will Bill pay during the term of the contract?
What the appraiser estimate of value is approximately : If the subject property has house dimensions of 22 feet by 48 feet and is two stories high, the appraiser's estimate of value is approximately
Calculate the inventory turnover ratio for each company : Calculate the Inventory Turnover Ratio for each company. Show your work. Which company has the more favorable ratio? What does this tell you about the freshness
How much did broker bob receive : 30 year term, 5 percent interest and pays 2 discount points. The two brokers equally share the commission. How much did Broker Bob receive?
Difference between spelling tool-grammar tool : What is the difference between the Spelling tool, the Grammar tool and the Auto Correct feature in MS Word?
Compute effective annual cost to firm : Compute effective annual cost to firm if it chooses not to take advantage of the trade discount offered and stretches the accounts payable to the maximum
Discuss a range of design patterns : Discuss a range of design patterns with relevant examples of creational, structural and behavioral pattern types.
Compute the number of cases of each product : Good Scent, Inc., produces two colognes: Rose and Violet. Of the two, Rose is more popular. Data concerning the two products follow: Rose Violet Expected sales.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd