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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
A New York City daily newspaper called “Manhattan Today” charges an annual subscription fee of $270. Customers prepay their subscriptions and receive 280 issues over the year. Prepare the journal entry to recognize sale of 11 new subscriptions, clear..
Donald had purchased a life insurance policy (premiums totaled $166,000) that paid $331,000 in the event of accidental death.- She received her first installment this year.
The cost of goods sold is $5 for one skirt and $6 for one bluse. Other allocated costs are $1 for one skirt and $5 for one blusel. what amount of QPAI is available to Green for claculating the DPAD?
Suppose the investor wants to withdraw €50,000, If the investor can earn 5% on his balances, how much must he deposit today to satisfy his withdrawals needs?
Excerpts from Dowling Company's December 31, 2016 and 2015, financial statements and key ratios are presented below (all dollar values are in millions):
Please provide calculations and reasoning for filling out each line on a 1065 Form. including the completed Schedule M-1 and M-2
Explain how unrealised profits arise from transactions between companies in a group and why it is important to remove them?
What the estimated number of parts to be sold by Sta. Barbara in 2016 is? Sta. Barbara is one of the manufacturers of a part used in the production
Describe some key liquidity ratios and provide a numeric example of each that would indicate that a company has a favorable liquidity position.
$2,860, costs of goods sold of $2,200, inventory of $512, and accounts receivable of $434. How many days, on average, does it take Marios to sell its inventory?
Compare and contrast 'relevance' and 'faithful representation' qualities. Discuss whether there is a trade- off between the two can be considered equally.
Advice to the business owner on how their business has performed for the month with particular focus on the profitability of the business.
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