A real estate commission is normally calculated as a percentage of the:
a. asking price.
b. sales price.
c. owner's equity in the property being sold.
d. fair market value (FMV) of the property being sold.
Answer: b. sales price.
Business
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Exchange traded funds (ETFs) perform like a broad market index but are bought and sold like individual stocks
Indicate whether the statement is true or false.
Business
Cash flows are affected by financial planning decisions. Which of the following is not correct?
A) Insurance payments are a cash outflow B) Investing in stock is a cash outflow C) Buying on time results in a cash inflow D) Income is a cash inflow
Business