A property sells for the full listed price of $250,000. The seller has a loan balance of $150,000 and agrees to pay a 6% real estate commission plus $2,500 for closing costs. The net proceeds to the seller will be:

A. $250,000.
B. $150,000.
C. $82,500.
D. $85,000.

Answer: C. $82,500.

Business

You might also like to view...

Olympia Manufacturing uses a predetermined overhead allocation rate based on a percentage of direct labor cost

At the beginning of the year, Olympia estimated total manufacturing overhead costs at $1,010,000 and total direct labor costs at $830,000. In June, Job 511 was completed. The details of Job 511 are shown below. Direct materials cost $26,500 Direct labor cost $11,000 Direct labor hours 400 hours Units of product produced 300 hours What is the amount of manufacturing overhead costs allocated to Job 511? (Round any percentages to two decimal places and your final answer to the nearest dollar.) A) $13,386 B) $32,247 C) $9,040 D) $21,777

Business

Integrated marketing communications are composed of all of the following EXCEPT:

A. advertising. B. sales promotions. C. trade shows. D. public relations. E. political rallying.

Business