A broker's listing agreement specifies that a 5½% commission is to be paid on the sale price. The sales associate for the firm lists and sells the property and is to receive 55% of the total sale commission. How much will the sales associate earn if she sells the property for $369,000

On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?

Assume you plan to start a new enterprise; you know the probability of having losses for the first three years of operations is almost 90 percent, and you know you will report a substantial amount of income from other sources during those same three years. from a tax perspective, which of the following entity choices would not allow you to offset the entity losses against your income from other sources? c corporation s corporation llc general partnership

Multiple choice question 55 margin of safety in dollars is expected sales less break-even sales. actual sales less expected sales. expected sales divided by break-even sales. expected sales less actual sales.