.A car salesman earns a 7% commission on the price of any car he sells. If he earns $620 on the sale of a car, then he sold the car for a price of $________. Hint: Round to the nearest cent as needed.
**HELP, WILL MARK BRAINLIEST**

Answers

Answer 1
Answer: $8,857.14

Explanation: $620/.07= $8,857.14

Related Questions

A company's board of directors votes to declare a cash dividend of $.75 per share of common stock. The company has 15,000 shares authorized, 10,000 issued, and 9,500 shares outstanding. The total amount of the cash dividend is:

Answers

Answer:

The total amount of the cash dividend is $7,125

Explanation:

The Dividend is declared to pay all the outstanding shares in the market. Sometime the company has some treasury shares in the stocks which is deducted from the total issued shares to find the outstanding shares. In this case, the issued shares and the outstanding numbers of shares are different.

Treasury shares are those shares that are bought back by the company that issued the shares.

Use the following formula to calculate the cash dividend

Cash Dividend = Numbers of outstanding shares x Dividend rate

Where

Numbers of outstanding shares = 9,500 shares

Dividend rate = $0.75 per share

Placing values in the formula

Cash Dividend = 9,500 x $0.75 per share

Cash Dividend = $7,125

If you own a share of stock in a company and the risk associated with its business falls, you would expect a capital loss. a higher dividend. a bubble. a capital gain.

Answers

Answer:

b. higher dividend

Explanation:

If you own a share of stock in a company and the risk associated with its business falls, you would expect a higher dividend. If the an organisation is able to diverse the risk associated with it, leading to fall of the risk at scale, then the price of its stock will rise which will lead to higher dividend to the shareholders.

You are considering a 5/1 ARM. What does the 1 represent?
A. The number of years between adjustments in the interest rate
B. The interest rate of the initial fixed-rate loan period
C. The total number of years in the loan D. The number of years that a fixed interest rate will be applied to the loan​

Answers

Answer:

Explanation:

The answer is A hope it helps

Answer:

A. The number of years between adjustments in the interest rate

Explanation:

Took the class

Wendy has a monopoly in the retailing of motor homes. She can sell five per week at $21,000 each. If she wants to sell six, she must charge $20,000 each. The quantity effect of selling the sixth motor home is

Answers

Answer:

$20,000

Explanation:

Based on the information given we were told that If she wants to sell six motor home she have to charge the amount of $20,000 for each of them which means that the QUALITY EFFECT of selling the sixth motor home is $20,000 which is the amount we were told she must charged If she wants to the sell six motor home.

Therefore The quantity effect of selling the sixth motor home is $20,000

You might be passed over for a promotion due to your image if you __________. a. Speak eloquently and without verbal tics b. Dress as well as your supervisors do every day c. Keep personal pictures publicly available online d. All of the above Please select the best answer from the choices provided A B C D

Answers

Answer:

I think it would be D but i am not for sure:]

Explanation:

Answer:

c

Explanation:

just took the test

When the increase in the price of one good causes the demand for another good to decrease, the goods are Group of answer choices normal. complements. inferior. substitutes.

Answers

Answer:

complements.

Explanation:

Complementary goods are those goods that can be used together. When there is complementary goods so if there is a rise in the price of one good so it reduced the quantity demanded for that particular good so automatically its complementary good demand is also reduced as the goods are used together

Therefore as per the given situation, the option 2 is correct

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