Ask Question, Ask an Expert


Ask Basic Finance Expert

Steve Bolten sold his sailboat for $225000. He paid a sales commission of 10% ($22500) to the boat brokers, had legal fees of $500, and had additional selling costs of $1000. What are Steve's total transcation costs. What are transaction costs as a percentage of gross selling price?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M943847

Have any Question? 

Related Questions in Basic Finance

Assignment lasa npv sensitivity risk bias and ethics in

Assignment: LASA: NPV, Sensitivity, Risk, Bias and Ethics in Capital Budgeting Investment projects should never be selected through purely mechanical processes. Managers should ask questions about the positive net presen ...

What is the separation hypothesiswhat is the integration

What is the separation hypothesis? What is the integration hypothesis? Which hypothesis appears to be more consistent with empirical evidence?

A number of latin american countries export coffee and

A number of Latin American countries export coffee and import other goods. A longterm drought now reduces coffee production in the countries of this region. Assume that they remain exporters of coffee. Explain why the lo ...

Your firm needs a computerized machine tool lathe which

Your firm needs a computerized machine tool lathe which costs $60,000 and requires $13,000 in maintenance for each year of its 3-year life. After three years, this machine will be replaced. The machine falls into the MAC ...

Comment on the following frank calls his broker to complain

Comment on the following: Frank calls his broker to complain that the stock the broker sold him has fallen in value and Frank has lost a lot of money. The broker says: "Look, I made money and the brokerage firm made mone ...

Assignment discussion-financing decisionsthe funding

Assignment: Discussion-Financing Decisions The funding choices of a company have important implications for both the risk and valuation of the company and the securities held by the corporate stakeholders. The analysis c ...

Suppose your firm is seeking a five year amortizing 210000

Suppose your firm is seeking a five year, amortizing $210,000 loan with annual payments and your bank is offering you the choice between a $215,500 loan with a $5,500 compensating balance and a $210,000 loan without a co ...

Activity instructionchoose a country not the united states

Activity Instruction Choose a country (not the United States or Canada) that has not already been chosen by another learner and post your country choice in the discussion area. Then, identify some political and currency ...

What is the minimum clearance that must be maintained

What is the minimum clearance that must be maintained between a crane and a 50-kV power line? Are there any exceptions to this rule; if so, what are the exceptions?

Detailsiron ore what iow casting company is considering

Details: Iron Ore What? (IOW) Casting Company is considering adding a new line to its product mix. Sydney Johnson, a recently minted MBA, will be conducting the capital budgeting analysis. The new production line would b ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate