He paid a sales commission of 10 22500 to the boat brokers, Ask an Expert

Finance

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?

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M943847

Have any Question?Write your Review or question?

Related Questions in Basic Finance

You are 25 years old and have not started saving for

You are 25 years old and have not started saving for retirement yet. You want to retire at 55. You want $1,000,000 in your account. You can earn 5% on average over the next 30 years. How much do you have to save each mon ...

Financial derivatives and risk management assignment -1

Financial Derivatives and Risk Management Assignment - 1. Calculate the PV of $10,000 to be received in ten years under various compounding frequencies: (1) Annual compounding at 10% (2) Monthly compounding at 10% (3) Co ...

What is forward marketgive some example of forward market

What is forward market? Give some example of forward market in tourism Analyze characteristics, advantage and disadvantage from the example

Zero-coupon bonds with a par value of 1000000 have a

Zero-coupon bonds with a par value of $1,000,000 have a maturity of 10 years and a required rate of return of 9 percent. What is the current price?

Sidney took a cash advance of 300 by using checks linked to

Sidney took a cash advance of $300 by using checks linked to her credit card account. The bank charges a cash advance fee of 4 percent on the amount borrowed and offers no grace period on cash advances. Sidney paid the b ...

A corporate bond is currently selling for 840 it has 5

A corporate bond is currently selling for $840. It has 5 years till maturity, 6% coupon, and YTM=10%. What is the par value?

1 your firm expects to incur a 500k loss in year 1 and make

1. Your firm expects to incur a ($500K) loss in year 1 and make $100K of net income in year 2 and $300K of net income in year 3. The retention ratio is projected to be 100%. The beginning equity balance on the balance sh ...

Mrs salmon agrees to repay a loan by paying 500 at the end

Mrs. Salmon agrees to repay a loan by paying $500 at the end of each month for 5 years. The first payment is due at the end of the 6th month from today and the remaining payments will continue for another 59 months. If t ...

Corporate financewhich publicly traded stock in your

Corporate finance Which publicly traded stock in your opinion is well-positioned to perform well next year? Why?

Evaluate the following fund using single-index modelfund

Evaluate the following fund using single-index model: Fund 1: Alpha (a): 1.1 Beta (B): 1.9 Variance (e): 100 Market risk expected return is 8%, and an expected standard deviation =12.25% or market variance 150. Using the ...

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

Recent Questions

Ask Basic Finance Expert