Q: A full-service broker charges a commission rate of 2.
A full-service broker charges a commission rate of 2.2% of the total dollar value of a stock transaction. A discount broker charges a transaction fee of $25 plus an additional five cents per share. Su...
See AnswerQ: A province’s progressive income tax rates are structured as follows: 16
A province’s progressive income tax rates are structured as follows: 16% tax on the first $15,000 of taxable income, 26% on the next $20,000, 35% on the next $40,000, and 45% on any additional taxable...
See AnswerQ: In 2018, Canada’s population was 36,954,000 and
In 2018, Canada’s population was 36,954,000 and Japan’s population was 127,185,000. Canada’s land area is 9,093,500 square kilometres but Japan’s area is only 377,835 square kilometres. To the nearest...
See AnswerQ: Graham and Stacy are having difficulty stretching their salaries to pay their
Graham and Stacy are having difficulty stretching their salaries to pay their bills. Before their marriage three months ago, they purchased new furnishings for their apartment. Then they paid for thei...
See AnswerQ: A sawmill requires a new saw for cutting small-dimension logs
A sawmill requires a new saw for cutting small-dimension logs. Model H, with a three-year service life, costs $119,000 and will generate an annual profit of $55,000. Model J, with a four-year service...
See AnswerQ: A property sold for 250% of what the vendors originally paid
A property sold for 250% of what the vendors originally paid for it. What was that original price if the recent selling price was $410,000?
See AnswerQ: The Calgary Flames hockey team announced that its season ticket sales of
The Calgary Flames hockey team announced that its season ticket sales of 13,500 represents 67.50% of the Scotiabank Saddledome’s seating capacity. How many seats were not sold to season ticket holders...
See AnswerQ: Studies have shown that the average adult male requires 7.5
Studies have shown that the average adult male requires 7.5 hours of sleep a night and females require 20 minutes more than males. If the average life expectancy in Canada is 82.7 years for women and...
See AnswerQ: Stan is a real estate salesperson. He receives 60% of
Stan is a real estate salesperson. He receives 60% of the 4.8% commission that the real estate agency charges on sales. If his income for the past year was $150,480, what was the dollar value of his s...
See AnswerQ: A stockbroker is paid 45% of the commission her firm charges
A stockbroker is paid 45% of the commission her firm charges her clients. If she personally receives $134.55 on an $11,500 transaction, what is the firm’s commission rate?
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