Answer:
Option B, the sealing tape was not removed from the toner cartridge, is the right answer.
Explanation:
Option B, is the correct answer because in the given case the problem of blank paper arises only after installing the toner cartridge. However, there may other reasons that cause the same problem as defective laser or corona wire. But, in the given case, there is some relation between the effect and the installation of the toner cartridge. Therefore, not removing the tape form toner before its installation is the correct answer.
On january 1, 2017, finch company issued $89,000 of five-year, 8% bonds when the market interest rate was 12%. the issue price of the bonds was $73,000. finch uses the effective-interest method of amortization for bond discount. semiannual interest payments are made on june 30 and december 31 of each year. how much interest expense will be recorded when the first interest payment is made? (round your answer to the nearest dollar number.)
Answer:
$4,380
Explanation:
The calculation of the interest expense recorded in the first year is given below:
= Issued price of the bond × market interest rate ÷ semi annual period
= $73,000 × 12% ÷ 2
= $73,000 × 6%
= $4,380
Therefore, the interest expense would be recorded when the interest payment is made is $4,380
We simply used the above formula
EarthShapers Inc., a manufacturer of heavy construction equipments based in U.S.A., maintains large sales and support operations overseas. Before sending new employees to its operations in Japan, it requires the employees to take courses in Japanese history and culture so that they can adjust more easily to living in Japan. This training focuses on the _____ component of international competence training.
Answer:
Cognitive.
Explanation:
In this scenario, EarthShapers Inc., a manufacturer of heavy construction equipments based in U.S.A., maintains large sales and support operations overseas. Before sending new employees to its operations in Japan, it requires the employees to take courses in Japanese history and culture so that they can adjust more easily to living in Japan. This training focuses on the cognitive component of international competence training.
The manager of a bulk foods establishment sells a trail mix for $5 per pound and premium cashews for $15 per pound. The manager wishes to make a 75-pound mixture of both that will sell for $13 per pound. How many pounds of each should be used
Answer:
15 pounds of trail mix60 pounds of premium cashewsExplanation;
75 pounds of the mixture should be made so assuming the trail mix is x and the premium cashew is y, the following expression is formed;
x + y = 75
The selling price per pound is $13 so in total, sales should be;
= 75 * 13
= $975
5x + 15y = 975
Substitution can then be used;
x + y = 75
y = 75 - x
Then;
5x + 15y = 975
5x + 15 ( 75 - x ) = 975
5x + 1,125 - 15x = 975
-10x = -150
x = 15
y = 75 - 15
= 60
15 pounds of trail mix
60 pounds of premium cashews
Which of the following statements about the waiver-of-premium provision in life insurance is true?
A) Because the probability of becoming disabled exceeds the probability of premature death, the cost to include this provision is usually prohibitive at younger ages.
B) Premiums are usually waived if the insured becomes partially disabled.
C) Life insurance protection continues in force during a period of disability, but dividends cease and cash values are reduced.
D) The disability must occur before a stated age, such as 65, for premiums to be waived.
Answer:
Correct Answer:
D) The disability must occur before a stated age, such as 65, for premiums to be waived.
Explanation:
In Life insurance, the individual insured against bad events that may likely occur in his or her life through an insurance company. This would led to the company to pay his beneficiary or the individual in question if such event happened.
For waiver-of premium to occur in a life insurance,the disability of the individual must occur before the age of 65 years which is assumed to be the retirement age.
Suppose that the central bank must follow a rule that requires it to increase the money supply when the price level falls and decrease the money supply when the price level rises. If the economy starts from long-run equilibrium and aggregate demand shifts right, the central bank must
Answer:
central bank must decrease the money supply, which shifts aggregate demand left
Explanation:
In such a situation as the one being described the central bank must decrease the money supply, which shifts aggregate demand left. This decrease in the money supply will lead to a decrease in consumer spending, thus reducing price levels and real output since there is less capital for spending in the economy, which ultimately causes the aggregate demand to shift to the left. Therefore creating balance in this situation.
If the economy is in long-run equilibrium and aggregate demand shifts right, the central bank must reduce the money supply, causing aggregate demand to shift left.
When the economy is in long-run equilibrium:
In a case like this, the central bank must reduce the money supply, which pushes aggregate demand to the left. Because there is less capital for spending in the economy, a fall in the money supply will lead to a decrease in consumer spending, lowering price levels and real output, causing aggregate demand to shift to the left. As a result, there is a sense of equilibrium in this circumstance.
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The primary result of a stock split or stock dividend is: Group of answer choices an increase in the number of common shares outstanding an increase in the common equity account an increase in the market value of common shares a decrease in the number of common shares outstanding an increase in the P/E ratio
Answer:
an increase in the number of common shares outstanding
Explanation:
A stock split is when a company increases the number of its shares outstanding.
for example if a company has 10 million shares outstanding at a price of $20, earning per share is $10 and dividend per share is $0.50. this company announces a 2 for 1 split :
the number of outstanding shares becomes 2 x 10 million = 20 million
stock price becomes = $40 / 2 =$20
earning per share = $10 / 2 = $5
dividend per share = $0.5 / 2 = $0.25
p/e before split = $40 / $10 = 4
P/E after split = $20 / $5 = 4
so stock per share, earning per share and dividend per share decreases. P / E remains unchanged
If the Central Bank of Macroland puts an additional 1,000 dollars of currency into the economy, the public deposits all currency into the banking system, and banks have a desired reserve/deposit ratio of 0.10, then the banks will eventually make new loans totaling ______ and the money supply will increase by _______.
a. 9,000; 10,000
b. 9,000; 9,000
c. 10,000; 9,000
d. 10,000; 10,000
Answer:
a. 9,000; 10,000
Explanation:
The computation is shown below:
The money multiplier is
= 1 ÷ 0.10
= 10
Now If $1,000 are deposited in banks and the expected reserve ratio is 0.10 ration so the lending amount is $900.
And now if we considered the money multiplier, so it would be increased by
= $900 × $10
= $9,000
And, the increase in money supply is
= $9,000 + $1,000
= $10,000
Hence, the correct option is a.
Roberta is a real estate licensee representing the buyer. The buyer asks to see homes in a specific neighborhood. Roberta refuses to show any homes in that neighborhood to the buyer and tells the buyer, Nobody from your country lives in that neighborhood. Has Roberta violated any fair housing laws?
Answer:
Yes.
Explanation:
The fair housing law act is a law prohibits discrimination in the process of renting , buying or selling a house. This discrimination may be based on race , skin , color , sex , nationality ,or any other characteristic towards a protected group,
Declining the buyer the opportunity to inspects home in a particular neighborhood because nobody form his country lives in that area is an act that violates fair housing laws as the process seems to be biased towards a group of people from a particular country.
PIOs should A. request additional assistance through the National Public Information Support Network. B. seek media release approval from the Communication Unit Leader. C. compile a go kit to allow for lengthy deployments to a long-term incident. D. report to the Finance/Admin Section Chief when arriving at an incident.
Answer:
B. seek media release approval from the Communication Unit Leader.
Explanation:
A PIO (public information officer) is responsible for managing communications with the media, public and other agencies regarding information on incidents. Before media releases the PIO is to first obtain approval from the incident commander as well as limits on the information to the released. PIO are also responsible for interviews and briefings regarding briefings, manage media and public inquiries, monitor information being reported so as to ensure accuracy
Two years ago, a customer purchased 1,000 shares of ABC stock at $45 per share. The stock has appreciated in value and is currently worth $60,000. The company announces that it is spinning off a subsidiary, DEF, to its shareholders. The value of the new company being spun off equals 5% of the old company. The customer will have:___________
Answer:
Explanation:
Spin off can be defined as the splitting of the shares of an existing company in order to form an independent new entities as part of larger business.
In calculating the spill off value of a business ,the aggregate cost of the business is used and not the aggregate cost.
Workings
Shares stock acquired = 1,000
initial share price = $45
Total share value = 45*1000=45,000
Percentage split off to DEF= 5%
Value split off = 5%*45,000 =2,250
Percentage retained in ABC = 95%*5,000
=42,750
Three Point Sports Inc. manufactures basketballs for the Women's National Basketball Association (WNBA).
For the first 6 months of 2017, the company reported the following operating results while operating at 80% of plant capacity and producing 119,400 units:
Sales $4,656,600
Cost of goods sold 3,684,708
Selling and administrative expenses 526,292
Net income $445,600
Fixed costs for the period were cost of goods sold $ 960,000 and selling and administrative expenses $ 266,000.
In July, normally a slack manufacturing month, Three Point Sports receives a special order for 10,000 basketballs at $ 28 each from the Greek Basketball Association (GBA).
Acceptance of the order would increase variable selling and administrative expenses by $ 0.77 per unit because of shipping costs but would not increase fixed costs and expenses.
Required:
(a) Prepare an incremental analysis for the special order.
(Round all per unit computations to 2 decimal places)
Reject Order Accept Order Net Income Increase (Decrease)
Revenues $ $ $
Cost of goods sold
Selling and administrative expenses
Net income $ $ $
(b) Should Three Point Sports Inc. accept the special order?
(c) What is the minimum selling price on the special order to produce net income of $5.16 per ball?
(Round answer to 2 decimal places)
Answer:
a) incremental analysis
normal selling price = $39 per ball
variable costs per unit:
variable COGS $22.82variable S&A $2.18 + $0.77 = $2.95special order for 10,000 balls at $28
INCREMENTAL ANALYSISwithout special with special differential
order order amount
sales revenue $0 $280,000 $280,000
COGS $0 $228,200 $228,200
S&A expenses $0 $29,500 $29,500
Net income $0 $22,300 $22,300
b) The special order should be accepted because it increases operating profits by $22,300
c) current margin = $2.23 per ball
sales price to produce net income of $5.16 per ball = $28 + ($5.16 - $2.23) = $30.93 per ball
A. an incremental analysis of $2.95
B. Increases operating profits by $22,300
C. The minimum selling price is $30.93 per ball
Calculation of Fixed costsa) The incremental analysis
Then, normal selling price = $39 per ball
variable costs per unit:
variable COGS $22.82
Therefore, variable S&A $2.18 + $0.77 = $2.95
special order for 10,000 balls at $28
INCREMENTAL ANALYSIS
without special with special differential
order order amount
sales revenue $0 $280,000 $280,000
COGS $0 $228,200 $228,200
S&A expenses $0 $29,500 $29,500
Net income $0 $22,300 $22,300
b) When The special order should be accepted because it increases operating profits by $22,300
c) Then, The current margin is = $2.23 per ball
After that sales price to produce net income of $5.16 per ball is = $28 + ($5.16 - $2.23) = $30.93 per ball
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Yvonne authorizes Warren to act as her agent and sell her vehicle. Yvonne tells Warren her vehicle has never been in an accident, and Warren, despite knowing Yvonne had been in an accident a year ago in the car, passes this information on to the buyer. Is Warren liable for the misrepresentation:__________
Answer:
no
Explanation:
because he does something that he don't know what will happen ..and do not research for someone who want to hers car
The following per unit cost information is available: direct materials $36, direct labor $24, variable manufacturing overhead $18, fixed manufacturing overhead $40, variable selling and administrative expenses $14, and fixed selling and administrative expenses $28. Its desired ROI per unit is $30. Compute its markup percentage using a total-cost approach
Answer:
Mark−up percentage = 18.75%
Explanation:
Total manufacturing cost= Direct material + Direct labor + Variable overhead + Fixed overhead
= $36 + $24 + $18 + $40
= $118
Hence, the total manufacturing cost is $118.
Total selling cost = Fixed selling cost + Variable selling cost
Total selling cost = $28 + $14
Total selling cost = $42
Hence, the total selling cost is $42
Total cost = Total Manufacturing cost + Total selling cost
Total cost = $118 + $42
Total cost = $160
Mark−up percentage = ROI / Total cost * 100
Mark−up percentage = $30 / $160 * 100
Mark−up percentage = 0.1875 * 100
Mark−up percentage = 18.75%
Coda Inc. is an apparel manufacturer. The management at Coda prefers moderate control over the operations of the different departments such as R&D, design, marketing, and sales. It allocates a budget to each function at the beginning of each quarter. This is an example of implementing control through _____.
Answer: input control
Explanation:
From the question, we are informed that Coda Inc. is an apparel manufacturer and that the management at Coda prefers moderate control over the operations of the different departments such as R&D, design, marketing, and sales.
We are further told that it allocates a budget to each function at the beginning of each quarter. This is an example of implementing input control.
Select all businesses directly involved in marketing.
Bank
Marketing research form
medical center
government agency
car dealership
advertising agency
Answer:
The correct options are;
Marketing research firm
Advertising agency
Explanation:
Marketing research firms are firms that undertake field data sourcing and assessment with regards to goods and services consumers, local and international competitors, market distribution networks as forces and participants as well as other factors that determine a market place. Market research firms usually work in behalf of other organisations
An advertising, creative, or ad agency are establishment that plan, handle and develop advertising, sales promotions and marketing campaign for their business customers.
The buyers purchased a residence for $195,000. They made a down payment of $25,000 and agreed to assume the seller's existing mortgage, which had a current balance of $123,000. The buyers financed the remaining $47,000 of the purchase price by executing a mortgage and note to the seller. This type of loan, by which the seller becomes a mortgagee, is called a
Answer:
purchase-money mortgage
Explanation:
This type of loan, by which the seller becomes a mortgagee, is called a purchase-money mortgage. As described, this is a mortgage issued to the borrower by the current seller of the home as part of the purchase transaction. This usually tends to occur when the buyer cannot qualify for a traditional lending channel mortgage, and in this scenario the buyer can instead become a mortgagee through a simple buying and selling transaction.
Hawkins Poultry Farms is considering the purchase of feeding equipment that costs $139,000 and will produce annual cash flows of approximately $36,000 for five years. The equipment is expected to be sold at the end of five years for $40,000. What is the net present value of the proposed investment
Answer:
NPV = $1,564.65
Explanation:
Here is the full question :
Hawkins Poultry Farms is considering the purchase of feeding equipment that costs $139,000 and will produce annual cash flows of approximately $36,000 for five years. The equipment is expected to be sold at the end of five years for $40,000.
What is the net present value of the proposed investment? Hawkins requires a 15 percent return on all capital investments
Net present value is the present value of after tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-139,000
Cash flow each year from year 1 to 4 = $36,000
Cash flow in year 5 = $36,000 + $40,000 = $76,000.
i = 15%
NPV = $1,564.65
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
A company is considering purchasing a machine that costs $280,000 and is estimated to have no salvage value at the end of its 8-year useful life. If the machine is purchased, annual revenues are expected to be $100,000 and annual operating expenses exclusive of depreciation expense are expected to be $38,000. The straight-line method of depreciation would be used. If the machine is purchased, the annual rate of return expected on this machine is:__________.
Answer:
19.29%
Explanation:
We can calculate Annual Rate of Return by using the following formula:
ARR = Net Income / Average Investment
Here
Net Income $27,000 Step1
Average Investment $140,000 Step2
By putting values, we have:
ARR = $27,000 / $140,000 = 19.29%
Step1: Net Income
Net Income = Annual Revenue - Depreciation - Operating Expenses
Here
Annual Revenue = $100,000 - $280,000/8 - $38,000
= $100,000 - $35,000 - $38,000
= $27,000
Step2: Average Investment
Average Investment = (Initial Investment + Scrap Value)/ 2
Average Investment = ($280,000 + 0)/2 = $140,000
Jessica invested her savings in two investment funds. The amount she invested in Fund A was $8000 less than the amount she invested in Fund B. Fund A returned a 2% profit and Fund B returned a 8% profit. How much did she invest in Fund B, if the total profit from the two funds together was $2140
Answer:
23,000
Explanation:
Jessica invested her savings in two investment funds
The amount that she invested in fund A was $8000 than the amount invested in fund B
A + B = -8000.......... equation 1
Fund A returned 2% profit and fund B returned 8% profit
2/100= 0.02 , 8/100= 0.08
0.02A + 0.08B= 2140.............equation 2
From equation 1
A -B= -8000
A= -8000+B
Substitute -8000-B for A in equation 2
0.02(-8000+B) + 0.08B= 2140
-160+0.02B + 0.08B= 2140
-160 + 0.1B= 2140
Collect the like terms
0.1B= 2140+160
0.1B= 2300
B= 2300/0.1
B= 23,000
From equation 1
A-B= -8000
A= -8000+B
Substitute 23,000 for B
A = -8000+23000
A= 15,000
Hence Jessica invested 23,000 in fund B
Vaughn Manufacturing's allowance for uncollectible accounts was $190000 at the end of 2020 and $178000 at the end of 2019. For the year ended December 31, 2020, Vaughn reported bad debt expense of $31000 in its income statement. What amount did Vaughn debit to the appropriate account in 2020 to write off actual bad debts?
Answer: $19000
Explanation:
From the question, we are informed that Vaughn Manufacturing's allowance for uncollectible accounts was $190000 at the end of 2020 and $178000 at the end of 2019 and that for the year ended December 31, 2020, Vaughn reported bad debt expense of $31000 in its income statement.
The amount that Vaughn debited to the appropriate account in 2020 to write off actual bad debts will be:
= $31000 - ($190000 - $178000)
= $31000 - $12000
= $19000
Strikes are much more disruptive in pro sports than in mainstream business because A. players have unique talents and cannot be replaced with temporary replacement workers. B. professional athletes' salaries are so much higher than the average worker. C. sports are seasonal, thus have less time to realize revenue. D. All of these are correct.
Answer:
A. players have unique talents and cannot be replaced with temporary replacement workers.
Explanation:
The reason for disturbing strikes in pro sports as compared with the mainstream business is due to unique talents in players that cannot be easily found also it should not be replaced with the temporary workers.
As due to unique talents of players the win chances of games could be high
Therefore the correct option is a.
The ending retained earnings balance of the Taco Heaven restaurant chain increased by $2.6 million from the beginning of the year. The company had declared a dividend of $1.5 million. What was the net income earned during the year
Answer: $4.1 million
Explanation:
From the question, we are informed that the ending retained earnings balance of the Taco Heaven restaurant chain increased by $2.6 million from the beginning of the year and that the company had declared a dividend of $1.5 million.
The net income earned during the year will be:
= $2.6 million + $1.5 million
= $4.1 million
"A customer contributed $20,000 to a variable annuity contract. The account value has grown over the years and the NAV is now $35,000. The customer is now age 60, and takes a lump-sum distribution of $20,000 to pay for expenses. Which statement is TRUE?"
Answer: C. $15,000 of the distribution is taxable and $5,000 is not taxable
Explanation:
The options to the question are:
A The entire $20,000 distribution is not taxable
B $5,000 of the distribution is taxable and $15,000 is not taxable
C $15,000 of the distribution is taxable and $5,000 is not taxable
D The entire $20,000 distribution is taxable
It should be noted that variable annuity contributions are typically not tax-deductible. Since the customer contributed $20,000 to a variable annuity contract and the account value has grown over the years and the NAV is now $35,000; when the customer takes a lump-sum distribution of $20,000. From the $20,000, $15,000 of the distribution is taxable and $5,000 is not taxable.
In its first year of operations, Roma Company reports the following. Earned revenues of $57,000 ($49,000 cash received from customers). Incurred expenses of $31,500 ($24,450 cash paid toward them). Prepaid $9,750 cash for costs that will not be expensed until next year.Compute the company's first year net income under both thecash basis and the accrual basis of accounting.
Answer:
Computation of expenses under Cash basis
Particulars Amount$
Expenses paid $24,450
Add: Prepaid expenses paid $9,750
Total expenses paid $34,200
Computation of the Net Income
Particulars Cash basis Accrual basis
Revenue $49,000 $57,000
Less: Expenses $34,200 $24,450
Net Income $14,800 $32,550
In 2006, Gap Inc. ended their relationship with 23 production facilities due to code violations. Several closings occurred because of the use of child labor. In response to these events the Gap created a large team whose purpose is to travel worldwide to ensure compliance with their Code of Vendor Conduct. This is an example of
Answer: Social responsibility.
Explanation: The action portrayed by Gap Inc. demonstrates an expemplary attitude worthy of emulation which nails down the principle of social responsibility by organizations. This principle looks beyond the profits and revenue generated by the company but also aims to play it's role and ensure that it's actions does not violate or degrade social ethics. The closure of some facilities due to human right violation and subsequent enforcement of compliance with the code and conduct is a strict signal towards the company's strict stance at supporting and enforcing social responsibility.
Levine Company uses the perpetual inventory system. Apr. 8 Sold merchandise for $8,800 (that had cost...
Levine Company uses the perpetual inventory system.
Apr. 8 Sold merchandise for $8,800 (that had cost $6,503) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee.
12 Sold merchandise for $8,600 (that had cost $5,573) and accepted the customer's Continental Card. Continental charges a 2.5% fee.
Prepare journal entries to record the above credit card transactions of Levine Company. (Round your answers to the nearest whole dollar amount.)
Answer:
Date General Journal Debit Credit
Apr 8 Cash $8,448
Credit card expenses $352
(8,800 * 4%)
Sales $8,800
(Sales of merchandise, receipt of cash
and credit card charges recorded
Apr 8. Cost of Goods sold $6,503
Merchandise Inventory $6,503
(Cost of goods sold recorded)
Apr 12. Cash $8,385
Credit card expense $215
(8,600 * 2.5%)
Sales $8,600
(Sales of merchandise, receipt of cash
and credit card charges recorded
Apr 12 Cost of goods sold $5,573
Merchandise Inventory $5,573
(Cost of goods sold recorded)
Advertisements for hygiene products like toothpaste and soap tend to feature doctors as spokespersons endorsing the products.Consumers perceive these doctors to possess a substantial knowledge on health and hygiene.Which of the following characteristics of the message source is represented by this example?A) ExpertiseB) CongruityC) VisibilityD) AttractivenessE) Simplicity
Answer: A.) Expertise
Explanation: The endorsement usually offered by doctors during advert placement on products in the hygiene category such as soap, toothpaste and sanitary products is used to denote expertise. Doctors are well known and highly revered in areas of medicine including hygiene and health, there endorsement of such products is much likely to lead to higher approval rate among consumers and thus success of the product than endorsement offered by non-health or hygiene professional such as a banker.
Suppose you manage a delivery company and you must choose between two transportation methods: (a) truck or (b) train. (a)Trucks: Costs U$ 26,000 upfront. For each mile it runs it costs U$ 2.00 in gas. Maintenance costs U$ 4,000 per year and additional U$ 1.00 per mile run. (b)Train: To lease a container that carries the same volume of orders as the truck it costs U$ 10.000 per year. In addition it costs U$ 4.00 per mile to move orders around. Which method has the lowest cost
Answer:
Which method has the lowest cost: Train.
Explanation:
From the scenario given between using the truck or train for transportation, the option with the lowest cost happens to be by train despite having high cost per mile for moving the goods.
For example, if the goods is to be moved over 1000 miles, it would cost the truck higher than when the train was used.
For Truck:
Cost of Truck: $26,000
Gas: $2 × 1000 = $2000
Extra: $1 × 1000 = $1000
Total: $29,000
For Train:
Cost: $10,000
Mile cost: $4 × 1000 = $4000
Total: $14,000
Therefore, for every 1000 miles covered, it was cheaper to use the train (lease a container carrier in train) than to use the Truck.
All of the following statements regarding technical analysis are correct except A) technical analysts use terms such as trendline, support, and resistance in analyzing stocks. B) technical analysts rely on charts to predict the future prices of stocks. C) technical analysts rely heavily on financial ratios in their analysis of stocks. D) technical analysts attempt to predict the future movement of stock prices based on past trends.
Answer:
C
Explanation:
Technical analysis is a trading tool used to evaluate investment and trading opportunities by gathering and analyzing trends from trading activities , thereby it is able to predict future prices of stocks based on past trends.
The analyst does not rely on financial ratios in the analysis of stocks as financial ratio is mostly used by fundamental analyst in financial performance evaluation and not by technical analysts in predicting changes in stock movements
A property sold for $198,000 with a listing commission of 8%. The selling office is to receive 40% of the total commission. How much will the listing salesperson receive if she is paid 60% of the amount retained by the listing broker?
Answer:
$5,702.4
Explanation:
A property is sold for $198,000 with a listing commission of 8%
The selling office is to receive 40%
The first step is to calculate the total commission
= $198,00×8/100
= $198,000×0.08
= $15,840
Listing brokers commission
=$15,840×60/100
= $15,840×0.6
= 9,504
Therefore, the amount of listing that will be received by the sales person can be calculated as follows
= 9,504×60/100
= 9,504×0.6
= $5,702.4
Hence the salesperson will receive a listing of $5,702.4
