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Tcecarenko [31]
2 years ago
11

On his road trip, Leon stops to refuel and get some snacks. He has the following purchases: 12 gallons of gas at $2.89 per gallo

n 2 granola bars for $1.59 each 1 apple for $0.89 2 bottles of vitamin water for $1.39 each Leon must pay 7.5% sales tax on everything but the gas, which already has tax included in the per gallon price. If Leon paid $44.64, then he _____ for his purchase
Business
2 answers:
Murljashka [212]2 years ago
7 0
Paid $2.60 too much :)
Nataly_w [17]2 years ago
4 0

Answer:

he paid 2.60 Leon paid too much

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Andy is talking to his friend Bruce, who has an interest in Arlington, LLC, about purchasing his LLC interest. Bruce’s outside b
dangina [55]

Answer:

$23,000

Explanation:

LLC interest for $18,000 +$5,000 one-fourth share of the LLC’s debt

=$23,000

Therefore If Andy bought Bruce’s LLC interest for $18,000, Andy’s outside basis in Arlington, LLC will be $23,000 because Andy's basis would equal the amount he paid for his LLC interest plus his share of the LLC debt which is why he would have a starting basis of $18,000 + $5,000 of LLC debt, or $23,000

7 0
2 years ago
As the winner of a contest, you are now CFO for the day for Maguire Inc. and your day's job involves raising capital for expansi
tigry1 [53]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

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5 0
2 years ago
25. Malcolm is working full-time and wants to make sure he's saving strategically for four specific goals: an emergency fund ($5
Degger [83]

A good strategy for saving or paying of debt is called the snow ball effect.

First, he would definitely need to save for his retirement before anything else.

Then you start tackling the smallest goal first. Once that one is paid off, you take that amount and apply it to the next goal and one from there.

8 0
2 years ago
Adnan Hassan earned 5% commission as a sales trainee. After
wel

Answer:

He earns $296780 as a Sales Trainee and $377094 as a Sales Associate

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Explanation:

Given

Let x represents his sales as a sales trainee

Let x represents his sales as a sales associate

Total Sales: x + y = 673874

Total Commission: 0.05x + 0.08y = 45006.52

Required

Find x and y

Equations

x + y = 673874 --- (1)

0.05x + 0.08y = 45006.52 --- (2)

Make  y the subject of formula in (1)

x + y = 673874

y = 673874 - x

Substitute this in (2)

0.05x + 0.08y = 45006.52

0.05x + 0.08(673874 - x) = 45006.52

Open Bracket

0.05x + 53909.92 - 0.08x = 45006.52

Collect Like Terms

0.05x  - 0.08x = 45006.52 - 53909.92

- 0.03x = -8903.4

Divide through by -0.03

x = \frac{-8903.4}{-0.03}

x = 296780

Recall that

y = 673874 - x

y = 673874 - 296780

y = 377094

<em>Hence;</em>

<em>He earns $296780 as a Sales Trainee and $377094 as a Sales Associate</em>

8 0
2 years ago
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