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saveliy_v [14]
2 years ago
5

The 20% off sale is a better deal than the $200 rebate or $150 coupon for the $1,500 dining set. The Porters budgeted $1,250 for

a new dining room set. Explain why this is the best deal for them. Are they under budget?
Business
2 answers:
inn [45]2 years ago
6 0

Answer:

Sample Response: Yes, the Porters are under budget. The 20% off sale is the best deal because $1,500 times 0.20 is $300. $300 is a bigger discount than the $150 coupon and $200 rebate. $300 off $1,500 is $1,200, which is less than the amount budgeted.

Explanation:

sample response on edge

vovikov84 [41]2 years ago
5 0

Answer:20% off is better and it is the only offer which is under the budget.

Explanation:Given,

The original cost of the dining set = $ 1,500,

If there is a off of 20%,

Then the discount on dinning table = 20% of 1500

= $ 300

So, the final amount of the dinning table after 20% off = 1500 - 300 = 1200 < 1250

Thus, it under the budget.

Now, in $ 200 rebate,

The new cost of the dinning table = 1500 - 200 = $ 1300 > 1250,

Thus, it is not under budget.

While, In $150 coupon,

The new cost of the dinning table = 1500 - 150 = $ 1350 > 1250,

Thus, it is not under budget.

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The earned income credit: a.Must be calculated on earned income as well as adjusted gross income in some cases. b.Is available o
melomori [17]

Answer:

Option A: Must be calculated on earned income as well as adjusted gross income in some cases

Explanation:

Earned Income Credit also abbreviated to EIC is known to be a refundable tax credit. It is usually for qualified (low-income) taxpayers who have earned income such as wages.

Earned income are simply wages, self-employment income, and eligible disability pay.

The reason/purpose of the Earned Income Credit is to limit or reduce the tax burden on working families with lower earned income.

7 0
2 years ago
Phil Frugal has been saving his pennies since he was 5 years old. He is now 45 and deposits his savings in a bank. His pennies t
marusya05 [52]

To calculate the values of reserves, required reserves, and excess reserves, while assuming a required reserve ratio of 10%, we have the required reserves to be $500.

This is because based on the assumed reserve ratio and the knowledge of the banking system, the required reserves is calculated as below.

Required Reserves: $5,000 × 0.10= $500.

Also, the calculated amount for the excess is: $4,500.

Where Required Excess: $5,000 - $500 = $4,500

The Reserves: $5,000.

Hence, in this case, it is concluded that the Required is $500, while the Excess is $4,500 and the Reserves is $5,000.

Learn more here: brainly.com/question/12988722

4 0
1 year ago
Kim is on a crew that sets up the equipment for a very popular musician. Before the concerts, she sets up lights, microphones, s
andrew11 [14]

Answer:

✔ Audio and Video Equipment Technician

✔ Broadcast Technician

✔ Film and Video Editor

✔ Sound Engineering Technician

Explanation:

5 0
2 years ago
Read 2 more answers
Cash Short and Over Entries 1. Based on the information, prepare the weekly entries for cash receipts from service fees and cash
Harrizon [31]

Answer:

Explanation:

The journal entries are shown below:

On April 2

Cash A/c Dr $266.50

Cash short and over A/c Dr $2

            To service fees revenue A/c $268.50

(Being service fees revenue is recorded)

On April 9

Cash A/c Dr $233.50

Cash short and over A/c Dr $4.25

            To service fees revenue A/c $237.50

(Being service fees revenue is recorded)

On April 16

Cash A/c Dr $311.00

            To Cash short and over A/c Dr $1.75

            To service fees revenue A/c $309.25

(Being service fees revenue is recorded)

On April 23

Cash A/c Dr $224.00

Cash short and over A/c Dr $2.50

            To service fees revenue A/c $226.50

(Being service fees revenue is recorded)

On April 30

Cash A/c Dr $322.00

            To Cash short and over A/c Dr $4.00

            To service fees revenue A/c $318.00

(Being service fees revenue is recorded)

4 0
2 years ago
Your customer purchases FYZ 4% convertible preferred stock at $60 per share. The conversion price is $10. With the common stock
KIM [24]

Answer:

$9

Explanation:

Calculation for how much the common shares of FYZ are trading

First step is to find the conversion ratio

Using this formula

Conversion ratio =Market price of the convertible+Conversion price)/Conversion price

Let plug in the formula

Conversion ratio=$70/$10

Conversion ratio=7

Second step is to calculate for the Parity price of the common stock

Using this formula

Parity price=Market price of the convertible / conversion ratio

Let plug in the formula

Parity price=$70/7

Parity price=$10

Last step is to calculate how much the common shares of FYZ are trading

Using this formula

Common shares =Parity price-Common stock trading point

Let plug in the formula

Common shares =$10-1

Common shares=$9

Therefore the common shares of FYZ are trading at $9

6 0
2 years ago
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