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Luda [366]
2 years ago
11

Lesson 6 problem-solving practice sales tax, tips, and markup 1. skateboards inez wants to buy a skateboard but she does not kno

w if she has enough money. the price of the skateboard is $80 and the sales tax is 7%. what will be the total cost of the skateboard
Business
2 answers:
notsponge [240]2 years ago
6 0

After you multiply 7% to 80 you will be left with 5.60, then you add 5.60 to 80 to get $85.60. So if she has any more than $85.60 then she will be able to buy the skateboard

Iteru [2.4K]2 years ago
6 0

Answer:

The total cost of the skateboard is $85.6.

Explanation:

The total cost of the skateboard would be $80 plus the sales tax that is 7% of the price. So, you have to multiply $80 for 7% to determine the amount that would be paid as sales tax:

$80*7%=$5.6

Then, you have to add the price of the skateboard with the tax to have the total cost:

$80+$5.6= $85.6

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Subheads work best for which level of the creative pyramid?
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The creative pyramid is a model that can help imaginative groups change over the promoting methodology and the huge thought into the genuine physical advertisement or business. Subheads work best for interest level of the creative pyramid 
8 0
2 years ago
A vintner is deciding when to release a vintage of Sauvignon Blanc. If it is bottled and released now, the wine will be worth $2
Alex_Xolod [135]

Answer:

The difference in the benefit the vintner will realize if he releases the wine after barrel aging it for one year or if he releases the wine now is $ 328,972

Explanation:

According to the given data we have the following:

Value if the wine is released now = $2.2 m = $2,200,000

Value of the wine after 1 year = $2,200,000×1.15%= $2,530,000

Additional Cost = $528,000

Interest Rate = 7%

Hence, Value of the wine now =($2,530,000- $528,000) / (1+0.07)

Value of the wine now =$1,871,028

Therefore, The  difference = $2,200,000 -$1,871,028

The  difference =$328,972

The difference in the benefit the vintner will realize if he releases the wine after barrel aging it for one year or if he releases the wine now is $ 328,972

6 0
2 years ago
6-19. Six sites have been identified for a parking lot in downtown Blacksburg. Because the sites are plots of land, their salvag
Lemur [1.5K]

Answer:

Site B should be chosen based on the IRR criterion

Explanation:

Please check the attached image for the complete question

The internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.

When comparing projects, the project with the highest IRR should be chosen.

I hope my answer helps you

3 0
2 years ago
On August 1, 2018, Trico Technologies, an aeronautic electronics company, borrows $20.3 million cash to expand operations. The l
Vaselesa [24]

Answer:

Aug 1

Dr Cash 20,300,000

Cr Notes payable 20,300,000

Dec 31

Dr Interest expense 510,000

Cr Interest payable 510,000

Jan 31

Dr Notes payable 20,400,000

Dr Interest expense 102,000

Dr Interest payable 522,500

Cr Cash 21,024,500

Explanation:

Trico Technologies Journal entries

Aug 1

Dr Cash 20,300,000

Cr Notes payable 20,300,000

Dec 31

Dr Interest expense 510,000

Cr Interest payable 510,000

(20,400,000*5/12*6%)

Jan 31

Dr Notes payable 20,400,000

Dr Interest expense 102,000

($20,400,000×1/12*6%)

Dr Interest payable 522,500

(20,400,000*5/12*6%)

Cr Cash 21,024,500

3 0
2 years ago
Read 2 more answers
The Albertville City Council decided to pool the investments of its General Fund with Albertville Schools and Richwood Township
olasank [31]

Answer: A1 City of Albertville journal Investment trust fund Dr 915,000

Investment Cr. 915,000

Narration transfer of investment to joint investment trust fund

A2.Albertville School journal

Investment trust fund Dr 4,300,500

Investment. Cr. 4,300,500

Narration. Transfer of investment to

Joint investment with city Albertville

A3.Rich Township Journal

Investment trust fund Dr $3934500

Investment. CR 3934500

Narration Transfer of investment to joint investment trust fund city of Albertville.

B. Investment trust fundDr 9,150,000

City of Albertville Cr 915,000

Albertville School Cr 4,300,500

Rich Township. Cr 3934500

Narration record of joint investment

trust fund by firm's on fund inception.

4 0
2 years ago
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