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pav-90 [236]
3 years ago
7

Vendors at Municipal Stadium sell their wares at prices that include the city, state, and transit district sales taxes; the tota

l of these taxes is 8.25 percent when added to prices that do not include the sales tax.
a. Convert this 8.25 percent tax-exclusive sales tax rate into its tax-inclusive equivalent rate (Hint: Use the method outlined for VAT calculations.)
b. A vendor has receipts (including sales tax) at a game of $15,325. What sales tax must the vendor remit to the tax authorities?
Business
1 answer:
dem82 [27]3 years ago
7 0

Answer:8.25/108.25

It means the goods is sold of tax inclusive rate 8.25

B.$1167.96

8.25/108.25 * 15325= $1167.96 this is the amount to be remitted to the tax authority as the sales was inclusive of vat.

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Suppose the current price of a good is $195. At this price, the quantity supplied is 160 units, and the quantity demanded is 200
KonstantinChe [14]

• eqm Q = 175

• eqm P = $ 190

<u>Explanation:</u>

At current price,  Quantity Demanded is less than Quantity supplied

As Qd = 200, Qs = 160

• so market is currently experiencing a deficiency, as Qd > Qs

•so to adjust, market price will incraese,

so that Quantity Demanded decrease & Quantity supplied increases, till Qd = Qs

• eqm Q = 175

• eqm P = $ 190

As if P falls by 1, then P = 194

Qd = 200 minus 5= 195

Qs = 160 plus 3= 163

If P = 193, Qd = 190, Qs = 166

If P = 191, Qd = 180, Qs = 172

P = 190, Qd = 175, Qs = 175

6 0
3 years ago
One reason people do not get enough to eat in a country is because:
Assoli18 [71]

Answer:

C

Explanation:

One reason people do not get enough to eat in a country is because some crops are grown for export, leaving little to consume internally.

The amount of money made by expoting this crops is more beneficial to the economy and to the farmers that they prefer to export than to sell locally.This akes the crops scare in the country and equally very expensive.

7 0
3 years ago
An investment has the option of daily compounding, monthly compounding, or annual compounding. The present value of this investm
Readme [11.4K]

Answer:

True

Explanation:

The statement ' An investment has the option of daily compounding, monthly compounding, or annual compounding. The present value of this investment will be lowest when the investment is compounded daily ' is true.

Investment refers to the process of investing money to earn money.

Investment refers to purchasing goods that may not be used today but are consumed in the future to create wealth.

6 0
3 years ago
In business writing, it is effective to tell a story because readers can_____.
Elan Coil [88]
Write the story brief so the readers can paraphrase. they can basically rewrite it.<span />
7 0
3 years ago
Read 2 more answers
The Bert Corp. and Ernie, Inc., have both announced IPOs. You place anorder for 1,100 shares of each IPO. One of the IPOs is und
Sati [7]

Answer:

The profit expected from the two IPOs is $2887.5

Explanation:

For the overpriced IPO,1100 shares would be received and since the share was overpriced by $6.25, an instant loss of $6,875 ($6.25*1100) is recorded.

For the under-priced IPO ,550 shares (1100 shares divided by 2) would be received and the immediate gain recorded is $9,762.5(550 *$17.75)

Overall the two portfolios, when taken together,give an immediate gain of $2,887.50(gain of $9,762.50 less loss of $6,875 )

This is power of portfolio diversification, that managing potential investment losses by spreading one's investment.

5 0
3 years ago
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