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Dmitry_Shevchenko [17]
3 years ago
12

State sales tax y is directly proportional to retail price x. an item that sells for 170 dollars has a sales tax of 10.22 dollar

s. find a mathematical model that gives the amount of sales tax y in terms of the retail price x.
Business
1 answer:
scZoUnD [109]3 years ago
6 0
Im guessing sales tax would be 6.25%?
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In 2018, Bratten Fitness Company made the following cash purchases:
Nadusha1986 [10]

Answer:

Date           Particular                                         DR                          CR

a.               Patent                                               $214,500

                  Cash                                                                            214,500

          <em>Being total payment for the exclusive right </em>

<em>to produce X-core machine </em>

b.              Brand name                                        260,000

               Exercise Equipment                             403,000

                 cash                                                                       663,000

<em>Being the payment for the brand name of Silver Gym </em>

<em>and exercise equipment  </em>

<em>c.            </em>Copyright                                                  22,000

               Cash                                                                          22,000

<em>Being the payment for the exclusive right to sell Healthy book</em>

Explanation:

there is no journal enrty for the amount to be paid to Silver Gym on a monthly basis when the sales begin because the money has not been paid.

6 0
3 years ago
A manufacturer of printed circuit boards is considering purchasing a new surface mount technology component placement system. Tw
Darina [25.2K]

Answer:

R is a better alternative because it has a higher NPV than Q.

Explanation:

Machines                            Q                                  R

First costs                   $380,000                  $395,000

Net annual revenue $150,000 in year 1,      $152,500

                                  increasing by $500

                                   per year thereafter  

Salvage value               $4,000                             0

Life, years                           8                                 10

MACRS 7 year recovery:

year                    %                         Q                           R

1                      14.29%               54,302                  56,445.50

2                    24.49%               93,062                  96,735.50    

3                     17.49%               66,462                  69,085.50

4                     12.49%               47,462                  49,335.50

5                      8.93%               33,934                   35,273.50

6                      8.92%               33,896                  35,234.00

7                      8.93%               33,934                   35,273.50

8                      4.46%                16,948                    17,617.00

net cash flow

year                                    Q                           R

1                                     116,505.70                   118,880.93

2                                    130,396.70                  132,982.43    

3                                    121,411.70                     123,304.93

4                                    115,086.70                   116,392.43

5                                    110,676.90                    111,470.73

6                                    110,930.10                    111,456.90

7                                    111,326.90                     111,470.73

8                                    108,306.80                 105,290.95

9                                                                            99,125

10                                                                           99,125

Using a financial calculator, I calculated the NPV using a 12% discount rate:

  • Q's NPV = $200,636.15
  • R's NPV = $259,221.01

6 0
3 years ago
The following information pertains to the Frameworks Corporation for May. Calculate the cost of goods sold for the period:Beginn
ANTONII [103]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Beginning Finished Goods Inventory $19,500

Ending Finished Goods Inventory$18,000

Cost of Goods Manufactured $126,800

To calculate the cost of goods sold we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 19,500 + 126,800 - 18,000= $128,300

6 0
3 years ago
A notice is published stating that RMO 5% convertible preferred stock will be called at $60 per share. The preferred is converti
dybincka [34]

Answer: d. A price near $60

Explanation:

The Preferred Stock was selling at $56 then a notice was circulated that RMO would be calling the stock at a price of $60.

This $60 is more than the current $56 and so this will need to reflect in the price of the stock. The adjustment will cause the Preferred stock to start trading near $60 as traders will seek to take advantage of the impending call by buying at a lower price and thus making a bit of profit when the stock is called at $60. The market will adjust to this because the Preferred stock will be perceived as undervalued. A price closer to the Call price will therefore become the new price to properly value the stock.

6 0
3 years ago
suppose an economy is hit with a positive oil price shock in one period that raises the level of oil prices permanently. if adap
Tasya [4]

The economy is hit with a positive oil price shock in one period that raises the level of oil prices permanently. if adaptive expectations hold, this wil shift the AS curve up initially and then shift the AS curve back to original position in the following period.

<h3>What is the AS curve?</h3>

The aggregate supply curve describes the amount of real GDP that  the economy supplies at different price levels. The reasoning used to construct the aggregate supply curve is different from the reasoning used to construct the supply curves of individual goods and services. The supply curve for a single good is constructed under the assumption that the prices of production inputs remain unchanged. If the price of good X rises, the unit cost for sellers to supply good X does not change,  so sellers are willing to supply more of good X - so the supply curve for good X shifts upward. However, the aggregate supply curve is determined based on the price level. An increase in the price level increases the price  producers receive for their output and thus increases production.

To learn more about AS curve, refer;

brainly.com/question/14020407

#SPJ4

4 0
1 year ago
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