To find the Inn's nightly cost before tax is added you will divide the total cost of the room $144.16 by the tax rate of 6%. When you divide the tax rate you will move the decimal over and use the number 1.06 (6%). When you divide $144.16 by 1.06 the answer is $136 per night before tax. To check your work you can multiply $136 by 1.06 giving you a total cost of $144.16 after tax.
Answer:
0.4025
Explanation:
The computation of the four-firm concentration ratio is shown below:
= (1st firm sales + 2nd firm sales + 3rd firm sales + 4th firm sales) ÷ (Total firm sales)
= ($270,000 + $215,000 + $190,000 + $130,000) ÷ ($2,000,000)
= ($805,000) ÷ ($2,000,000)
= 0.4025
We simply divide the top four firm sales by the total firm sale sales
Option C. The type of retirement plan that the individual would have to make the maximum contribution is the sep ira.
<h3>What is the retirement plan?</h3>
This is the term that is sued to refer to the plan that is done in such a way that it has to help a person to take care of their post retirement. This is done through the saving of money in such a way that it would help to take care of the periods that they have become old and no longer working.
Hence the SEP IRA is also called the simplified employee pension plan. Therefore the type of retirement plan that the individual would have to make the maximum contribution is the sep ira.
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Answer:
The answer is The enthusiasm of 12% every year levels with a month to month rate of 1%; month to month intrigue is $91 ($9100X 1%). Since aggregate intrigue cost is $91, the note has been exceptional multi month
Explanation:
Ascertaining interest month-by-month is a fundamental expertise. You'll frequently observe financing costs cited as a yearly rate, yet some of the time it's more useful to know precisely how much that means in dollars and pennies. We usually think as far as month to month costs. For instance, you have month to month service charges, sustenance costs, or an auto installment. Intrigue is likewise a month to month (if not day by day) occasion, and those repeating interest counts signify huge numbers through the span of a year. Regardless of whether you're paying enthusiasm on an advance or gaining enthusiasm for a bank account, the way toward changing over from a yearly rate to a month to month loan cost is the equivalent.
Answer: $2,027,087.791
Explanation:
Given that,
Lottery commission = $100,000
Remaining 19 payments annually = $100,000
Compounded payment = 7%
Total compounded payment till end:
Where,
A0 = Compounded payment at first deposit = $7,000
t = Total time in years = 20 years
n = No. of compounding periods per year = 1
r = Nominal annual interest rate expressed as a decimal = 0.07
Therefore,
= 7,000 × 3.8696
= $27,087.79
After 20 years,
Total amount deposited will be = $20,00,000 + $27087.79
= $2,027,087.791