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BARSIC [14]
3 years ago
8

A builder of custom homes reduced the price of a model by 25​%. if the new price is $480,000, what was its original​ price? how

much can be saved by purchasing the​ model?
Business
1 answer:
kolezko [41]3 years ago
5 0
The new price is $480,000 and it is reduced of a model by 25%. We can find the original price using proportions:$ x --------------------100%$480,000 -----------   75%x : 480,000 = 100 : 7575 x = 48,000,000x = 48,000,000 : 75x = $640,000$640,000 - $480,000 = $160,000Answer: The original price was $640,000 and $160,000 can be saved.

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Deep Water Mining added $411 to retained earnings last year on sales of $24,646. The administrative expenses were $4,370, deprec
ANTONII [103]

Answer:

It is $18,290.24

Explanation:

Profit after Tax (65%) = addition to retained earnings+dividend paid

                                   = $411 +  $285

                                    = $ 696

Profit before Tax = [100/65] * $ 696

                            = $1070.76

Tax (35%)             = 35% * $1070.76

                            = $374.77

Gross Profit = Profit before tax + Total expenses

                    = $1070.76 + [  $4,370+ $103+ $812]

                    = $6355.76

Cost of Sales= $24,646 -$6355.76

                     = $18,290.24 .

Note

-Dividend is paid is paid from profit after tax

6 0
3 years ago
You have a current credit card balance of $450.00, which you are paying off so you can close the account. No new purchases have
lesantik [10]

Answer:

It's Best to Pay Your Credit Card Balance in Full Each Month

Explanation:

Leaving a balance will not help your credit scores—it will just cost you money in the form of interest. Carrying a high balance on your credit cards has a negative impact on scores because it increases your credit utilization ratio.

5 0
3 years ago
Eve's Apples opened for business on January 1, 2021, and paid for two insurance policies effective that date. The liability poli
Cerrena [4.2K]

Answer:

The balance in Eve's prepaid insurance account as of December 2021 is $18000 as shown below.

Explanation:

The balance of prepaid insurance would be the balance left after 12 months expense has taken from both amounts

Liability policy $36000*6/18=$12000

Crop damage policy $12000*12/24=$6000

Balance of prepaid insurance           $18,000

The balance of $18000 would be left in the prepaid insurance account,whereas the balance damage crop policy account would be enough for the coming year, there is a need for 6 months insurance policy payment in respect of liability policy in the year 2022

6 0
3 years ago
The Townson Manufacturing Company has gathered the following information for the month of September: 9,900 units in the beginnin
andrezito [222]

Answer: 82,650 units

Explanation:

Equivalent Units of Production (EUPs) for the conversion costs = Units transferred out + Percentage of completed Ending Inventory

Ending Inventory = Beginning Work-In-Process + Units started into production - Units transferred out

= 9,900 + 99,000 - 66,900

= 42,000 units

Equivalent Units of Production (EUPs) for the conversion costs = 66,900 + (3/8 * 42,000)

= 82,650 units

7 0
3 years ago
On August 15, we purchased equipment for $5,000. We paid $1,000 down with the remainder to be paid later. What account(s) would
vodka [1.7K]

Answer:

a. Cash and accounts payable

Explanation:

The journal entry to record this given transaction is shown below:

Equipment A/c Dr $5,000

       To Cash A/c $1,000

       To Account payable A/c $4,000

(Being the equipment is purchased for cash and on account)

Since the equipment is purchased for $5,000 that increase the asset account and the cash is paid for $1,000 so it would be credited plus the remaining amount is given on credit basis so we credited the account payable account

6 0
3 years ago
Read 2 more answers
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