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3 years ago

Calculate the sales tax and total sale amount for a product that cost $52.98 and the sales tax is 9.2%

Business

1 answer:

Ymorist [56]3 years ago

7 0

Your answer will be $57.85 and heres why ;)
9.2% of $52.98 is $4.78
$52.98+$4.78=$57.85
hope i helped

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When a firm is operating in a perfectly competitive labor market the wage the firm increases with the number of workers hired. t

djverab [1.8K]

Answer: When a firm is operating in a perfectly competitive labor market: <u>"the firm can buy as much or as little labor as it wants at a fixed, going wage rate."</u>

Explanation:

1- "the wage the firm increases with the number of workers hired" - Is incorrect because The salary paid by the company is treated as a constant salary.

2- Correct.

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3 years ago

When selecting a venture capitalist, which one of the following characteristics is probably the least important?

Olegator [25]

Answer:

C. Underwriting experience.

Explanation:

Underwriters are known as evaluators in cases especially like that of mortgage etc, accessing the amount of risk that will involved in taking certain amount of loans. Therefore generally speaking, underwriting is simply explained as method through which an institution takes on financial risk for a fee. Risk of these such are mostly explained to be typically having dealings with loans, insurance, or investments. Certain contingencies are seen to helps to maintain certain borrowing policies for loans, establishes appropriate premiums to adequately cover the true cost of insuring policyholders, and creates a market for securities by accurately pricing investment risk.

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3 years ago

On July 1, Shady Creek Resort borrowed $350,000 cash by signing a 10-year, 8.5% installment note requiring equal payments each J

egoroff_w [7]

Answer:

$29,750

Explanation:

Given that

Borrowed amount = $350,000

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The computation of interest expense is shown below:-

Interest expense in the first annual payment = Borrowed amount × Interest rate

= $350,000 × 8.5%

= $29,750

Therefore, for computing the interest expense in the first annual payment we simply multiply borrowed amount with interest rate.

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3 years ago

Which Of the following examples below, which is not an example of scarcity?

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The puppy mill that was shut down is not an example of scarcity. Scarcity means "lacking" whether of time, money, or resources. The puppy mill doesn't create scarcity, in fact it created a surplus of dogs available for adoption. So the answer is B.

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3 years ago

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Answer: $77

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Given the following;

Total Book value of common equity = $300,000,000

Total outstanding shares = 6,000,000

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Stock price =( Market value of equity + Total Book value of equity) ÷ Number of outstanding shares

Stock price = ($162,000,000 + $300,000,000) ÷ 6,000,000

Stock price = $462,000,000 ÷ 6,000,000

Stock price = $77

Company's stock price is $77

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3 years ago