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german
3 years ago
14

Jorge has spent $789.37 at the home improvement store. a storewide sale offers an 11% rebate on everything in the store. if he p

aid a 6% sales tax, how much rebate should he get?
Business
1 answer:
k0ka [10]3 years ago
8 0

Answer:

  • <u>$ 81.92</u>

<u></u>

Explanation:

The<em> rebate</em> is an amount that the store will return to Jorge after he has paid and is calculated over the price but not over the sales tax.

Then, since the $ 789.37 paid include the 6% sales tax, to calculate the rebate, you first must calculate the sales tax and reduce it from the total paid.

<u>Calculation of the sales tax</u>:

  • $ 789.37 = value of the items purchased +  sales tax
  • $ 789.37 = value of the items purchased + 6% of value of the items purchased
  • $ 789.37 = value of the items purchased + 0.06 × value of the items purchased
  • $ 789.37 = value of the items purchased × 1.06
  • $ 789.37 / 1.06 = value of the items purchased
  • $ 744.69 = value of the items purchased

<u>Calculation of the rebate</u>:

  • Rebate = 11% of value of the items purchased
  • Rebate = 0.11 × $ 744.69
  • Rebate = $ 81.92 ← answer
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Rudiy27

Answer:

<em><u>Options Include:</u></em>

Is he/she employed,

<em>unemployed is Correct</em>

"not in the labor force", or

"not in the adult population"

Explanation:

Poornima is unemployed, since she has stopped working as a basketball player and seeking a job as a coach.

The Bureau of Labor Statistics describes unemployment as individuals who don't have an employment, have actively sought work in the last four weeks, and are actually available for work.

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3 years ago
On February 1, a customer's account balance of $2,700 was deemed to be uncollectible. What entry should be recorded on February
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Answer:

On February 1, a customer's account balance of $2,700 was deemed to be uncollectible.

The entry to be recorded on February 1 to record the write-off assuming the company uses the allowance method is:

Debit Allowance for Doubtful Accounts $2,700; credit Accounts Receivable $2,700.

Explanation:

Using the allowance method, every bad debt entry is first reflected in the Allowance for Doubtful Accounts before it is taken to the bad debt expense account.

The entries above reduce the Accounts Receivable account by the amount of the write-off and reduces the Allowance for Doubtful Accounts by the same amount.  Any recovery of written off debt is also treated in the Allowance for Doubtful Accounts and the Accounts Receivable account in revised order.  This method is unlike the direct write-off method.  With the direct write-off method, the Accounts Receivable is credited with the amount of the write-off and the write-off is expensed in the Bad Debts Expense account directly.

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Show how Cablevision can conduct an ROI analysis. Describe the information that the company should collect and how it should b c
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Answer:

Explanation:

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Bank Reconciliation
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Answer:

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+ deposits in transit $12,125.25

- outstanding check N⁰ 124 ($62)

- outstanding check N⁰ 125 ($42)

- outstanding check N⁰ 129 ($1,250)

adjusted bank balance = $34,329.23

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- NSF check ($23,475.40)

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two errors were detected:

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adjusted cash account balance = $34,122.23 + ($250 - $25) = $34,347.23

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