1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Shalnov [3]
3 years ago
5

A theater group made appearances in two cities. The hotel charge before tax in the second city was $500 lower than in the first.

The tax in the first city was 8%, and the tax in the second city was 8.5%. The total hotel tax paid for the two cities was $823.75. How much was the hotel charge in each city before tax?
Business
1 answer:
Naddika [18.5K]3 years ago
4 0

Answer:

Hotel charge in city 1= $5,250

Hotel charge in city 2= $4,750

Explanation:

A theater group made an appearance in two cities.

Let x represent the amount charged in the first city

Let y represent the amount charged in the second city

The hotel charge before tax in the first city is $500 lower than the second city

y= x-500......equation 1

The tax in the first city is 8%

= 8/100

= 0.08

The tax in the second city is 8.5%

= 8.5/100

= 0.085

0.08x + 0.085y= 823.75.........equation 2

Substitute (x-500) for y in equation 2

0.08x + 0.085(x-500)= 823.75

0.08x + 0.085x - 42.5= 823.75

Collect the like terms

0.08x + 0.085x= 823.75+42.5

0.165x= 866.25

x= 866.25/0.165

x = 5,250

Substitute 5250 for x in equation 1

y= x-500

y= 5,250-500

y= 4,750

Hence the hotel charge in city 1 is $5,250 and the hotel charge in city 2 is $4,750

You might be interested in
Sands Company purchased mining rights for $500,000.
Ivanshal [37]

Answer:

b) a debit to Depletion Expense for $175,000

Explanation:

The computation of the depletion expense is shown below:

Depletion expense = (Purchase of mining rights × current year mined tons of ore) ÷ (expected harvested tons of ore)

= ($500,000 × 350,000 tons) ÷ (1,000,000 tons)

= $175,000

So the journal entry would be

Depletion Expense A/c Dr $175,000

           To Accumulated Depletion A/c $175,000

(Being the depletion expense is recorded)

5 0
2 years ago
Which of the following statements is false? A. We are able to assert dominance over others most exclusively with eye contact in
eduard

Answer:

D. Friends are needy little sh*ts

5 0
2 years ago
Gerardi Supply started the year with total assets of $210,000 and total liabilities of $85,000. During the year, the business re
ivanzaharov [21]

Answer:

$155.000

Explanation:

According with the information the person has first calculate the Equity. According with the accounting equation the Assets are equal to Liabilities plus the Equity. The first step is found the equity of the next way:

Equity year 1= Assets- Liabilities  

Equity year 1= $210,000 - $85,000

Equity year 1= $125.000

Equity year 1= 125.000- 50.000 (dividends) = $75.000  

Nevertheless, the calculation of the net income is measure independent of the operations in the balance sheet.  

After you need to calculate the net income:

Net income= Revenues- Expenses  

Net income= $275,000- $120,000

Net income= $155.000

As you can see the operations in the income statement only affects are affects by the revenue and the expenses.

7 0
3 years ago
The largest free zone are called free cities
natulia [17]

Answer:

mean sorry but I am new here

3 0
2 years ago
Read 2 more answers
Showing the amount and nature of donor-imposed restrictions on the statement of net assets helps financial statement users to as
KonstantinChe [14]

Answer and Explanation:

Corporate responsibility

7 0
3 years ago
Other questions:
  • Perkins Corp. will receive 250,000 Jordanian dinar (JOD) in 360 days. The current spot rate of the dinar is $1.48, while the 360
    13·1 answer
  • Southern Corporation has a capital structure of 40% debt and 60% common equity. This capital structure is expected not to change
    5·1 answer
  • Consumer protections related to the Internet and telecommunications and direct-mail fraud are covered under the Financial Practi
    13·1 answer
  • Through conscious repetition of information, we can encode information for long-term storage. this is known as _____.
    12·1 answer
  • In Year 1, the actual budget deficit was $150 billion and the cyclically adjusted deficit was $125 billion. In Year 2, the actua
    6·1 answer
  • Should Obama Care system be continued into the future ?? Yes or No and why ??
    12·2 answers
  • The analysis of receivables method of costing inventory is based on the assumption that: a.the bad debt expense is recorded only
    7·1 answer
  • Who is affected negatively when a country’s currency is weak? Give domestic and foreign examples
    15·1 answer
  • On Nov. 1, Eli Co. received a $6,000, 60-day, 6% note from a customer as payment on his $6,000 account. Eli’s journal entry to r
    12·2 answers
  • A fabric company can produce 11,000 yards of fabric per year currently. The company's goal is to increase the amount of fabric i
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!