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WARRIOR [948]
3 years ago
13

A price total of $1,500 is subject to a 5% sales tax. What is the amount due after tax? A. $1,625 B. $75 C. $1,750 D. $1,575

Business
2 answers:
Licemer1 [7]3 years ago
7 0

The answer is D because 1500 times 5 divided by 100 is 75 and 1500+75=1575

zloy xaker [14]3 years ago
3 0
The answer to your question is D
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A mining company owns two mines, each of which produces three grades (high, medium, and low) of ore. The company has a contract
sashaice [31]

Answer:

They should operate Mine 1 for 1 hour and Mine 2 for 3 hours to meet the contractual obligations and minimize cost.

Explanation:

The formulation of the linear programming is:

Objective function:

C=200M_1+160M_2

Restrictions:

- High-grade ore: 6M_1+2M_2\geq12

- Medium-grade ore: 2M_1+2M_2\geq8

- Low-grade ore: 4M_1+12M_2\geq24

- No negative hours: M_1,M_2\geq0

We start graphing the restrictions in a M1-M2 plane.

In the figure attached, we have the feasible region, where all the restrictions are validated, and the four points of intersection of 2 restrictions.

In one of this four points lies the minimum cost.

Graphically, we can graph the cost function over this feasible region, with different cost levels. When the line cost intersects one of the four points with the lowest level of cost, this is the optimum combination.

(NOTE: it is best to start with a low guessing of the cost and going up until it reaches one point in the feasible region).

The solution is for the point (M1=1, M2=3), with a cost of C=$680.

The cost function graph is attached.

7 0
3 years ago
The price of crude oil increases 50%. This will cause a change in ( supply/ quality supplied )
Paladinen [302]

Answer:

See below

Explanation:

A price increase motivates suppliers to avail more products for sale in the markets. High prices tend to have a high margin hence more profits. Like other businesses, oil producers are profit-motivated; they will supply more quantities if there is a high probability of making more profits.

The law of supply explains the correlation between supply and price. As prices increase, supply also tends to increase.

5 0
2 years ago
Wallace Heating is attempting to estimate its costs of manufacturing heating ducts for the coming year using the high-low method
Anna11 [10]

Answer:

Variable Cost per hour is $4.86

Explanation:

given data

Highest Cost = $27,049

Lowest Cost = $19,772

Highest Cost Driver = 4,168  hours

Lowest Cost Driver =  2,672  hours

solution

we get here Variable Cost per hour that is express as

Variable Cost per hour = (Highest Cost - Lowest Cost) ÷ (Highest Cost Driver - Lowest Cost Driver)   ......................1

put here value and we get

Variable Cost per hour = \frac{27049-19772}{4168-2672}    

Variable Cost per hour = \frac{7277}{1496}    

Variable Cost per hour = 4.86

so Variable Cost per hour is $4.86

5 0
2 years ago
Which of these is an example of the broad economic goal of growth? A. Bank failures spark a wave of new loan regulations by the
forsale [732]

“The federal government awards technology development contracts to U.S. businesses” is an example of the broad economic goal of growth.

 

Equity<span> <span>or </span>economic equality<span> is the concept or idea of fairness in </span>economics, particularly in regard to taxation or welfare economics.</span>

 

The correct answer between all the choices given is the third choice or letter C. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.

<span> </span>

8 0
2 years ago
Read 2 more answers
Change from the fair value method to the equity method Assume an investor company acquires for $256,000 an 8% investment in the
matrenka [14]

Answer:

Date         Account title and explanation      Debit        Credit

March 1    Equity investment                          $32,000

                ($612,000/17%)*8% - $256,000)

                       Unrealized holding gain                             $32,000

               (To adjust the value of equity investment)

Note: On 1 march, value of the investment value is increased which is unrealized based on 31 December fair value

6 0
3 years ago
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