Name some cool crome book games

Tom buys a shirt for $22.00 plus 7% sales tax. His cousin buys a shirt for $18.00 plus 4% sales tax.How much do Tom and his cous

astra-53 [7]

Answer:

Tom paid $23.54 while his cousin spent $18.72. Tom spent more on tax $.082 more than his cousin.

Explanation:

Tom

Cost of shirt = $22

Sales tax = 7%

Total amount paid = 22 + (7% × 22)

= 22 + 1.54

= $23.54

Tom's cousin

Cost of shirt = $18

Sales tax = 4%

Total amount paid = 18 + (4% × 18)

= 18 + 0.72

= $18.72

Tom spent more on tax as he spent $1.54 as against his cousin's $0.72.

3 0

3 years ago

If a market is in equilibrium is it necessarily true that all potential buyers and sellers are satisfied with the market price?

pav-90 [236]

Answer:

The correct answer is "no"

Explanation:

A market equilibrium occurs in those markets where consumer demand is equal to the amount offered by companies. But they don't necessarily have to be satisfied with the market price.

For example, if a product of basic need is in high demand, the price can be raised a lot which may not result in a fair price for the customer.

On the contrary, a low price on products puts potential competitors out of the market since many times due to production costs they cannot match these prices.

5 0

3 years ago

Esquire Comic Book Company had income before tax of $1,700,000 in 2016 before considering the following material items: 1. Esqui

mel-nik [20]

Answer:

Explanation:

Partial income statement

For the Year Ended December 31, 2016

Income from continuing operations $975,000

Discontinued operations gain (loss):

Income from operations of discontinued component $220,000

Income tax expense ($88,000)

Income on discontinued operations $132,000

Net income $1,107,000

Income from operations of discontinued component (including loss on disposal of $420,000) = $220,000

Income from continuing operations:

Income before considering additional items $1,700,000

Decrease in income due to restructuring costs ($75,000)

Before-tax income from continuing operations $1,625,000

Income tax expense (40%) ($650,000)

Income from continuing operations $975,000

5 0

3 years ago

The unit of product is the cost object when the plantwide overhead rate method is used.

Marina CMI [18]

The plantwide overhead rate method means using overhead rate to allocate costs to products and includes indirect costs (overhead cost) to cost allocation base (single plantwide overhead rate) to cost objects (products 1-3).
The statement that the unit of product is the cost object when the plantwide overhead rate method is used is true.

3 0

3 years ago

According to the Federal Housing Finance Board, the mean price of a single-family home two years ago was $299,500. A real estate

Tems11 [23]

Answer: A.There is sufficient evidence to conclude that the mean price of a single-family home has increased from its level two years ago of $299,500

Explanation:

From the question, we are informed that according to the Federal Housing Finance Board, the mean price of a single-family home two years ago was $299,500 and that a real estate broker believes that due to recent credit crunch, the mean price has increased since then and the result is that the null hypothesis is not rejected.

The conclusion based on the results of the test is that since the null hypothesis has been rejected, it simply means that there are sufficient evidence that there has been an increase in the mean price since two years ago.

Therefore, option A is the correct answer.

3 0

3 years ago