The solution to the problem about the sales-tax rate is as follows:
<span>Sales tax rate = 1.92 / 32.00 = 0.06 = 6%
</span>
Therefore, the sales-tax rate of the silk scarf is 0.06 or 6% of the original price.
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C) The supply of labor is higher than the demand for labor if the supply of workers and demand for workers is not an equilibrium. The labor market equilibrium is a state or condition where the supply of the worker equal to the demand for the worker<span>. The labor market is a type of factor market where factors of the production are being bought and sold.</span>
Answer: the goodwill is $5000
Explanation:
We don't take into account $60,000 because we are going to use the fair value or the reasonable price.
Net assets = Assets-liabilities
Net assets = $98,000 - $23,000
Net assets= $75,000
Burrough Corporation pay $. 80,000 (We don't take into account $3000 paid to another firm)
So the goodwill pay is $80,000-$75000= $5,000
Explanation:
the different types of professions related to financial sector are auditor accountant CA bank manager
Answer:
Their net operating income for the year was $39,628
Explanation:
Flip or Flop's net operating income for the year = Gross revenue - Cost of Goods Sold - Operating expenses
Their Cost of Goods Sold (COGS) was 21% of gross revenue, therefore:
Cost of Goods Sold = 21% x $93,200 = $19,572
The company has operating expenses for this same period of $34,000.
Net operating income for the year = $93,200 - $19,572 - $34,000 = $39,628
