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nikdorinn [45]
3 years ago
6

Jim wants to buy some new shoes. a local shoe shop has a pair for $59.95 with a 10% discount. another shop has the same pair for

$75.99 with a 25% discount. determine the amount of the lower price.
Business
1 answer:
Y_Kistochka [10]3 years ago
5 0
First option: The adjusted price of this item is 90% of the original price due to the 10% discount.
         
                   Price = ($59.95)(0.90) 
                    Price = $53.955

Second option: The adjusted price is 75% of the original price because of the discount amounting to 25% of the original price.
              
                  Price = ($75.99)(0.75)
                  Price = $56.99

Hence, the lower price is from the first choice.

Answer: $53.96
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<u>Solution and Explanation:</u>

<u>Computation of service years </u>

Year  Jim  Paul  Nancy  Dave  Kathy  Total  *  Cost  Amortization

2014  1  1  1  1  1  5            *  3000     15000

2015  1  1  1  1  1  5             *  3000  15000

2016  1  1  1  1  1  5            *  3000  15000

2017   1  1  1  1  4            *  3000  12000

2018    1  1  1  3             *  3000  9000

2019     1  1  2              *  3000  6000

                               72000

<u>Future years of service </u>        

Jim         3          

Paul  4          

Nancy  5          

Dave  6          

Kathy  6          

       24          

cost per service year $=\$ 72000 / 24=\$ 3000$

8 0
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Answer:

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2.                  Insurance expense                          $300

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3.                   Depreciation expense                     $ 70

                                Accumulated depreciation                 $70

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4.                    Unearned service revenue             $500

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5.                     Accounts receivable                      $200

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                                   Interest payable                                  $90

7.                      Salaries and wages expense        $1,700

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Answer:

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8 0
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