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Lemur [1.5K]
3 years ago
6

Chav has taken her employees for a team-building lunch. The final bill is $92.50. How much should Chav leave for a 20% tip?

Business
1 answer:
Shtirlitz [24]3 years ago
7 0

Answer:

  • <u>$18.50</u>

Explanation:

To calculate the<em> tip</em> you must multiply the bill by the percentage and divide by 100.

This is:

  • Tip = % tip × final bill / 100

  • Tip = 20% × $92.50 / 100 = $18.50 ← answer

Then, Chav should leave $18.50 for a <em>20% tip.</em>

Also, notice that when you receive the bill you should find the total before taxes and calculate the tip over such total without taxes.

In this problem, you are only given the final bill, then you cannot discriminate the value of the meal as such so you use the total value of the bill.

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Answer:

Option D                  

Explanation:

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As per this concept, when two acts or thoughts do not coincide mentally with each other, individuals will do everything they can to alter these until they become compatible.

Thus, from the above we can conclude that the correct option is D .

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3 years ago
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Answer:

Lake's operating income is $120000

Explanation:

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The formula for operating income = Sales - Cost of Sales - operating expenses.

The operating expenses here, are = Advertising + Salaries + Utilities

Thus, operating expenses = 60000 + 55000 + 25000 = $140000

The Operating Income = 440000 - 180000 - 140000 = $120000

3 0
3 years ago
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How have computers affected the american workforce?
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Naddika [18.5K]

Answer:

B

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Western Bank &amp; Trust purchased land and a building for the lump sum of $3 million dollars. To get the maximum tax deduction,
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Answer:

Explanation:

Because land never depreciates, Western Bank & Trust wanted to distribute a higher percentage of the purchase price to the building, rather than the land. By allocating 90% of the purchase price to the building, rather than a more accurate 70%, Western Bank & Trust increases the depreciation amount of the building each year. For tax purposes, the IRS requires that the Modified Accelerated Cost Recovery System (MACRS) be used as the depreciation method used by companies. Under this method, the IRS specifies the useful life for a specific asset. MACRS also ignores residual value of an asset at the end of its useful life. By stating that the building was worth 90% of the total purchase price, Western Bank is attempting to increase its tax deduction from the IRS, because only the building depreciates, not the land. This improper allocation of the total purchase amount violates GAAP principles, which require that accounting information be “relevant and have faithful representation.” The information must be “complete, neutral, and free from error” (Nobles, Mattison, & Matsumura, 2014). For Western Bank to provide complete, neutral, and free from error information, it should record the transaction honestly: 70% to the building, 30% to the land. This dishonest representation is harmful to the federal government in that it is allowing Western Bank to take more money than what it is owed. If these kinds of situations happen on a large scale, it could have a huge impact on the economy in general. Source: Nobles, T., Mattison, B., & Matsumura, E. M. (2014). Horngren's Accounting, 10th Edition. Pearson Education, Inc. Student 2

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