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WARRIOR [948]
3 years ago
5

Calhoun Crockery sold merchandise; the total proceeds collected, including a 7% sales tax, amounted to $74,900.

Business
1 answer:
Gala2k [10]3 years ago
4 0

Answer:

Option (b) is correct.

Explanation:

Sale value of the merchandise = $74,900

Sales tax liability = $74,900 × (7% ÷ 107%)

                         = $4,900

Sale value prior to sales tax = $74,900 - $4,900

                                               = $70,000

Sales tax @7% on $70,000 = $4,900

Hope the above calculation will clear the concept since the question clearly mention that

Calhoun Crockery sold merchandise; the total proceeds collected, including a 7% sales tax, amounted to $74,900.

This $74,900 includes 7% tax also it means that the collected proceed is 100% + 7% = 107%

which includes 7% tax liability.

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Once the plan baseline has been approved and the project is underway, project teams deal with change by establishing and using a
IgorLugansk [536]

Answer:

A) True

Explanation:

A project's baseline plan refers to the project's plan starting point. It will serve as the reference point where you can measure the project's progress. Any proposed change to the project must be evaluated using the established change control system. The change control system is not a standard control tool and should be unique to the project based on the project's scope and budget. Changes that negatively affect the project's scope, budget and the schedule should be rejected.

6 0
3 years ago
John has decided to start his own lawn-mowing business. To purchase the mowers and the trailer to transport the mowers, John wit
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Answer:

$ 170

Explanation:

John's opportunity cost = interest that his savings could have earned in the bank + financial costs of the loan = ($1,000 x 3%) + ($2,000 x 7%) = $30 + $140 = $170

The opportunity cost is the extra cost or benefits lost from choosing one activity or investment over another alternative.

7 0
3 years ago
Supernormal Growth Rizzi Co. is growing quickly. Dividends are expected to grow at a 25 percent rate for the next three years, w
AlekseyPX

Answer:

$86.13

Explanation:

The computation of the current share price is shown below:

Given that

Dividend just Paid (D0) is $3.10        

and Required Return (R ) 13%

Now        

Dividend Paid in 1st year  = $3.10 (1.25)    = $3.875        

Dividend Paid in 2ndyear = $3.875 (1.25)   = $4.844        

Dividend Paid in3rd year = $4.844 (1.25)  = $6.055        

Dividend Paid in 4th year  = $6.055 (1.07)   = $6.47

Now        

Stock Price in 3rd year (P3) = D4 ÷ (R - g)        

= $6.47 ÷ (0.13- 0.07)        

= $107.83        

Now the Current Share Price(P0) is        

Current Share Price (P0) = $3.875 ÷ (1.13) + $4.844 ÷ (1.13)^2 + $6.055 ÷ (1.13)^3 + $107.83 ÷ (1.13)^3    

= $3.42 +$3.79 + $4.19 + $74.73      

= $86.13

8 0
3 years ago
Assume that Linda deposits in her checking account the $1,000 cash she was keeping at home for an emergency. If the required res
Sav [38]

Answer:

The answer is $5000

Explanation:

total change in MS  =change in MB×MM

Money multiplier = 1/0.2= 5

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6 0
3 years ago
2. Give three (3)<br>importance of<br>Entrepreneurship to<br>the economy.​
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Answer:

See below

Explanation:

1. Entrepreneurs Add to National Income

Entrepreneurship creates new businesses that focus on making profits. These ventures employ people who earn directly or indirectly from them. The new incomes add to a country's GDP. Consequently, the government collects higher revenues through taxation, which it uses for national development.

2. Entrepreneurs Create Social Change

Though innovations and creativity, entrepreneurs introduce new products and services and easier ways of doing things that improve life's quality. For example, the advancement of internet technology has created many job opportunities while still making it possible for others to work and earn a living remotely.

3. Community Development

Through Corporate social responsibility programs, entrepreneurs play a significant role in community development.  Corporates globally have funded projects that provide communities with essential services: water projects, schools, hospitals, and clean environments that have been financed by entrepreneurs.

4 0
3 years ago
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