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3 years ago

A store has a $179.99 item on sale for 25% off, plus an additional 20% off. What is the percentage of savings off on this item?

Business

1 answer:

Irina-Kira [14]3 years ago

8 0

Answer:

Percentage of savings off=45%

Explanation:

Savings=discount×Original item price

First save=(25/100)×179.99=$44.9975

Additional save=(20/100)×179.99=$35.998

Total savings=(44.9975+35.998)=$80.9955

Percentage of savings=(Total saving/Original price)×100

(80.9955/179.99)×100=45%

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Blossom Company purchased a new machine on October 1, 2017, at a cost of $66,000. The company estimated that the machine has a s

Ugo [173]

Answer:

Results are below.

Explanation:

Giving the following information:

Purchase price= $66,000

Salvage value= $5,700

Useful life= 6

First, we need to calculate the annual depreciation using the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (66,000 - 5,700) / 6= 10,050

2017:

Annual depreciation= (10,050/12)*3= $2,512.5

2018:

Annual depreciation= $10,050

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4 years ago

You manage a company that competes in an industry that is comprised of four equal-sized firms that produce similar products. A r

Alja [10]

Explanation:

It is given that in the market there are four equal-sized firms that produce similar products. The market is saturated such that 10% industry-wide price rise would lead to 18% decline in units sold by all firms in the industry. Going further, there is a proposed legislation that imposes a tariff on a key input used by the industry, which on realization would result in the increase in marginal cost by $2.

This means that the market elasticity of demand is:

[ FIND THE ATTACHMENT FOR SOLUTION]

5 0

3 years ago

Aragon and Associates has found from past experience that 25% of its services are for cash. The remaining 75% are on credit. An

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Answer:

schedule of cash receipts

May June July August September

$ $ $ $ $

Credit Fees (75%) 135,000 150,000 142,500 145,500 180,000

Cash Sales (25%) 45,000 40,000 47,500 48,500 60,000

Credit Receipt (10%) 13,500 15,000 14,250 14,550 18,000

Credit Receipt (60%) 0 81,000 90,000 85,500 87,300

Credit Receipt (26%) 0 0 35,100 39,000 37,050

Total Receipts 58,500 136,000 186,850 187,550 202,350

Explanation:

The schedule of cash receipts must include the cash sales and other amounts received for credit sales in the respective months and amounts as outlined by the question.

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3 years ago

A single bond with a face value of $1,000 has a stated annual interest rate of 7.6%. The last bond traded on this day was 98.45%

Anestetic [448]

Answer:

$984.50

Explanation:

Cost of bond at closing = Par value * % Bond traded last

Cost of bond at closing = 1000 * 98.45%

Cost of bond at closing = $984.50

Thus, the cost of bond at closing is $984.50

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3 years ago

Which of the following would most likely cause a budget surplus for government?

kupik [55]

The answer to this answer is B.lower spending
Lower spending means that the government used less money to be allocated into the government programs (such as welfares, infrastructure, etc)
By doing this, the government will have larger chunk of the budget at the end of the fiscal year, which cause a budget surplus for the governemnt

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3 years ago