Grand Total + Total Bill Subtotal Sales Tax (7.9%)
Total Tip (20%)
Each Pays + Sales tax of 7.9% towards $80.00 is $6.32
A tip of 20% towards $86.32 is $17.26
does this help?
Answer:
Feb. 1 DR Cash $400,000
CR Tax anticipation notes $400,000
Dec 31 DR Expenditures - Interest $3,666.67
CR Accrued Interest Payable $3,666.67
Working
February to December = 11 months
Interest = 400,000 * 1.0% * 11/12 months = $3,666.67
April 1 DR Investments $100,000
CR Cash $100,000
Sept. 30 DR Cash $50,200
CR Investments $50,000
Interest Income $200
Working
Interest Income = 50,000 * 0.8% * 6/12 months
= $200
Answer:
$36 billion
Explanation:
The computation is shown below:
For this question, we use the income approach for calculation the wages i.e shown below:
GDP = Interest payments + profits + rent + wages
$65 billion = $15 billion + $7 billion + $7 billion + wages
$65 million = $29 billion + wages
So, the wages would be
= $65 billion - $29 billion
= $36 billion
Answer:
-13.562%
Explanation:
Data provided in the question:
Net operating profit margin (NOPM) = 11.4%
Net operating asset turnover (NOAT) = 3.83
Return on equity = 30.1%
Adjusted return on assets = 17.1%
Now,
Return on equity = Nonoperating Return + Return in net operating assets
or
Nonoperating Return = Return on equity - Return in net operating assets
Also,
Return in net operating assets = NOAT × NOPM
or
= 3.83 × 11.4%
= 43.66%
therefore,
Nonoperating Return = 30.1% - 43.66%
= 30.1% - 43.662%
= -13.562%
