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Luda [366]
3 years ago
11

Lesson 6 problem-solving practice sales tax, tips, and markup 1. skateboards inez wants to buy a skateboard but she does not kno

w if she has enough money. the price of the skateboard is $80 and the sales tax is 7%. what will be the total cost of the skateboard
Business
2 answers:
notsponge [240]3 years ago
6 0

After you multiply 7% to 80 you will be left with 5.60, then you add 5.60 to 80 to get $85.60. So if she has any more than $85.60 then she will be able to buy the skateboard

Iteru [2.4K]3 years ago
6 0

Answer:

The total cost of the skateboard is $85.6.

Explanation:

The total cost of the skateboard would be $80 plus the sales tax that is 7% of the price. So, you have to multiply $80 for 7% to determine the amount that would be paid as sales tax:

$80*7%=$5.6

Then, you have to add the price of the skateboard with the tax to have the total cost:

$80+$5.6= $85.6

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The following summary transactions occurred during 2018 for Bluebonnet Bakers: Cash Received from: Customers $ 380,000 Interest
kvasek [131]

Answer:

<u>Statement of cash flows for the year ended 2018</u>

Cash flow from Operating Activities

Cash Receipts from Customers                            $ 380,000

Cash Paid to Suppliers and Employees              ($250,000)

Cash Generated from Operations                         $130,000

Interest on note payable                                          ($5,000)

Net Cash from Operating Activities                       $125,000

Cash flow from Investing Activities

Interest on note receivable                                      $ 6,000

Principal on note receivable                                  $ 50,000

Sale of investments                                                $ 30,000

Purchase of equipment                                         ($85,000)

Net Cash from Investing Activities                            $1,000

Cash flow from Financing Activities

Proceeds from note payable                                $100,000

Principal on note payable                                     ($25,000)

Dividends Paid                                                       ($20,000)

Net Cash from Financing Activities                        $55,000

Movement in Cash and Cash Equivalents             $151,000

Beginning Cash and Cash Equivalents                   $17,000

Ending Cash and Cash Equivalents                      $168,000

Explanation:

The Direct Method Include <u>only</u> the <em>Cash receipts from customers</em> and <em>Cash payments to suppliers and employees</em> in the calculation of cash generated from operations under the Cash flow from Operating Activity Section of the Statement.

<u>Calculation of Cash Paid to Suppliers and Employees</u>

Purchase of inventory                                     $160,000

Salaries to employees                                      $90,000

Cash Paid to Suppliers and Employees        $250,000

4 0
3 years ago
A budget is used to do which of the following
Leya [2.2K]

Answer:

A budget is a financial plan used to estimate future income and expenses. The budgeting process may be carried out by individuals or by organizations. Budgets help an entity determine whether it can continue to operate with its projected income and expenses.

Explanation:

thank me later

6 0
3 years ago
Polar Containers makes​ high-end coolers for camping. The total task time needed to make a cooler is 310 ​seconds, with the long
Degger [83]

Answer:

TAKT time: 840 seconds

maximum output:  315 coolers.

Explanation:

The takt time refers to matching the production pace with the demand

\frac{availalbe-working-time}{customer \: or \: firm \: demand}

To produce 30 coolers per 7-hours day we need an outpot of:

7 hours x 60 minutes x 60 seconds = 25,200

output of 30 coolers

takt: 25,200 / 30 = 840 seconds

producing a cooler every 840 seconds is the takt time.

Maximum output:

If the company does several cooler in parallel it will have a bottle neck in the longest individual task so, this time determinates the maximum output.

25,200 second of working time available

80 second longest task to complete a cooler:

25,200 / 80 = 315 coolers.

7 0
3 years ago
In economic theory, demand refers to the various amounts of goods or services that consumers are willing to buy over a specified
scoray [572]

Simply said, demand is the amount of a good or service that consumers are willing and able to purchase at a specific price within a specific time frame. In an economy, people purchase commodities and services to fulfil their needs for things like food, medical care, clothing, entertainment, shelter, etc.

One of the fundamental concepts in microeconomics is the notion of demand. It seeks to address fundamental issues such as how desperately people desire goods and how pleasure and income levels affect demand (utility). Companies change the supply they offer and the pricing they charge based on how useful consumers view the commodities and services to be.

To learn more about demand, click here.

brainly.com/question/10489478

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4 0
2 years ago
Adams Corporation’s balance sheet indicates that the company has $510,000 invested in operating assets. During 2018, Adams earne
KiRa [710]

Answer:

Profit Margin = 5.1%

Asset Turnover Ratio = 2:1

ROI (Normal) = 10.20%

ROI (Scenario 1) = 10.80%

ROI (Scenario 2) = 10.60%

ROI (Scenario 3) = 12.75%

Explanation:

<u> </u><u>Normal Scenario </u>

Profit Margin = Operating Income ÷ Sales Revenue for the year  

Profit Margin = $52,020 ÷ $1,020,000 = 5.1%

Asset Turnover Ratio = Sales Revenue ÷ Operating Assets

Asset Turnover Ratio = $1,020,000 ÷ $510,000 = 2 : 1

Return on Investment = Operating Income ÷ Operating Assets

Return on Investment = $52,020 ÷ $510,000 = 10.20%

<u>Scenario 1 </u>

Return on Investment = $55,080 ÷ $510,000 = 10.80%

<u>Scenario 2 </u>

Return on Investment = $54,060 ÷ $510,000 = 10.60%

<u>Scenario 3 </u>

Return on Investment = $52,020 ÷ $408,000 = 12.75%

5 0
3 years ago
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