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.
<span>b. false is my answer</span>
Answer:
spread positive word of mouth
Explanation:
Reginald knows his regular customers create repeat business and spread positive word of mouth. This means that the repeat customers leave happy and tell their friends about the great experience they had at Reginald's restaurant. This creates enthusiasm in the repeat customers' friends which in term causes them to go to Reginald's business and try the food. This creates more repeat customers and increased profitability for Reginald's business.
Answer:
B) MC = $15
Explanation:
Base on the scenario been described in the question, the marginal cost (MC) is calculated using the following formula
To calculate marginal cost, divide the difference in total cost by the difference in output between 2 systems.
MC = 30-17/20-17
MC = $15
Answer:
Ans. the cost of the meal was $130.4
Explanation:
Hi, ok, the credit card is charging a 21% APR this means that the cost is 0.21/12 = 0.0175 monthly and the cash advance is 3%, so the associated fees to this $125 purchase are:
Interest fee
$125*0.0175= $2.19
Cash Advance fee
$125*0.03= $3.75
And the meal was $125, so the total cost of the meal was:
$125 + $2.19 + $3.75 = $130.94
Best of luck.
