Answer:
New price = $108
Explanation:
Given:
Old price for cleaning = $120
New discount rate = 10% = 10 / 100 = 0.1
Computation of new price for cleaning:
New price = Old price for cleaning (1-New discount rate)
New price = 120 (1-0.1)
New price = 120 (1-0.1)
New price = $108
Journal entry
Date Account Title and Explanation Debit Credit
Cash A/c Dr. $108
Service Revenue A/c $108
(Being amount received from cleaning)
Tax is calculated using the formula:
Tax amount = (% Tax)
After-tax income can be calculated using the formula:
After-tax income = (1 - %tax / 100) * Income
We are given that:
% tax = 40%
Say for the income, this is only the amount needed for
the Mercedes so, Income = $60,000
After-tax income = (1 – 40 / 100) * $60,000
<span>After-tax
income = $36,000</span>
Answer:
Option (B) is correct.
Explanation:
Given that,
Received a bid = 15,000 units
Average cost per unit for this bid = $700
Markup to total costs = 25%
Total Cost of Order:
= Bid received × Average cost per unit for this bid
= 15,000 units × $700 per unit
= $10,500,000
Mark up total cost:
= Total Cost of Order × (1 + Markup to total costs)
= $10,500,000 × (1 + 25%)
= $10,500,000 × 1.25
= $13,125,000
Therefore, the total price will Nguyen ask for the entire order is $13,125,000.
Answer:
0.58
Explanation:
because after decimal point there will be two numbers
Answer:
The amount to be deposited today = $13,590.33
Explanation:
<em>The amount to be paid for the annuity would the sum equal to the present value of the cash flow from the annuity.</em> The present value of an ordinary annuity is determined using the relationship below:
PV of annuity = A× ( (1-(1+r)^(-n) )/r
A- Annual cash flow
r- interest rate per annul
n- Number of years
PV- Present Value of annuity'
DATA
A-1000
r- 4%
n- 20
PV = 1,000 ×( (1 - 1.04^(-20))/0.04 =$13,590.33
The amount to be deposited today = $13,590.33
