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ankoles [38]
3 years ago
5

Jan bought a blazer for $39.90. The price of the blazer was $38. What sales-tax rate was she charged for this blazer?

Business
2 answers:
elena-14-01-66 [18.8K]3 years ago
7 0
There are several information's already given in the question. based on those given information's the answer can be easily deduced.

Price at which Jan bought the blazer = $39.90
Actual price of the blazer = $38
Then
Sales tax charged on the blazer = 39.90 - 38.00
                                                    = 1.90 dollars
I hope the above procedure is clear enough for you to understand and this was the answer that you were looking for. 
dezoksy [38]3 years ago
7 0

Answer:

$1.90?

Explanation:

im not sure but it seems close

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When the price of summer tank tops falls and you buy more of them because they are relatively less expensive, this is calledA) t
svet-max [94.6K]

Answer:

The correct answer is A) the substitution effect

Explanation:

In other words, the substitution effect is when sales fall because the consumers change into cheaper alternatives when its price rises.

4 0
3 years ago
Locust has 657 million shares outstanding with a market price of $83 a share.
UNO [17]
Total number shares * value per share = total market value

657,000,000 shares * $83/ share = 54, 531, 000, 000 or 54, 531 million

4 0
3 years ago
On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, with credit terms of 2/10, n/30. The cost of
Ira Lisetskai [31]

Answer:

<u><em>October 4</em></u>

Inventory $350 (debit)

Cost of Sales $350 (credit)

<em>Being Recognition of Inventory and de-recognition of cost of sale</em>

Revenue $500 (debit)

Trade Receivable $500 (credit)

<em>Being de-recognition of Revenue and Trade Receivables.</em>

Explanation:

The Entries that Robertson Company should enter for the 2 dates are as follows :

<u><em>October 1</em></u>

Cost of Sales  $4,000 (debit)

Inventory $ 4,000 (credit)

<em>Being Recognition of Cost of Goods Sold</em>

Trade Receivable $5,800 (debit)

Revenue $5,800 (debit)

<em>Being Recognition of Revenue</em>

<u><em>October 4</em></u>

Inventory $350 (debit)

Cost of Sales $350 (credit)

<em>Being Recognition of Inventory and de-recognition of cost of sale</em>

Revenue $500 (debit)

Trade Receivable $500 (credit)

<em>Being de-recognition of Revenue and Trade Receivables.</em>

3 0
3 years ago
Crane uses the periodic inventory system. For the current month, the beginning inventory consisted of 7400 units that cost $11.0
ale4655 [162]

Answer:

$151,673

Explanation:

Average cost method calculate the cost of the inventory on the average price basis. Cost of goods sold is the cost of the goods sold in the given period.

Description                   Units       Rate                   Value    

Beginning Inventory     7,400    $11.00                 $81,400

Purchases                     3,100     $12.00                $37,200

Purchases                     <u>12,200   $12.50               $152,500</u>

Total  Inventory            22,700   $11.94273128    $271,100

Sale                               12,700    $11.94273128    $151,673

Cost of Goods Sold = $271,100 x 12,700 / 22,700 = $151,673

4 0
3 years ago
In autarky, when a country maximizes its utility, its consumption point is(a)below the production possibility frontier.(b)on the
Georgia [21]

Answer:

(d)cannot tell without more information.

Explanation:

Autarkic economy is a self reliant economy, consuming entirely from its own production.

An autarkic economy maximises its utility when : Its PPF & Social Indifference Curve are tangent to each other.

  • PPF is sort of a budget constraint to economy, because it denotes maximum production potential with given resources & technology.
  • Social Indifference Curve is the curve denoting product combinations yielding same level of social satisfaction.

Their tangency gives utility maximising point with the available resources & technology.

Other options are inapt because: Production on PPF is a necessary but not sufficient condition for social utility maximisation (tangency also needed). Production under PPF reflects under utilisation of resources, cant be utility maximising. Production above PPF is unattainable.

7 0
3 years ago
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