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melisa1 [442]
3 years ago
12

Which expression can be used to find the amount of tax

Business
1 answer:
stealth61 [152]3 years ago
3 0
To calculate the sales tax that is included in a company's receipts, divide the total amount received (for the items that are subject to sales tax) by "1 + the sales tax rate". In other words, if the sales tax rate is 6%, divide the sales taxable receipts by 1.06. If the sales tax rate is 7.25%, divide the sales taxable receipts by 1.0725.
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If we say that a price is too high to clear the market, we mean that Multiple Choice
algol13

Answer:

The answer is 1. quantity demanded exceeds quantity supplied.

When the quantity demanded exceeds the quantity supplied, this makes room for a shortage of goods in the market a day and excess demand. Because of this, the price of existing products increase as a lesser number of goods has to be distributed among many people.

When such scenarios happen, the government can take actions such as importing goods from abroad.

Explanation:

3 0
3 years ago
kendra always buys and uses wilson brand tennis balls. if she finds a penn or dunlop ball on the court, she gives it away. brand
Dmitry [639]

Considering the situation above, by building a strong brand, Wilson has effectively "<u>reduced the price elasticity of demand for its products</u>."

This is because the price elasticity of demand is a term in economics that defines the sensitivity of the quantity demanded of a commodity to its price.

Usually, the price elasticity of demand shows that when the price of a commodity increase, the quantity demanded decreases.

Thus, in this case, since it is said that Kendra allowed Wilson to charge a higher price and not lose many sales, therefore, Wilson has been able to reduce the price elasticity of demand for its products.

Learn more here: brainly.com/question/15654343

4 0
3 years ago
On June 30, 2021, Mabry Corporation issued $5 million of its 8% bonds for $4.6 million. The bonds were priced to yield 10%. The
Vedmedyk [2.9K]

Answer:

D. $30,000

Explanation:

The bond is issued on discount when the issuance price is less than the face value of the bond. The discount is expensed over the bond period until maturity. It is added to the interest expense value to expense it.

This discount will be amortized using Effective Interest method as below

Interest Payment = $5,000,000 x 8% x 6/12 = $200,000

Interest Expense = $4,600,000 x 10% x 6/12 = $230,000

Discount amortization = $230,000 - $200,000 = $30,000

5 0
3 years ago
Beginning Inventory Ending Inventory Finished goods (units) 24,000 34,000 Raw material (grams) 54,000 44,000 Each unit of finish
Ghella [55]

Answer:

Production= 200,000

Explanation:

Giving the following information:

Beginning Inventory Ending Inventory

Finished goods (units) 24,000 34,000

The company plans to sell 190,000 units during the year.

<u>To calculate the production required, we need to use the following formula:</u>

Production= sales + desired ending inventory - beginning inventory

Production= 190,000 + 34,000 - 24,000

Production= 200,000

4 0
3 years ago
What investment type typically carries the least risk
Angelina_Jolie [31]
Certificates of Deposit (CDs), U.S Treasury Bills, and savings accounts are generally regarded as the least risky investments, given that they are backed - at least up to a certain limit - by the U.S government. 

CDs are essentially fixed-term savings accounts, which means you must deposit your funds for a set amount of time, until the account reaches what is called "maturity." Withdrawing funds before this point typically leads to a fee. In return for sacrificing liquidity, CDs tend to offer higher interest rates than normal savings accounts. These rates are most often fixed, though they sometimes come with a feature that enables you to readjust your interest rates once over your account's lifetime. Bank-issued CDs are also insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per depositor, though this figure has dropped to $100,000 January 1, 2014. Credit Union-issued CDs are insured by another government agency, the National Credit Union Administration (NCUA), which provides the same coverage as the FDIC. 

U.S Treasury Bills are sold by the government to investors as a way to fund short-term government debts. If you purchase a U.S Treasury Bill, you are basically loaning the government a certain amount of money in return for the government's promise to pay you back with a predetermined higher amount when the bill reaches maturity. U.S Treasury Bills are typically issued with maturity terms of one month, three months, six months and 1 year.

As we all know, savings accounts are offered by banks and credit unions and provide variable interest rates, which means their rates fluctuate in accordance with the Prime Rate. While there is no time requirement for a savings account, as there is with a CD, the law only allows consumers to make up to six transfers or withdrawals from a savings account per month (not including in-person ATM or branch withdrawals). Savings accounts offer the same as insurance protections as CDs.

Hope this helps you =)

6 0
3 years ago
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