The answer is "$6.88".
Sales tax rate = 7.4%
price of shoes = $93
Tax paid for a pair of shoes = 7.4% x $93
=7.4/100 x 93
= 0.074 x 93
= 6.882
= $6.88
Answer:
Product Owner
Explanation:
A product owner is an intermediary between the development team and the users . It evaluates a project from the perspective of a customer by finding out what features of a product will satisfy their needs and and works with the development team in realizing it . It acts to represents the interest of the customers by ensuring that the efforts of the development team focused on developing a project that will fulfill the business objective of the project
Answer:
(a)
Dr. Cr.
Feb 1
Investment $7,200
Cash $7,200
Jul 1
Cash $600
Dividend Income $600
Sep 1
Cash $4,300
Gain on sale $700
Investment $3,600
(b) Dividend will be shown as other income in the revenue section of Income statement. Gain on sale of common share will be reported on income statement after operating profit.
Explanation:
Per Share Purchase Price = 7200 / 600 = $12
300 Shares Purchase Price = $12 x 300 = 3,600
Answer:
Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties.
Answer:
It will take 3 years and 66 days to pay for the initial investment.
Explanation:
Giving the following information:
Cash flows= $615 for 8 years
Initial investment= $1,750
<u>The payback period is the time required to cover for the initial investment.</u>
<u></u>
Year 1= 615 - 1,750= -1,135
Year 2= 615 - 1,135= -520
Year 3= 615 - 520= 95
Exactly:
(95/520)= 0.18*365= 66
It will take 3 years and 66 days to pay for the initial investment.
