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Tcecarenko [31]
3 years ago
14

A buyer values a house at $525,000 and a seller values the same house at $485,000. If sales tax is 8% and is levied on the selle

r, then what would be the lowest price that the seller would be willing to sell at?​
Business
1 answer:
Katena32 [7]3 years ago
4 0

Answer:

$523,800

Explanation:

Given parameters:

Cost price by buyer = $525000

Selling price by seller = $485000

Sales tax = 8%

Unknown:

The lowest selling price by the seller = ?

Solution:

To solve this business problem, we must understand that the price the seller would be will to part with will be his selling price and the percentage of sales tax incurred in the procurement.

This will be the minimum and least profitable estimated amount the seller is willing to sell at.

   Lowest selling price = selling price by seller + amount of sales tax incurred

Sales tax amount = selling price x sales tax percentage

                             = $485000 x \frac{8}{100}

                              = $38800

Lowest selling price = $485000 + $38800 = $523,800

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A company purchased inventory for $74,000 from a vendor on account, FOB shipping point, with terms of 3/10, n/30. The company pa
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Answer:

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Explanation:

The term 3/10 implies that the company would get a discount of 3% off the gross purchase price if its settles its account within 10 days of purchase. Since the payment was made 9 days after then the  discount is secured.

The cost of inventory =  the net purchase price + the freight charges

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8 0
3 years ago
Perhaps the most important reason that u.s. companies have moved industrial production abroad is?
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Perhaps the most important reason that u.s. companies have moved industrial production abroad is that the labor of the other nation is paid the low wages than the labor wages in US.

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Job outsourcing can help American companies to compete in the economy by keeping prices low, but simultaneously it has a negative effect on

America has lost local jobs to different countries labor such as  China, Mexico, India, and other countries with lower wage standards.

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A nongovernmental not-for-profit organization received the following donations of corporate stock during the year:Donation 1 Don
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Answer:

C. $14,000

Explanation:

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If the price of one of the products associated with indifference curves increases, all else the same, what is the result?
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Answer:

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Explanation:

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Read 2 more answers
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