Answer:
$18.4
Explanation:
Data provided in the question:
Maximum value on which there is no tax = $500
Tax paid on the portion of the total value in excess of $500 = 8% = 0.08
Total value of the goods imported by the returning tourist = $730
Now,
The excess amount of portion on which the tax will be charged
= Total value of the goods imported - Maximum value on which there is no tax
= $730 - $500
= $230
Therefore,
@8% tax rate
Total tax that must be paid on excess portion i.e $230
= $230 × 8%
= $230 × 0.08
= $18.4
Answer:
Interest= 25%
Explanation:
Giving the following information:
Friendly’s Quick Loans, Inc., offers you "eight for ten or I knock on your door." This means you get $8 today and repay $10 when you get your paycheck in one week (or else).
Interest for the operation:
Interest= 10/8*100= 25%
Opportunity costs are the measures of things you must give up when you make a certain decision.
In this case, if country A decides to produce all petroleum, they are choosing not to produce 8 units of seafood. This is their opportunity costs because they are giving up the 8 units of seafood to make petroleum.
The same is true for country B. If they choose petroleum, they are giving up the ability to make 8 units of seafood.
Based on the fact that CTR, Inc sent a check to Acel Co, there will be a debit to b. Accounts receivable is debited to reinstate the CTR account.
<h3>Which account will be debited?</h3>
The Accounts Receivable account will be debited by the Allowance for Doubtful Accounts to bring back the written off debt.
The Account Receivable account will then be credited to cash to account for the cash being received.
In conclusion, option B is correct.
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