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ivann1987 [24]
3 years ago
9

A man purchased a magazine at the airport for $ 2.79 . The tax on the purchase was $ 0.15 .What is the tax rate at the​ airport?

Business
1 answer:
lana66690 [7]3 years ago
4 0

Answer:

Tax on the airport= 5.376%

Explanation:

The tax rate on the airport can be calculated from  the price of the magazine on the airport and tax which is on the magazine when purchasing from the airport.

Tax rate at the airport=(Tax on the Purchase)/(Price of magazine at which it is purchased)

Tax\ rate\ at\ the\ airport=\frac{\$0.15}{\$2.79}

Tax\ rate\ at\ the\ airport=0.05376

In percentage:

Tax on the airport= 0.05376*100

Tax on the airport= 5.376%

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During its most recent fiscal year, Raphael Enterprises sold 340,000 electric screwdrivers at a price of $19.20 each. Fixed cost
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Answer:

Variable costs=$3,876,000

Explanation:

Given Data:

Fixed costs amounted=$1,156,000

pretax income=$1,496,000.

Units Sold=340,000

Price of each unit sold=$19.20

Required::

Variable costs in the company's contribution margin income statement for the year =?

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Pretax Income=Revenue-Fixed costs-Variable costs

Revenue=Units Sold*Price of each unit sold

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Revenue=$6,528,000

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Variable costs=$6,528,000-$1,156,000-$1,496,000

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3 years ago
Read 2 more answers
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