Answer:
$2,108
Explanation:
Max purchases a used car for $3400.
The sales tax paid was 62%
The tax amount would be 62% of $3,400
=62/100 x $3,400
=0.62 x $3,400
=$2,108
Tax amount = $2,108
Answer:
A) a non-binding price floor
Explanation:
A non-binding price floor is a price floor set below the current equilibrium price, so it really doesn't affect either the supply or demand of the product.
A binding price ceiling will result in a shortage since it decreases quantity supplied and increases quantity demanded. Rent control is a type of binding price ceiling. A minimum wage is a type of binding price floor which results in labor supply surplus since the quantity of labor supplied will increase but the quantity of labor demanded will decrease.
In a 2 for 1 stock split, par
value and market value will be 1/2 of what they were prior to the split and
number of shares will be two times what it was.
So,
par value will be 6 x 0.5 = $
3.00
market value will be 25 x 0.5
= $ 12.50
number of shares 8,000 x 2 will be
16,000 shares
REGRESSION ANALYSIS METHOD
OPERATING CYCLE METHOD
PERCENTAGE OF SALES METHOD
