Answer:
$1,550
Explanation:
Given that
Price tag = $620
Discount percentage = 60%
By taking the information,
The computation of the suit original price equal to
= Price tag ÷ (1 - discount percentage)
= $620 ÷ (1 - 0.60)
= $620 ÷ 0.40
= $1,550
Therefore, the suit original price is $1,550 after considering the discount percentage and the price tag.
<h2>Plus changes in business inventories, plus purchases of new residential housing</h2>
Explanation:
Let us understand the term deeply what an "investment" is about.
- It is the amount of money spent on something which would yield a better returns"
- These are purchase of goods which may not be essential or not going to be used immediately but it is bought keeping future in mind
- Those are also called an "asset" which can be sold in future "for higher profit returns"
- This is action is done to "financially" be safe or protected
- There are different types of investment and should be carefully chosen based on the returns and risks associated with that.
Answer:
Total cash collection= $20,375
Explanation:
Giving the following information:
Big Wheel, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.
<u>Sales:</u>
March= $16,300
April= $32,600
<u>Cash collection April:</u>
Sales on account from April= 32,600*0.25= 8,150
Sales on account from March= 16,300*0.75= 12,225
Total cash collection= $20,375