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adelina 88 [10]
3 years ago
6

Susan makes a purchase of $175 and is charged 7.75% for sales tax. What is the total cost of the purchase if Susan charges it on

a credit card with a daily interest rate of 0.039% and pays the balance off at the end of 30 days
Business
1 answer:
Mashutka [201]3 years ago
7 0

Answer:

$190.77

Explanation:

Given that:

Actual purchase price = $175

Sales tax = 7.75%

Total = actual price + sales tax

Total = actual sales price + (7.75% * Actual sales price)

Total = $175 + (0.0775 * $175)

Total = $188.5625

To pay with credit card at 0.039% daily interest for 30 days :

(188.5625 * 0.039% * 30) + 188.5625

2.20618125 + 188.5625

= $190.76868125

= $190.77

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a. adds $10,000 in bank reserves.

Explanation:

Given that

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Now if you want to pay back the loan of $10,000 so here the act of paying back the loan is that the amount of loan i.e. $10,00 would get added to the bank reserves

Therefore as per the given situation, the option a is correct

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Assume the equilibrium price for a good is $10. If the market price is $5, a:_____________
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c. Shortage will cause the price to rise toward $10

Explanation:

c. Shortage will cause the price to rise toward $10

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2 years ago
Business messages usually conclude with a Multiple choice question. summary. supporting reasons. call to action. primary message
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Business messages usually conclude with a call to action.

<h3>What are business messages?</h3>

These are the ways through which companies and business have to communicate with one another.

The mediums through which they communicates includes:

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3 0
2 years ago
Sometimes you find yourself getting off-task because your boss keeps piling on the work, and you aren't sure what to prioritize.
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Explanation:

8 0
2 years ago
A firm has a long-term debt-equity ratio of .4. Shareholders’ equity is $1 million. Current assets are $200,000, and the current
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Answer:

Total debt ratio is 33.33%

Explanation:

A long term debt to equity ratio of 0.4 tells that the value of long term debt is 0.4 or 40% of the value of the equity. If the value of the equity is $1 million, the value of long term debt is,

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A current ratio is calculated by dividing the current assets by the current liabilities. It tells how many current assets are available to satisfy $1 of current liabilities. A current ratio of 2 means that for every $1 of current liability, $2 of current assets are available. Thus, current liabilities are half of current assets. If the value of current assets is $200000, the value of current liabilities is,

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2 years ago
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