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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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6 0
3 years ago
Marcella has a $65,000 basis in her 50% partnership interest in the JM Partnership before receiving any distributions. This year
PSYCHO15rus [73]

Answer:

C) $40,000 inventory basis, $15,000 JM basis.

Explanation:

JM distributed $80,000 worth of inventory, since Marcella has a 50% partnership interest, then half of the inventory belongs to her, $40,000 (= $80,000 / 2).

Since Marcella also received $10,000 in cash from JM, then her remaining basis in the partnership is:

$65,000 - $40,000 - $10,000 = $15,000

3 0
3 years ago
Shelby purchased 100 shares of ABCD Growth fund for $10.00 per share. She had income dividends of $15, capital gain distribution
a_sh-v [17]

Answer:

Percentage of total return on Investment = <em>ROI = 17%  </em>

Explanation:

Let’s

ROI = Return on Investment = ?

D = Dividends = $15

CGD = Capital Gain Distributions = $35

CGS = Capital Gain on Sale = $120

SP = Shares Purchased = 100

CS = Cost per share = $10.00

ROI = (D + CGD + CGS) / (SP * CS)

ROI = ($15 + $35 + $120) / (100 * $10.00)

ROI = 170 / 1,000

ROI = 0.17  

Percentage: 0.170 x 100%

<em>ROI = 17%  </em>

8 0
3 years ago
Read 2 more answers
Whispering Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures w
HACTEHA [7]

Answer and Explanation:

The weighted-average accumulated expenditure method will be used to compute the interest amount to be capitalized for a qualifying asset. Then the expenditure incurred during a particular month shall be multiplied by that month's outstanding and the sum is later divided over the total months in a given period.

(Check the attachment below for the computation of Whispering’s weighted-average accumulated expenditures for interest capitalization purposes.)

Therefore, Whispering's weighted-average accumulated expenditures for interest capitalization purposes is $2,334,000.

4 0
3 years ago
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trasher [3.6K]

Answer:

wholesaler-sponsored chain.

Explanation:

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