1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iren [92.7K]
3 years ago
11

Lisa purchased a hat for $10, a purse for $20, and a book for $23. The sales tax rate was 7.2 percent. What was the total amount

she paid?
Business
1 answer:
zloy xaker [14]3 years ago
7 0
Here is the solution on how much the total amount that Lisa paid:
<span>The total amount for all the items is $53:  $10 + $20 + $23 = $53
Now, 7.2% = 0.072
Compute for the sales tax of each item:
$10 x 0.072 = .72
$20 x 0.072 = 1.44
$23 x 0.072 = 1.66
The total sales tax would be: .72 + 1.44 + 1.66 = $3.82
Now add the Sales tax to the total price of the items. $53 + 3.82 = $56.82
</span>Therefore, Lisa paid $56.82.
You might be interested in
Sanibel Autos Inc. merged with its competitor Vroom Autos Inc. This allowed Sanibel Autos to use its technological competencies
Nimfa-mama [501]

Answer:

Horizontal integration

Explanation:

Integration is a strategy used by businesses to gain a better market share. It involves cooperating with other business owners to increase sales for both parties.

Horizontal integration is when businesses bate the same level in the value chain collaborate to increase profits.

In the give scenario Sanibel Autos Inc. merged with its competitor Vroom Autos Inc, and Sanibel Autos to use its technological competencies along with Vroom Autos' marketing capabilities to capture a larger market share.

The stage of value chain is when businesses prospect for customers. This interpretation enables them gain more customers.

8 0
3 years ago
Grouping pieces of information together to expand the effective capacity of short-term memory is termed _________.
Goryan [66]

Answer:

The correct answer is Chunking

Explanation:

3 0
3 years ago
What happens when sellers compete with other sellers to meet consumer's demands, and consumers compete with other consumers to f
Marrrta [24]

Answer:

Markets are competitive.

Explanation:

In the competitive market, the number of sellers competed with each other in terms of prices, quality, maximize the market share.

In the given situation, various sellers are competed with each other for meeting out the consumer demands also at the same time it offers the goods at lowest cost and highest quality so that it capture the whole market

Therefore the second option is correct

6 0
3 years ago
A national restaurant chain encourages its customers to use its website as a means of providing comments about their experiences
lara31 [8.8K]

Answer:

The correct answer is (D)

Explanation:

The restaurant is using a micro-marketing technique which is an efficient and effective tool to measure marketing campaign. Micro-marketing method is used by the restaurant to help them understand the assessment of the customers and to make necessary changes. Micro-marketing technique is used to target a small group of customers. In this case, the restaurant is targeting customers who use the restaurant website.

7 0
3 years ago
Both Bond Sam and Bond Dave have 7.3 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has three
Zarrin [17]

Answer:

Sam change:   -5.13%

Dave change -18.01%

Explanation:

If interest rate increase by 2%

then the YTM of the bond will be 9.3%

We need eto calcualte the present value of  the coupon and maturity of the bond at this new rate:

<em><u>For the coupon payment we use the formula for ordinary annuity</u></em>

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

Coupon payment: 1,000 x 7.3% / 2 payment per year: 36.50

time 6 (3 years x 2 payment per year)

YTM seiannual: 0.0465 (9.3% annual /2 = 4.65% semiannual)

36.5 \times \frac{1-(1+0.0465)^{-6} }{0.0465} = PV\\

PV $187.3546

<u><em>For the maturity we calculate usign the lump sum formula:</em></u>

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity: $ 1,000.00

time: 6 payment

rate: 0.0465

\frac{1000}{(1 + 0.0465)^{6} } = PV  

PV   761.32

Now, we add both together:

PV coupon $187.3546 + PV maturity  $761.3154 = $948.6700

now we calcualte the change in percentage:

948.67/1,000 - 1 = -0.051330026 = -5.13

For Dave we do the same:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 36.50

time 40

rate 0.0465

36.5 \times \frac{1-(1+0.0465)^{-40} }{0.0465} = PV\\

PV $657.5166

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   40.00

rate  0.0465

\frac{1000}{(1 + 0.0465)^{40} } = PV  

PV   162.34

PV c $657.5166

PV m  $162.3419

Total $819.8585

Change:

819.86 / 1,000 - 1 = -0.180141521 = -18.01%

6 0
3 years ago
Other questions:
  • 1. A coupon bond pays the owner of the bond A) the same amount every month until the maturity date. B) a fixed interest payment
    7·2 answers
  • How would your most recent supervisor or teacher rate your dependability compared to others?
    8·1 answer
  • On January 1, year 2, Connor Corporation signed a $100,000 noninterest-bearing note due in three years at a discount rate of 10%
    5·1 answer
  • Which of the following will shift the aggregate demand curve to the left?
    11·1 answer
  • The following transactions occurred during July: received $900 cash for services provided to a customer during July. Issued comm
    8·1 answer
  • Startup firms can struggle to gain lower prices from rivals, but FreshDirect seems to have found several ways to gain lower supp
    8·1 answer
  • Firms typically repurchase office supplies (paper, ink cartridges, pens, etc.) through straight rebuys on their supplier's websi
    7·1 answer
  • Flannigan Company manufactures and sells a single product that sells for $450 per unit; variable costs are $300. Annual fixed co
    6·1 answer
  • Assume that investment spending
    10·1 answer
  • When production is characterized by opportunity costs, the resulting production possibilities frontier will be a straight line.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!