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2 years ago

Suppose consumers buy 50 million packs of cigarettes per month at a price of $5 per pack. If a $1 tax is added to that

Business

1 answer:

olganol [36]2 years ago

4 0

Answer:

Percentage change= 20%

Explanation:

Giving the following information:

Selling price before tax= $5

Tax= $1

Selling price after tax= $6

<u>To calculate the percentage increase, we need to use the following formula:</u>

<u></u>

Percentage change= [(Selling price after tax - Selling price before tax)/Selling price before tax]*100

Percentage change= [(6 - 5)/5]*100

Percentage change= 20%

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A company receives a 10%, 120-day note for $1,500. The total interest due on the maturity date is: (Use 360 days a year.)

andriy [413]

Answer:

Explanation:

1,500x.10x120/360 = 50 i believe?

8 0

3 years ago

"The balance sheet of Ambiance Corporation reported current assets of $186,708, total assets of $300,000, current liabilities of

Alika [10]

Answer:

5.17(Approx)

Explanation:

Given that,

Current assets = $186,708

Total assets = $300,000

Current liabilities = $36,139

Total liabilities = $125,000

current ratio = current assets ÷ current liabilities

= $186,708 ÷ $36,139

= 5.17(Approx)

Therefore, the company’s current ratio is 5.17.

8 0

3 years ago

The Chiemsee Knee Replacement Clinic (CKRC) is a sports clinic located at the northern edge of the German Alps. It specializes i

Montano1993 [528]

Answer:

what i did not un

Explanation:

7 0

3 years ago

Summary financial information for Paragon Company is as follows. Dec. 31, 2014 Dec. 31, 2013 Current assets $ 203,600 $ 254,000

beks73 [17]

Answer:

Current assets:

Amount = 2014 value - 2013 value

= $203,600 - $254,000

= -($50,400) (Negative)

percentage changes = $\frac{Amount}{2013\ value}\times100$

= $\frac{50,400}{254,000}\times100$

= (19.84)%

Plant assets:

Amount = 2014 value - 2013 value

= $1,397,000 - $831,700

= $565,300

percentage changes = $\frac{Amount}{2013\ value}\times100$

= $\frac{565,300}{831,700}\times100$

= 67.96%

Total assets:

Amount = 2014 value - 2013 value

= $1,600,600 - $1,085,700

= $514,900

percentage changes = $\frac{Amount}{2013\ value}\times100$

= $\frac{514,900}{1,085,700}\times100$

= 47.42%

6 0

3 years ago

New corporate bond issues in excess of $50,000,000 are:________.

tamaranim1 [39]

Answer: C. II and III

Explanation:

Under the Security Act of 1933, new corporate bond issues of such high amounts are not exempt from the Act and so need to be registered with the Securities and Exchange Commission (SEC).

Also, as the amount exceeds $50,000,000, the issue is subject to the Trust Indenture Act of 1939 which states that the issuer should include certain protective provisions that are recommended by the SEC in order to protect bondholders. The adherence to these covenants will then be monitored by an independent trustee that is to be appointed by the Issuer.

8 0

3 years ago