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Alona [7]
3 years ago
10

1. Max purchased a used car for $3400. He paid 62 % sales tax. How much tax did he pay?​

Business
1 answer:
Y_Kistochka [10]3 years ago
5 0

Answer:

$2,108

Explanation:

Max purchases a used car for $3400.

The sales tax paid was 62%

The tax amount would be 62% of $3,400

=62/100 x $3,400

=0.62 x $3,400

=$2,108

Tax amount = $2,108

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Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of the board of directors on Dec
DaniilM [7]

Answer:

See the journal entry below

Explanation:

Retained earnings A/c Dr $500,000

Dividends payable A/c Cr $500,000

Here, cash dividend is being declared by the board on 100,000 shares hence the account of retained earnings is debited and account of dividends payable is credited.

NB.

Amount = Share × Price per share

Given that;

Share = 100,000

Price per share = $5

Amount

= 100,000 × $5

= $500,000

4 0
3 years ago
A corporation's legal capital:
Fantom [35]

Answer: d. Is established to protect the corporation's creditors.

Explanation:

A corporation's legal capital is the part of a company's equity that absolutely cannot be allowed to leave the company. It is illegal to distribute them as dividends or any other means.

The purpose of this is to ensure that the creditor's rights to assets in the company are protected in the event that some mishap should befall the company.

3 0
3 years ago
Read 2 more answers
A lower control limit must by definition be a value less than an upper control limit. True or false
SVEN [57.7K]

Answer:

True

Explanation:

  • The lower control limit is a limit of the quality control characteristics that describe the common cause of variations form the natural control process,  that horizontal lines that are drawn in the distance of plus and minus 3.  Found usually in the six sigma model of the quality deviation.
5 0
3 years ago
Which industry has been relying on neural network technology for over two decades?
sattari [20]
The Finance industry
4 0
3 years ago
A shop that makes candles offers a blueberry scented candle which has daily demand of 10 boxes. Blueberry candles can be produce
Lostsunrise [7]

Answer:

E. 115 boxes.

Explanation:

d: 10 boxes/day

p: 36 boxes/day

n: 365 days

s: $60

H: $24 box/year

D: d*n

D= 10*365= 3650 boxes/year

EPQ = \sqrt{2DS/H} *\sqrt{p/p-d}

EPQ=\sqrt{2*365*60/24} *\sqrt{36/36-10}  

EPQ= 158.96 = 159 units

I=Q/P * (p-d)

I=159/36 * (36-10)

I=114.83

115 boxes aproximately

7 0
3 years ago
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