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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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TopChop sells hairstyling franchises. TopChop receives $56,000 from a new franchisee for providing initial training, equipment a
valentina_108 [34]

Answer:

$73,500  is the revenue TopChop will recognize for the arrangement with Carlos.

Explanation:

Revenue is calculated as follows.

= amount received + Use of name

= $56,000 + $35,000 × (1÷2)

= $73,500

New franchise fee can be immediately recognised as income.

5 0
3 years ago
In the long run for a competitive firm,
Andrei [34K]

Answer:

The correct answer is letter "C": the firm is at the bottom of its short run average cost curve.

Explanation:

Competitive firms are companies that accept the equilibrium price of a given good or service within a market. If they try to raise the price, they will not be able to sell their products. It is said that <em>in the long term a competitive firm is at the bottom of its short-run average cost curve because it portraits the most efficient level of production</em>. That curve shows the optimal least-cost input combination for producing output.

8 0
3 years ago
You just turned 35 and have been saving for an around-the-world vacation. You want to take the trip to celebrate your 40th birth
Olegator [25]

Answer:

(a) No, there is a Shortfall = $2,965

(b) $25,202.95

Explanation:

As provided current balance: $15,000

Current return on investment = 8%

Assumed this is compound interest as no amount is withdrawn in between.

Therefore, future value of $1 after 5 years @ 8% compounded per year =

1.469

Value of $15,000 on the date of 40th Birthday = $15,000 \times 1.469 = $22,035

There is a shortfall in the budgeted amount = $25,000 - $22,035 = $2,965

If $500 annual contributions are made in the same account then value shall be:

Value of $15,000 = $22,035

Value of $500 = Value of $1 after 5 years = $6.3359

= $500 \times 6.3359 = $3,167.95

Then total balance in account = $22,035 + $3,167.95 = $25,202.95

8 0
3 years ago
While gdp is a measure of total output for a nation, _______ is a measure of what is produced by americans throughout the world?
Goshia [24]
The answer is Gross National Income or GNI. It is the overall product and services earnings of people inside and outside the country, including businesses. Thus, the overseas earnings of Americans all over the world is also a part of GNI. 
8 0
4 years ago
Identify which group of accounts may require adjustments at the end of the accounting period.
FrozenT [24]

Answer:unearned revenue, Supplies, prepaid rent

Explanation:

7 0
3 years ago
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