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
Hoochie [10]
3 years ago
15

Silver Corporation, which operates a department store, sells a television to a store employee for $300. The regular customer pri

ce is $500, and the gross profit rate is 25%. The corporation also sells the employee a service contract for $120. The regular customer price for the contract is $150. How much must the employee include in income from both these transactions in total
Business
1 answer:
tatuchka [14]3 years ago
8 0

Answer:

$75

Explanation:

Calculation to determine How much must the employee include in income from both these transactions in total

Customer price for property $500

Less: Gross profit (25%*$500) ($125)

($500-$125=$375)

Employee price ($300)

INCOME $75

($375-$300)

Customer price for service $150

Less: (20%*$150)max exclusion (30)

($150-$30=$120)

Employee price 120

INCOME 0

($120-$120=$0)

Therefore the amount that the employee must include in income from both these transactions in total is $75

You might be interested in
The following is an estimated demand function:
Tanzania [10]

Answer:

The predicted value of sales is $75,037,500.

Explanation:

Given:

Q = 875 + 6XA + 15Y - 5P ……………………..(1)

Where:

Q = quantity sold = ?

XA = Advertising = $100,000

Y = Income = $10,000

P = Price = $100

Substituting the values into equation (1), we have:

Q = 875 + (6 * 100,000) + (15 * 10,000) - (5 * 100)

Q = 750,375

Therefore, we have:

Predicted value of sales = Q * P = 750,375 * $100 = $75,037,500

Therefore, the predicted value of sales is $75,037,500.

3 0
3 years ago
assume peru had an adult population of about 25 million, a labor-force participation rate of 60 percent and an unemployment rate
nikdorinn [45]

Answer: 15 million people were employed.

Explanation:

Hi, to answer this question we have to multiply the adult population (25,000,000) by the labor-force participation percentage in decimal form (divided by 100).

Mathematically speaking:

25,000,000 x (60/100) = 25,000,000 x 0.6 = 15,000,000 people

15 million people were employed.  

Feel free to ask for more if needed or if you did not understand something.

6 0
3 years ago
Say Mary would like to create a scholarship for $2,500 per year at ECU in her family's name. If the money market rate where the
Furkat [3]

Answer:

the amount that she have to donate is $166,666.70

Explanation:

The computation of the amount that she have to donate is shown below:

Donation amount is

= Annual scholarship ÷ (interest rate - inflation rate)

= $2,500 ÷ (5.5% - 4.0%)

= $2,500 ÷ 1.5%

= $166,666.70

hence, the amount that she have to donate is $166,666.70

We simply applied the above formula so that the correct value could come

And, the same is to be considered

4 0
3 years ago
Firms require capital to invest in productive opportunities. The best firms with the most profitable opportunities can attract c
Arturiano [62]

Answer:

Interest rate

Explanation:

Firms require capital to invest in productive opportunities. The best firms with the most profitable opportunities can attract capital away from inefficient firms with less profitable opportunities. Investors supply firms with capital at a cost called the <u>Interest rate</u>. The interest rate that investors require is determined by several factors, including the availability of production opportunities, the time preference for current consumption, risk, and inflation.

7 0
3 years ago
Which of the following statements is NOT true regarding locationâ decisions?
Lilit [14]

Answer: The correct answer is choice b.

Explanation: Location is very important for businesses. Of the options presented, the only one that is incorrect is choice b - Once management is committed to a specific location, many costs become easy to reduce. This choice is incorrect. Even though management is committed to a location, it does not mean that it is easy to reduce costs. Even though they are committed to a location, it may be impossible to reduce costs.

8 0
3 years ago
Other questions:
  • Which of the following accurately describes a shortage?
    14·1 answer
  • I have an idea that might address all of these issues. What if none of us have any of these donuts but instead we break up into
    9·1 answer
  • Super Saver Groceries purchased store equipment for $25,000. Super Saver estimates that at the end of its 10-year service life,
    7·1 answer
  • The management of L Corporation is considering a project that would require an investment of $260,000 and would last for 6 years
    12·1 answer
  • Sommer, Inc., is considering a project that will result in initial after tax cash savings of $2.3mil at the end of the first yea
    10·1 answer
  • Question 3 of 10
    5·1 answer
  • Cathy's Towels sells three items (which it purchases from a supplier): bath towels, hand towels, and washcloths in a 4:3:2 mix (
    12·1 answer
  • Select all that apply.
    10·2 answers
  • Oakland Tax Planning Service bought computer equipment for on January​ 1, 2018. It has an estimated useful life of four years an
    13·1 answer
  • Determining how many man-hours are needed to meet production goals involves what type of management role
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!