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3 years ago

Forsyth County charges a 7% sales tax. If you bought a new printer form $3250.00, what is the total cost for the printer?

Business

1 answer:

iren2701 [21]3 years ago

5 0

Answer:

Total cost = $3477.5

Explanation:

Given the following data;

Sales tax = 7%

Cost price = $3250.00

To find the total cost for the printer;

First of all, we would determine the sales tax

Sales tax = 7/100 * 3250

Sales tax = 7 * 32.5

Sales tax = $227.5

Now, we can find the total cost;

Total cost = sales tax + cost price

Total cost = 227.5 + 3250

Total cost = $3477.5

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what is one of the reasons marketing is essential to the free market system A. it employs more people that any other career grou

Shkiper50 [21]

Answer:

B. it helps educate consumers about competitive products.

Explanation:

In the free-market economy, entrepreneurs have the freedom to start and operate any business of their preference. They are no restrictions on the number or type of business to establish. Due to this reason, business competition is very intense. Producers provide a variety of products and services that offer solutions to customers' problems.

Marketing becomes important as it informs consumers of the various goods and services available. It equips customers with the knowledge to enables them to choose between products.

5 0

3 years ago

WatchNU is a company that designs and manufacturers drones for military use. The supply manager is getting ready to renegotiate

harina [27]

Answer:

Variable Cost $893,520

Fixed Cost $128,000

Total Cost $1,021,520

Explanation:

Calculation to determine the costs to insource the security services

VARIABLE COST

Using this formula

Variable cost =Total Quantity of Output x Variable Cost Per Unit

Let plug in the formula

Variable cost =3* ($34/hour x 24 hours/day x 365 days per year)

Variable cost = $893,520

FIXED COST

Using this formula

Fixed cost=Salary and Benefits for a full time security service manager+Other Fixed Costs

Let plug in the formula

Fixed cost=($99,000) + ($29,000)

Fixed cost= $128,000

TOTAL COST

Using this formula

Total Cost = Variable Cost + Fixed Cost

Let plug in the formula

Total Cost=($893,520) + ($128,000)

Total Cost= $1,021,520

Therefore the costs to insource the security services will be:

Variable Cost $893,520

Fixed Cost $128,000

Total Cost $1,021,520

5 0

3 years ago

How can a reduction of in-transit inventory be encouraged?

sukhopar [10]

Supplier location near plants is the thing you must do for the reduction of in-transit inventory.Good in transit is to merchandise and other types of inventory that had left in the sales or the shipping dock seller, but not yet reached the receiving dock of the buyer. The answer in this question is supplier location near plants.

5 0

3 years ago

Sheffield Marina has 300 available slips that rent for $1,000 per season. Payments must be made in full by the start of the boat

PolarNik [594]

Answer:

Please refer below the journal entries along with their explanation

Explanation:

Journal Entries for December 31, 2017

2018 season

Cash (300 x $1000) Debit $300,000

Unearned Revenue Credit $300,000

(To record rent revenue for the year ended Dec 31, 2017).

Journal Entries for October 31, 2018

2018 season

Unearned Rent Debit $300,000

Rent Revenue Credit $300,000

Journal Entries for December 31, 2018

2019 season

Cash (240,000-9,600) Debit $230,400

Discount Debit $9,600

Unearned Revenue Credit $240,000

For 2019 season, renters shall avail the discount of 4% on 56 slips i.e. 240 x 1000 = 240,000

Discount = 240,000 x 0.04 = 9,600

2020 season

Cash (56,000-10,080) Debit $45,920

Discount Debit $10,080

Unearned Revenue Credit $56,000

For 2020 season, renters shall avail the discount of 18% on 56 slips i.e. 56 x 1000 = 56,000

Discount = 56,000 x 0.18 = 10,080

5 0

3 years ago

You take out a loan for $4000 at an annual interest rate of 5% (compounded annually). You must pay back the loan in 3 annual ins

GalinKa [24]

Answer: = $2,731.14

Explanation:

First find the annual payment.

The payment will be constant so is an annuity.

Present Value of an Annuity = Payment * Present Value Interest Factor of an annuity

4,000 = Payment * PVIFA( 3 periods, 5%)

4,000 = Payment * 2.7232

Payment = 4,000 / 2.7232

Payment = $1,468.86

This annual Payment is divided into an interest component and a component going towards principal repayment.

Interest component = 5% * 4,000

= $200

Amount going to principal = 1,468.86 - 200

= $1,268.86

Amount of Principal Outstanding = 4,000 - 1,268.86

= $2,731.14

3 0

3 years ago