Answer:
Tom paid $23.54 while his cousin spent $18.72. Tom spent more on tax $.082 more than his cousin.
Explanation:
Tom
Cost of shirt = $22
Sales tax = 7%
Total amount paid = 22 + (7% × 22)
= 22 + 1.54
= $23.54
Tom's cousin
Cost of shirt = $18
Sales tax = 4%
Total amount paid = 18 + (4% × 18)
= 18 + 0.72
= $18.72
Tom spent more on tax as he spent $1.54 as against his cousin's $0.72.
Answer:
Yes, it is a binding contract.
Explanation:
A contract is a legal binding agreement between two or more parties at the court of law. The agreement could be in terms of money, services, right or duties between the parties involved.
Since a consent has been reached between the two parties before the judge, Charles would pay the sum in the stipulated manner. The acceptance of the offer of payment by Sandra made it a binding contract for Charles, so he is bound by this service until he pays the full amount to Sandra.
The future value of 875 six years from now is mathematically given as
F= 1.313.13
<h3>What is the
future value of 875 six years from now if the required rate of return is 7%?</h3>
Generally, the equation for Future Value is mathematically given as
Future Value = P * (1+r)^n
Therefore
F= 875 * (1+7%)^6
F= 875 * 1.50073035
F= 1.313.13
In conclusion, Future Value
F= 1.313.13
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Answer:
d. Exercise their authority based on their rank in the organization
Explanation:
Transformational leadership is one where the leader works with his subordinates to identify their needs, create a goal, and mentor them to achieve these goals.
Subordinates are motivated and guided to achieve personal and business success. They tend to grow in their careers as a result of the value added by the leader.
Leaders who exercise their authority based on their rank in the organisation are not transformational leaders, rather they are authoritative.
Answer:
All of the above are correct.
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Because price is set above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus.
Because price is set above equilibrium price, quantity demanded will decrease
