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
I am Lyosha [343]
3 years ago
14

Including a 6 %6% sales​ tax, an inn charges $ 144.16$144.16 per night. find the​ inn's nightly cost before tax is added.

Business
1 answer:
larisa86 [58]3 years ago
5 0
To find the Inn's nightly cost before tax is added you will divide the total cost of the room $144.16 by the tax rate of 6%. When you divide the tax rate you will move the decimal over and use the number 1.06 (6%). When you divide $144.16 by 1.06 the answer is $136 per night before tax. To check your work you can multiply $136 by 1.06 giving you a total cost of $144.16 after tax.
You might be interested in
What is first step of the financial planning process
Komok [63]

Answer:

Establishing and defining the client-planner relationship is the first step in the financial planning process.

<u>Explanation:</u>

Financial planning is a technique that determines how a business or an organization plans to achieve its goal and objectives. This plan enables the necessary activities, resources, and materials used to achieve the objectives of a business.

The financial planning process typically involves 6 major steps to clear the organization objectives.

  • First step is used to determine the financial status of an    organization based upon incomes, savings and profits earned.
  • The second step defines the needs and wants of an individual in framing his goal.
  • The third step is used to develop alternate methods in solving problems.
  • The fourth step evaluates the alternate methods and it suggest the best alternative to be followed.
  • The fifth step suggest the individual to take necessary action to achieve their goals.
  • The sixth step implements the method of revising and rescheduling the actions as per the plan to clear the objectives.
8 0
3 years ago
The total annual expenditures on advertising in the United States Multiple Choice peaked last year at approximately $700 billion
sweet [91]

The total annual expenditures on advertising in the United States is about $420 billion.

Explanation:

In general, promotional expenses should be listed on the Income Statement of the organization.

Look for "advertising expenses," "marketing expenses" or "sale expenses." Often these costs may be combined in other financial or general costs.

Collectively, the top 200 marketers in the US spend a whopping 163 billion dollars on ads in 2018, up 3.6 per cent year on year, according to Ad Age's latest Leading National Marketers study.

5 0
3 years ago
Stock splits can be used to: C) increase the par value per share while decreasing the market price per share. A) adjust the mark
labwork [276]

Answer:

A) adjust the market price of a stock so it falls within a preferred trading range

Explanation:

A stock split is when a company increases the number of its shares outstanding.

for example if a company has 6 million shares outstanding at a price of $10, earning per share is $1 and dividend per share is $2. this company announces a 2 for 1 split :

the number of outstanding shares becomes 2 x 6 million = 12 million

stock price becomes = $10 / 2 =$5

earning per share = $1 / 2 = $0.50

dividend per share = $2 / 2 = $1

After a stock split, the price of the shares falls. so it can be used to adjust the market price of a stock so it falls within a preferred trading range.

A stock split doesn't affect the balances in shareholders equity account.

Stock split doesn't affect the cash holdings of the firm.

Market capitalisation doesn't change after a split, so stock value doesn't change.

3 0
4 years ago
2) You purchase one MBI July 125 call contract (equaling 100 shares) for a premium of $5. You hold the option until the expirati
PtichkaEL [24]

Answer:

D) $500 loss

Explanation:

The computation of the realized value on the investment is shown below:

= Number of shares × premium

= 100 shares × $5

= $500 loss

Since the call is for 125 shares for $125 and the selling price per share is $123  due to which the contract is not implemented. So the premium amount would be recorded as a loss of $500

8 0
3 years ago
Which of the following would most likely use a job order costing system? a.oil refinery b.company that manufactures chlorine for
mamaluj [8]

Answer:

d swimming pool installer

Explanation:

7 0
3 years ago
Other questions:
  • Mr. Barker enjoys a comfortable retirement income. He recently had surgery and expected that he would have certain services and
    8·1 answer
  • The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal frame parts and electrical compone
    15·1 answer
  • If the total warehousing cost for the year amounts to $450,000, and 40 percent of the warehousing activity is associated with fi
    9·1 answer
  • If a particular part of the body receives frequent stimulation, the corresponding part of the somatosensory map will _________ a
    12·1 answer
  • Assuming that taxes and net exports are zero, government purchases of goods and services are equal to $12, and gross private dom
    5·1 answer
  • The matching principle is best demonstrated by:________.
    6·1 answer
  • Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance?
    6·1 answer
  • What circumstances does a person need to prove to have their student loans discharged through bankruptcy?
    8·1 answer
  • Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units Unit Cost Total Co
    14·1 answer
  • The expen Accounting changes are often made and the monetary impact is reflected in the financial statements of a company even t
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!