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fiasKO [112]
2 years ago
10

Dr. Smith purchased a used car for $11,325. Her state charges 8% tax for the car, $53 for the license plates, and $40 for a stat

e safety and emissions inspection. How does she need to play for these extra charges, not including the price of the car?
Mathematics
1 answer:
mezya [45]2 years ago
3 0

Answer:

999

Step-by-step explanation:

8% of 11,325 is 906

53 plus 40 is 93

906 plus 93 is 999

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3 years ago
Under the last-in, first-out (LIFO) inventory valuation method, a price index for inventory must be established for tax purposes
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Answer:

The laspeyres method of weighted aggregate price index is used of LIFO inventory valuation, therefore laspeyres index number is 106.08

Step-by-step explanation:

First of all we would have to perform the following table:

                                             

Product   Ending Inventory(Q0)  Begining(P0)   Ending(P1)   P0×Q0   P1×Q0  

    A                    500                         0.15               0.21                75        105

    B                       50                         1.60               1.80                 80         90

    C                       100                        4.50             4.20                 450      420

    D                       40                          12.00          13.40                 480     536

                                                                                             Total  1085     1151

Therefore, using laspeyres index number, we calculate the following:

laspeyres index number=(∑P1×Q0/∑P0×Q0)×100

laspeyres index number=(1151/1085)×100

laspeyres index number=106.08

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