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Elina [12.6K]
3 years ago
11

A store puts everything on sale for 20% off. If the sales tax is 8%, what percent of the original marked price is the final cost

including tax
Business
1 answer:
iogann1982 [59]3 years ago
4 0

Answer:

86.4%

Explanation:

the original marked price is m

then with a sales discount of 20%

the (pre-sales tax) sale price is 100%−20%=80% of 

The post-sales tax price is the pre-sales tax price plus 8%,

that is the post-sales tax price is 108%=1.08 of the pre-sales tax price.

Therefore the final cost (i.e. the post-tax price) is

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Zhang company reported cost of goods sold of $841,000, beginning inventory of $38,400 and ending inventory of $46,900. the avera
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Zhang company suggested price of goods bought of $841,000, establishing inventory of $38,400 and ending inventory of $46,900. the common stock amount is $42560.

Average stock is the average amount or price of your stock over two or more accounting periods. It is the mean cost of inventory over a given quantity of time. That price may additionally or may additionally now not equal the median fee derived from the identical data.

<h3>What is the average inventory level?</h3>

The average inventory degree refers to the number of units, now not the monetary fee of these units. Determining average stock degree is simpler than identifying the average inventory cost. There's one less calculation: you do the identical thing, however assign no value to products. You're simply averaging their quantity.

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4 0
2 years ago
The costs of direct materials, direct labor, and overhead for partially completed products are known as:
slavikrds [6]

The costs of direct materials, direct labor, and overhead for partially completed products are known as total manufacturing costs.

Direct material costs are the costs of raw materials and parts used to manufacture products. The materials must be clearly identifiable in the resulting product (otherwise they are considered community costs). Direct material costs are one of the few variable costs associated with the production process.

Therefore, it is used to derive the throughput from the production process. The throughput is the revenue minus all fully variable costs. Examples of direct materials include wood used to build houses, automobile steel, radio circuit boards, and fabrics used to assemble garments.

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8 0
2 years ago
. Increasing your 401k deduction will ________ your take-home pay and __________ your federal taxes in the current year
Fittoniya [83]
I believe the answer is: <span>decrease/decrease

two facts about 401k are:

- It directly deducted from the amount of salary that you receive from your workplace, which would reduce your take home pay.

- The tax rate that you should pay is multiplied by your net income. When your income is deducted through 401k, the amount of your net income would be reduced along with your tax payment.
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7 0
3 years ago
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Statement of Shareholders' Equity You may use the attached spreadsheet to help you complete this activity, but you are not requi
svlad2 [7]

Answer:

POWDER COMPANY Statement of Shareholders' Equity For Year Ended December 31, 2019:

Preferred Stock $100 par  $126,800

Common Stock $5 par $46,400

Additional Paid-in Capital on Preferred Stock $31,700

Additional Paid-in Capital on Common Stock $73,100

Retained Earnings $206,494

Total Shareholders' Equity $484,494

(See calculations below:)

Explanation:

a) Statement of Shareholders' Equity: This is a financial statement under the balance sheet which a company issues to show the changes within the equity section of the balance sheet over a designated period of time.

b) Preferred Stock $100 par $92,800

New Issue, 340                     $34,000

Total $126,800

c) Common stock, $5 par = $37,400

New Issue, 1,800 shares  =   $9,000

Total $46,400

d) Additional paid-in capital on preferred stock 21,500

From new issue of 340 by $30 per share         10,200

Total $31,700

e) Additional paid-in capital on common stock $58,700

From New Issue 1,800 by $8 per share             $14,400

Total $73,100

f) Retained earnings    =      $185,700

 Net Income for the year     $38,950

Less Dividends: Preferred -$8,876 ($7 x 1,268 shares)

Less Dividends: Common -$9,280 ($1 x 9,280 shares)

Retained Earnings balance $206,494

6 0
3 years ago
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BigorU [14]
I think the answer is 38,000
7 0
3 years ago
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