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2 years ago

A telephone cost $250. the sales tax is 7.5 . what was the cost of the telephone including sales tax

Business

1 answer:

Katena32 [7]2 years ago

6 0

Answer:

268.75

Explanation: The sales tax should be 18.75

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At a price of $13, quantity demanded is ________, quantity supplied is ________ ; therefore excess ________ has occurred.

TEA [102]

At a price of $13, quantity demanded is 120 units, quantity supplied is 130 units; therefore, excess supply has occurred. This is also called as economic surplus. This is the effect when the price set to the product is above its equilibrium level which is determined by its supply and demand.

5 0

3 years ago

Unexpectedly high inflation tends to hurt ________ most

a_sh-v [17]

Unexpectedly high inflation tends to hurt lenders the most. When lenders lend money, it is valuable , but the amount of money that must be returned to him/her is fixed. Over time, the value of the money keeps depreciating and finally when the borrower does return the money, the value decreases to a very small amount, which is not worth much. For example, let's say a borrower borrows money from a lender to buy a car. With time, the value of money depreciated so much that when the borrower finally returns the money, the same amount of money is not even worth buying a box a matches!

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4 years ago

On July 1, 2019, Bronson Co. purchased some equipment that initially cost $52,800. Additional costs included freight costs $300,

Lostsunrise [7]

Answer:

Depreciation Expense = $5800

Explanation:

As per the data given in the question,

Initial cost = $52,800

Freight cost = $300

Non-refundable tax = $6,400

Installation = $500

Estimated residual value = $2,000

Rate = 10%

So total cost of assets = $52,800 + $300 + $6,400 + $500

= $60,000

As per the following formula,

The straight line depreciation expense = (Cost- Residual value) × Straight line depreciation rate

=($60,000 - $2,000) × 10%

=$58,000 × 10%

=$5,800

8 0

3 years ago

Which of the following is a transaction for Tyler Corporation?

Ilya [14]

Answer:

Tyler pays its employees $400 for work done.

Explanation:

An accounting transaction is a financial event that has occurred already and can be recorded in an organization's financial statement.

In this case, the statement "Tyler pays its employees $400 for work done" is an example of a financial transaction because it has already occurred.

7 0

3 years ago

Read 2 more answers

On October 1, 2017, Sharp Company (based in Denver, Colorado) entered into a forward contract to sell 330,000 rubles in four mon

Yuliya22 [10]

Solution:

Date Account tides Debit (S in ruble) Credit (S in ruble)

and Explanation

Oct 1 Accounts receivable 96,600

Sales

( 210,000 ruble x $0.46) 96,600

Dec 31 Accounts receivable

( 50.49-50.46) x (210,000 ruble) 6,300

Foreign Exchange gain 6,300

Loss on forward contract 2079,21

Forward Contract

(50.52-50.51) x 210,000 ruble =2,100

2,100 x 0.9901= $2079.21 2079.21

Jan31 Accounts receivable (LC U) 4,200

Foreign exchange gain

(50.51-50.49) x 210,000 ruble 4200

Foreign currency 107,100

Accounts receivable

(596.600-56,300-54,200) 107,100

Cash 107,100

Foreign cuuency (LCU)

($0.51 x210.000 ruble) 107,100

6 0

3 years ago