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nikklg [1K]
2 years ago
11

A group of friends goes out to lunch and decides to split the bill. Their bill is $32. 50, plus they want to leave a 20% tip. Th

e final amount will be split 4 ways. Hint: This is a multi step problem. First figure out the tip amount. Then add that to the bill. Then divide by 4. Question 4 options: $7. 50 $8. 15 $9. 75 $9. 50.
Business
1 answer:
ipn [44]2 years ago
5 0

Answer:

10% of $32.50 is $3.25 so 20% is $6.50

then, $32.50 + $6.50 =$39.00

$39.00 ÷ 4 = $9.75 a piece

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ABC uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost (retai
Licemer1 [7]

Answer:Ending Inventory at Cost= $981,248.40

Explanation:

                                     Cost                      Retail

Beginning inventory  $393,500         $594,000

purchases                      $3,408,000      $5,193,600                

freight in                        $159,500,

net markups                                                     $414,000

Total                          $3,961,000                     $6,201,600

Sales                                                 $4,666,000

Ending Inventory at Retail:=(Beginning inventory + purchases +net markups - Sales during the current year

594,000 + $5,193,600   +  $414,000- $4,666,000,  = $1,535,600

Cost to Retail Ratio:( Beginning inventory + purchases+freight in)/ (Beginning inventory + purchases +net markups )

=($393,500 + $3,408,000 +$159,500,) ÷ (594,000 + $5,193,600   +  $414,000) =$3,961,000/$6, 201, 600= 0.638= 0.639

Ending Inventory at Cost:   Ending Inventory at Retail x Cost to Retail Ratio

$1,535,600 x 0.639 = $981,248.40

8 0
3 years ago
In considering the market for yen and dollars, when the dollar depreciates:_________
Aleks04 [339]
It would be the Yeni may either appreciate amor depreciate
3 0
3 years ago
The upward-sloping portion of the long-run average cost curve is a result of:.
iogann1982 [59]

Answer:

average cost is increasing

Explanation:

7 0
2 years ago
Suppose you have $850 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. Ho
olganol [36]

Answer:

FV= $772

Explanation:

Giving the following information:

Initial investment (PV)= $850

Interest rate (i)= 3.5% = 0.035

Number of periods (n)= 5 years

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 650*(1.035^5)

FV= $772

8 0
3 years ago
(Learning Outcome 2) Watson Plumbing performed plumbing services for ABC Daycare on account for $565. How will this transaction
Strike441 [17]

Answer:

ABC Daycare

Effect of Performing Plumbing Services on account on the Accounting Equation:

Assets (Accounts receivable) will increase by $565 and Equity (Retained Earnings) will equally increase by $565

Explanation:

a) Data and Analysis:

Accounts receivable $565 Service Revenue $565

The accounting equation that equals assets to liabilities and equity is always true at all times and with every correctly posted transaction.  It implies that assets are financed through the contributions made by either the owners (equity) or the creditors (debts), or a combination of the two.  This equation forms the basis for the double-entry system of financial accounting.

7 0
3 years ago
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