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3 years ago

Santino bought a book for $23.54 the price of the book was $22. what was the sales tax rate

1 answer:

3 0

Hi there! The answer is 7%

The price of the book is $ 22.
Santino bought it for $ 23.54.
Therefore, the amount of tax is $ 1.54

Now we can find the sales tax rate by using the following formula:
$tax \: rate = \frac{tax}{price \: excluding \: tax} \times 100\%$

Filling in gives:
$tax \: rate \: = \frac{1.54}{22} \times 100\% = 7\%$

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Which of the following is an example of a positive, as opposed to normative, statement?  A. Inflation is more harmful to the ec

dlinn [17]

Answer: Option (C) is correct.

Explanation:

Positive view of the economy theory is largely based on the facts and incentives and it is engaged with most of the assumptions and check these assumptions reality to prove the facts.

On the other hand, normative view of economic theory is largely based on the statements, it is subjective and engaged with the value of the incentive or fact.

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3 years ago

Twenty years ago, your parents invested in Apple. As the years have gone by, the investment has grown. However, if Apple should

ELEN [110]

Answer:

your parents will only lose the value of their share

Explanation:

Based on the information provided within the question it can be said that if the Apple business were to declare bankruptcy then your parents will only lose the value of their share. That is because the shares are linked to the Apple company, meaning that if they declare bankruptcy the value of those shares will ultimately decrease to 0 and be worthless.

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3 years ago

Read 2 more answers

Shanken Corp. issued a bond with a maturity of 30 years and a semiannual coupon rate of 6 percent 4 years ago. The bond currentl

OverLord2011 [107]

Answer:

The company’s total book value of debt is $95,000,000.

Explanation:

1st Issue of Bonds:

Face Value = $45,000,000

Market Value = 95%*$45,000,000

= $42,750,000

Annual Coupon Rate = 6%

Semiannual Coupon Rate = 3%

Semiannual Coupon = 3%*$45,000,000

= $1,350,000

Time to Maturity = 26 years

Semiannual Period to Maturity = 52

Let semiannual YTM be i%

$42,750,000 = $1,350,000*PVIFA(i%, 52) + $45,000,000*PVIF(i%, 52)

Using financial calculator:

N = 52

PV = -42750000

PMT = 1350000

FV = 45000000

2nd Issue of Bonds:

Face Value = $50,000,000

Market Value = 54%*$50,000,000

= $27,000,000

Time to Maturity = 15 years

Semiannual Period to Maturity = 30

Let semiannual YTM be i%

$27,000,000 = $50,000,000*PVIF(i%, 30)

Using financial calculator:

N = 30

PV = -27000000

PMT = 0

FV = 50000000

Total Book Value of Debt = $45,000,000 + $50,000,000

= $95,000,000

Therefore, The company’s total book value of debt is $95,000,000.

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3 years ago

At the beginning of the period, Accounts Receivable equals $1,700. At the end of the period, Accounts Receivable equals $2,200.

True [87]

Answer:

$14,900

Explanation:

The computation of the cash received from customers are shown below:

= Opening balance of accounts receivable + service revenue - ending balance of accounts receivable

= $1,700 + $15,400 - $2,200

= $14,900

Simply we added the service revenue and deduct the ending balance of accounts receivable from the Opening balance of accounts receivable so that the accurate value can come.

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3 years ago

A company gives each worker a cash bonus every Friday, randomly giving a worker an amount with these probabilities: $10 - 0.75,

Hitman42 [59]

Answer:11.5

Explanation:

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3 years ago