Homework Answers
| Lunch (with taxes) | $8.39 | ||
| Sales tax rate | 5% | ||
| Lunch (without taxes) | $7.99 | ||
| [$8.39/105% x 100%] | |||
| Taxes [$8.39 - $7.99] | $0.40 | ||
| The correct option is $7.99 for lunch and $0.40 for sales tax | |||
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Suppose you buy lunch for $8.39 that includes a 5 % sales tax. How much did...
Suppose you buy lunch for $15.20 that includes a 8% sales tax. How much did the...
Suppose you buy lunch for $15.20 that includes a 8% sales tax. How much did the restaurant charge you for the lunch (excluding any tax) and how much does the restaurant owe for sales tax? (Do not round intermediate calculations. Round the answers to 2 decimal places.) Multiple Choice $15.20 for lunch and $1.22 for sales tax. $14.07 for lunch and $1.13 for sales tax. $15.20 for lunch and $1.13 for sales tax. $13.98 for lunch and $1.22 for sales...
The Pita Pit borrowed $205,000 on November 1, 2021, and signed a six-month note bearing Interest at 12%. Principal...
The Pita Pit borrowed $205,000 on November 1, 2021, and signed a six-month note bearing Interest at 12%. Principal and Interest are payable in full at maturity on May 1, 2022 In connection with this note, The Pita Pit should report Interest expense at December 31, 2021, In the amount of: (Do not round your intermediate calculations.) Multiple Choice Ο Ο $12.300. Ο 84,100. Ο Ο 524,600. Ο Ο $0. On September 1, 2021. Daylight Donuts signed a $160,000,8% six-month...
If you pay for $25.00 for purchase which includes 11% sales tax. How much is the...
If you pay for $25.00 for purchase which includes 11% sales tax. How much is the sales tax? A) $2.48 B) $2.75 C) $3.00 D) $2.55 The correct answer is A, but why is it A?
2. If you pay for $25.00 for purchase which includes 11% sales tax. How much is the sales tax? A) $2.48 B) $2.75 C) $3....
2. If you pay for $25.00 for purchase which includes 11% sales tax. How much is the sales tax? A) $2.48 B) $2.75 C) $3.00 D) $2.55
The cash flow statement reports the cash purchases for property, plant and equipment. How much did...
The cash flow statement
reports the cash purchases for property, plant and equipment. How
much did the company purchase and sell?
Property, Plant and Equipment Property, plant and equipment, which includes assets under capital leases, are carried at cost less accumulated depreciation. Cost includes all direct costs necessary to acquire and prepare assets for use, including internal labor and overhead in some cases. Depreciation is computed using the straight-line method over estimated useful lives of the assets, generally ranging from...
Please show work as well if you can, thank you. . Appendix B Specimen Financial Statements:...
Please show work as well if you can, thank you.
. Appendix B Specimen Financial Statements: The Procter & Gamble Company Once each year, a corporation communicates to its stockholders and other interested parties by issuing a complete set of audited financial statements. The annual report, as this communication is called, summarizes the financial results of the company's operations for the year and its plans for the future. Many annual reports are attractive, multicolored, glossy public relations pieces, containing pictures...
Please read the article and answer about questions. You and the Law Business and law are...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...
The Pita Pit borrowed $205,000 on November 1, 2021, and signed a six-month note bearing Interest at 12%. Principal and Interest are payable in full at maturity on May 1, 2022 In connection with this note, The Pita Pit should report Interest expense at December 31, 2021, In the amount of: (Do not round your intermediate calculations.) Multiple Choice Ο Ο $12.300. Ο 84,100. Ο Ο 524,600. Ο Ο $0. On September 1, 2021. Daylight Donuts signed a $160,000,8% six-month...
2. If you pay for $25.00 for purchase which includes 11% sales tax. How much is the sales tax? A) $2.48 B) $2.75 C) $3.00 D) $2.55
The cash flow statement
reports the cash purchases for property, plant and equipment. How
much did the company purchase and sell?
Property, Plant and Equipment Property, plant and equipment, which includes assets under capital leases, are carried at cost less accumulated depreciation. Cost includes all direct costs necessary to acquire and prepare assets for use, including internal labor and overhead in some cases. Depreciation is computed using the straight-line method over estimated useful lives of the assets, generally ranging from...
Please show work as well if you can, thank you.
. Appendix B Specimen Financial Statements: The Procter & Gamble Company Once each year, a corporation communicates to its stockholders and other interested parties by issuing a complete set of audited financial statements. The annual report, as this communication is called, summarizes the financial results of the company's operations for the year and its plans for the future. Many annual reports are attractive, multicolored, glossy public relations pieces, containing pictures...
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