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 tax.
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Suppose you buy lunch for $15.20 that includes a 8% sales tax.
How much did the...
Suppose you buy lunch for $8.39 that includes a 5 % sales tax. How much did...
Suppose you buy lunch for $8.39 that includes a 5 % 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 pleces.) Multiple Choice ed $8.39 for lunch and $0.42 for sales tax $8.39 for lunch and no seles tax $8.81 for lunch and $0.42 for sales tax $799 for lunch and 50.40 for...
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
You have an investment that will pay you 1.13 percent per month. a. How much will...
You have an investment that will pay you 1.13 percent per month. a. How much will you have per dollar invested in one year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have per dollar invested in two years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Future value in one year b. Future value in two years
You have an investment that will pay you 1.13 percent per month. a. How much will...
You have an investment that will pay you 1.13 percent per month. a. How much will you have per dollar invested in one year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have per dollar invested in two years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Future value in one year b. Future value in two years
Suppose that you buy a two-year 8% bond at its face value, answer the following: a-1....
Suppose that you buy a two-year 8% bond at its face value, answer the following: a-1. What will be your total nominal return over the two years if inflation is 3% in the first year and 5% in the second? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Nominal return a-2. What will be your total real return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2...
You buy a zero coupon bond at the beginning of the year that has a face...
You buy a zero coupon bond at the beginning of the year that has a face value of $1,000, a YTM of 10 percent, and 22 years to maturity. You hold the bond for the entire year. Assume semiannual compounding. How much interest income will you have to declare on your tax return? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
1. You buy a zero coupon bond at the beginning of the year that has a...
1. You buy a zero coupon bond at the beginning of the year that has a face value of $1,000, a YTM of 10 percent, and 22 years to maturity. You hold the bond for the entire year. Assume semiannual compounding. How much interest income will you have to declare on your tax return? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) what is the Interest income $ ? 2. Ayden, Inc., has...
Suppose you are committed to owning a $245,000 Ferrari. If you believe your mutual fund can...
Suppose you are committed to owning a $245,000 Ferrari. If you believe your mutual fund can achieve an annual rate of return of 11.2 percent and you want to buy the car in 9 years (on the day you turn 30), how much must you invest today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Suppose you buy lunch for $8.39 that includes a 5 % 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 pleces.) Multiple Choice ed $8.39 for lunch and $0.42 for sales tax $8.39 for lunch and no seles tax $8.81 for lunch and $0.42 for sales tax $799 for lunch and 50.40 for...
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
You have an investment that will pay you 1.13 percent per month. a. How much will you have per dollar invested in one year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have per dollar invested in two years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Future value in one year b. Future value in two years
You have an investment that will pay you 1.13 percent per month. a. How much will you have per dollar invested in one year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. How much will you have per dollar invested in two years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Future value in one year b. Future value in two years
Suppose that you buy a two-year 8% bond at its face value, answer the following: a-1. What will be your total nominal return over the two years if inflation is 3% in the first year and 5% in the second? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Nominal return a-2. What will be your total real return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2...
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