Problem #1. Your cousin purchased a refrigerator at Costco for $864.99 The delivery charge state sales tax is 6 %, and the city tax is 1-%. (a) What is the total amount of sales tax on the refrigerator? (b) What is the total purchase price?
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- What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?Problem #1. Your local florist shop purchases an order of imported tulips with a list price of $1,975 less trade discounts of 25/15/10. (a) What is the amount of the trade discount? (b) What is the net amount of the order?Problem #2. Your friend and her partner have a combined gross income of $12,132 and monthly expenses totaling $3,105. They plan to buy a house with a mortgage whose monthly PITI will be $2,000. (a) What is your friend and her partner's combined housing expense ratio? (b) What is their total obligations ratio? (c) For what kind of mortgage can they qualify, if any? (d) If they do not qualify for an FHA mortgage, by how much should they reduce their monthly expenses in order to be eligible? (Set up an equation and solve it.)
- Ron Company has the following commission schedule: Commission rate Sales 2 % Up to $80,000 3.5 % Excess of $80,000 to $100,000 4 % More than $100,000 Calculate the gross earning. Employee Total sales Gross earning Bill Moore $70,000 Please show me how to work out problems like this.What is the financial costs?Suppose a town has 75,000 residents and needs to generate $4 million in new tax revenue. If the tax burden is distributed evenly, how much does each resident need to pay?
- Consider the following problem: One he finished his Dental Assisting program at RTC, Abdul decided to transfer to Washington State University to become a Dental Hygienist. He worked a total of 80 hours on his first paycheck. His total earnings on his first paycheck, before taxes, were $2,800. How much does Abdul make per hour in his new job as a Dental Hygienist? Question 3 What is Abdul's hourly wage? Group of answer choices $5,600 per month $35 per hour $2,800 per paycheck $35 per day Question 4 to explain why the size of the number you got makes sense. Just imagine that someone challenged your answer, and you wanted to convince them it was correct. Complete the following sentence: The answer I got makes sense becauseProblem #1. Your cousin purchased a refrigerator at Costco for $794.90. The delivery charge was $24.99, and the ice maker hookup amounted to $50. The state sales tax is 638%638%, and the city tax is 114%114%. (a) What is the total amount of sales tax on the refrigerator? (b) What is the total purchase price?Solve the following problems 1. A wholesale price list show that 50 bottle milk cost RM220. If 5 dozen can be bought at the same rate, find how much will they
- what is the gross profit margin on the coffee tales described in question 1 aboveA local convenience store sells a large variety of snack foods. If their budget for the month includes sales of $338,000, total variable costs of $202,800, and fixed costs of $24,500, how much must their sales be to break even?A publisher for a promising new novel figures fixed costs (overhead, advances, promotion, copyediting, typesetting, and so on) at $87,000 and variable costs (printing, paperm bilding, shipping) at $4.50 for each book produced. If the book is sold to distributors for $28 each, how many must be produced and sold for the publisher to break even?