19. Jordan purchased a basketball from a store
and gave the clerk a $20 bill and a $5 bill and received $1.12 in
change. If the sales tax rate in his community is 6.5%, what was
the selling price for
Answers
$22.44 is the selling price of the basketball.
Let x be the selling price for the basketball. Since the sales tax rate in his community is 6.5%, then the amount of tax paid is 6.5% * x = 0.065x. So, the total amount paid by Jordan is: x + 0.065x = 1.065x.
He gave the clerk a $20 bill and a $5 bill, which means that the total amount of money given is:
$20 + $5 = $25
Therefore, the change he received is: $25 - (1.065x) = $1.12
We can solve for x by subtracting $1.12 from $25 and dividing the result by 1.065:
$25 - $1.12 = $23.88 (amount paid for the basketball + tax)
1.065x = $23.88
x = $23.88 / 1.065
x = $22.44
Therefore, the selling price of the basketball was $22.44.
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Related Questions
bzzagent mini case: bzzagent is a word-of-mouth marketing agency that runs brand advocate programs for global brands. it recently partnered with a company to pair its social media and word-of-mouth insights with shopper loyalty data. the results indicated that consumers who were making repeat purchases were also more engaged and created a higher volume of advocacy. the information from this study is important to marketers, who are trying to find ways to engage advocates and influencers, especially via social media. marketers are trying to figure out the characteristics of individuals who are most likely to influence others. in the bzzagent mini case, marketers are interested in finding individuals who influence others. the process by which one influential person informally influences the actions or attitudes of others is known as . question 28 options: a) referencing b) opinion leadership c) blogging d) positioning e) targeting
Answers
Marketers are searching for people who have sway over others in the BZZAGENT MINI CASE. Opinion leadership is the method by which one powerful individual subtly shapes the behaviors or attitudes of others.
The act of interpreting media messages or content for less sophisticated media users is known as opinion leadership. Usually, individuals who agree with opinion leaders hold them in high regard. The two-step communication flow idea put forward by Paul Lazarsfeld and Elihu Katz is where opinion leadership originates. Robert K. Merton, C. Wright Mills, and Bernard Berelson were significant contributors to the development of the opinion leader concept. The diffusion of innovations, concepts, or commercial goods is attempted to be explained by a number of models, some of which include this hypothesis.
Because we frequently ask for advice from others in a social setting, opinion leaders play a crucial part in information flow. The target audiences do not directly receive information from the media.
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Which phrase best completes the diagram?
Benefits of Trade Barriers
Ensure self-reliance
Keep workers employed
?
A. Prevent retaliatory trade barriers
B. Promote domestic industries
O C. Increase economic efficiency
O D. Increase consumer choice
Answers
Answer: B
Explanation: just got it right on the quiz!!!
The functional areas of business ethies include
Answers
Answer:
Production, Marketing and employment.
Explanation:
Business ethics refers to the policies which govern how a business would operate. It is the moral behaviour upon which a business entity revolves.
The functional areas of business ethics are;
1. Production. Businesses must produce goods which is part of the reason of being in existence. The business ethics here are the rules and policies that governs production in an organization.
2. Marketing. Businesses would advertise the goods and services they deal in to the outside world. The business this here is the moral relationship between the business employees and the perspective customers.
3. Employment. The business ethics in employment is the policy that governs how people are employed in an organization.
Production is not complete Until goods
reaches the final Consumer Explain
Answers
Answer:
B. goods reached the final consumer
Multiple-choices
A. goods gets to the wholesaler
B. goods reached the final consumer
C. factors of production are combined
D. goods are ready for transportation
E. wholesalers ask the firms to produce
Explanation:
Like all other businesses, a firm that produces goods for sale is driven by profit motives. The producer's main objective is to make goods that satisfy the customer's need and make profits. For this objective to be met, the producer must find a way of getting the goods to the consumer.
A marketing distribution channel or the distribution channel is the avenue producers use to deliver their products to final consumers. The channel has businesses ranging from distributors, wholesalers to retailers. The retailer is the final trader who sells directly to consumers. It is the consumer that pays the price for the goods, thereby earning the producer their profits.
Uniontown Books began operating in 2011. The company lost money its first three years of operations, but has had an operating profit during the past two years. The company's operating income (EBIT) for its first five years was as follows: Year EBIT 2011 -$2,200,000 2012 -$2,000,000 2013 -$1,000,000 2014 $1,200,000 2015 $7,000,000 The company has no debt, and therefore, pays no interest expense. Its corporate tax rate has remained at 34% during this 5-year period. What was Uniontown's tax liability for 2015
Answers
Answer: $1,020,000
Explanation:
Uniontown's tax liability for 2015 will be calculated thus:
Firstly, we'll calculate the loss to be adjusted in 2015 which will be:
2011 = $1,000,000
2012 = $2,000,000
2013 = $1,000,000
Total = $4,000,000
The profit after the adjustment of loss will be:
= EBIT in 2015 - Adjusted loss
= $7,000,000 - $4,000,000
= $3,000,000
Since Corporate tax rate is 34%, then. The tax liability for 2015 will be:
= $3,000,000 × 34%
= $1,020,000
Therefore, Uniontown's tax liability for 2015 is $1,020,000.
Note that from the total loss of $2,200,000 in 2011, $1,000,000 is adjusted in later years as $1,200,000 is adjusted in 2014.
You were recently hired as the manager of a chain of jewelry stores that are located in downtown Chicago. You are excited about the high level of autonomy that you have been given lu run the stores but are nervous because you've heard rumors that the previous manager was let go because the return on investment (ROI) of the stores was unacceptable. What steps should you consider to improve ROI?
Answers
The manager of a chain of jewelry stores that are located in downtown Chicago should increase sales and income or raise prices are two strategies for boosting return on investments.
The net profit (or loss) from an investment is divided by the cost of the investment to calculate the return on investment. You can compare the efficiency or profitability of different investment options since it is expressed as a percentage.
High market share results in economies of scale, market strength, and greater access to talent and management of high caliber. This can boost your ROI since high-performing managers are frequently effective in capturing sizable marketplaces.
Your return will be increased if you can raise sales and revenues while maintaining current expenses, or if you can raise costs while maintaining current net profits.
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At the end of 20 years, an initial investment of $10,000 grows to $51,551.70. Use the continuous compounding formula to determine the annual rate of return. Write your answer in decimal form rounded to three decimal places. Do NOT convert your answer to a percentage.
Answers
Answer:
6
Explanation:
The annual rate of retutn is 0.823.
What is compoud interest?
The mathematical formula for calculating compound hobby, A=P(1+r/n)^nt.Compound interest genuinely approach earning hobby in our savings, and also, in the end, at the hobby that those savings earn.continuously compounded interest way that an account stability is continuously incomes hobby, in addition to refeeding that interest lower back into the balance so that it, too, earns.
continuous compounding is similar in idea to annual compounding, besides the compounding intervals are infinitely small. even though the yearly compounding system can be without difficulty changed to accommodate smaller durations.
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Which part of the product life cycle typically includes consumer tests and a
high advertising budget?
A. Maturity stage
B. Growth stage
C. Decline stage
D. Introduction stage
Answers
Answer:
intro stage
Explanation:
Introduction stage, part of the product life cycle typically includes consumer tests and a high advertising budget. Thus, option (d) is correct.
What is advertising?The term “advertising” refers to the part of the promotion in the market. Advertising informs the consumer about the product and services available. These are the primary goals for attracting the target audience. There are the based on the marketing promotion. The advertising is the target audience.
A process of the product life cycle was the consumer tests and a high advertising budget. It was the included the introduction stage. It was the product life cycle was the planning of the product was the launched the market. It was the creating the budget.
As a result, the product life cycle was the consumer tests and a high advertising budget are the aforementioned. Therefore, option (d) is correct.
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Enter text- Apply A text Effect
Answers
Which type of people should be chosen to form the project team?
Answers
Answer:
which tipe of team...............
who is elon musk......
Answers
Answer:
Elon Musk FRS an entrepreneur and business magnate. He is the founder, CEO, and Chief Engineer at SpaceX; early stage investor, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; and co-founder of Neuralink and OpenAI. A centibillionaire, Musk is one of the richest people in the world.
When a manager must decide between several attractive options, or when there are no attractive options, he or she experiences ________ conflict.
Answers
Answer:
Operational
Explanation:
This is your answer Jamell Out!
Identify the distinctive characteristics of management consultancy Critically reflect upon the various reasons for hiring management consultants Distinguish the function list and the critical perspective on management consultancy Distinguish different forms of consultancy 5. Identify and assess the different roles of management consultancy
Answers
Reasons for hiring management consultants can vary depending on the specific needs of the organization. Some common reasons include: Objective Perspective, Specialized Knowledge and Expertise, Resource Augmentation, Change Management, etc.
Objective Perspective: Management consultants provide an unbiased and external viewpoint, helping organizations identify blind spots and overcome internal biases.
Specialized Knowledge and Expertise: Consultants bring in-depth industry knowledge and expertise in specific areas such as strategy, operations, technology, or organizational development, which may not be available internally.
Resource Augmentation: Organizations often hire consultants to supplement their existing resources, especially during times of high workload or when specific skills are required for a project.
Problem Solving and Innovation: Consultants excel at solving complex problems and developing innovative solutions, leveraging their experience and analytical capabilities.
Change Management: Consultants assist organizations in managing and implementing change initiatives, helping to mitigate resistance, and ensuring smooth transitions.
Cost-effectiveness: Hiring consultants for short-term projects can be more cost-effective than hiring full-time employees with specialized skills, especially when the organization does not require ongoing support.
Time Efficiency: Consultants bring efficiency to projects, leveraging their experience and proven methodologies to accelerate project timelines and deliver results more quickly.
It's important to note that while there are benefits to hiring management consultants, organizations should carefully evaluate their specific needs and consider the potential drawbacks, such as the cost of engagement and the need for effective collaboration and knowledge transfer.
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Increasing "Training Hours" tends to:
A. Reduce the need for additional employees (Complement) while current employees are being trained
B. Increase the need for additional employees (Complement) while current employees are in training.
C. Has no impact on the number of employees (Complement) required
D. Increases the need for "Automation" to compensate for employees away from production lines due to training.
Answers
Answer:
D
Explanation:
Which one of the four factors of copyright is MOST important?
Answers
Answer:
the purpose and character of the use i think
Explanation:
Small businesses that are just getting off the ground often have problems with the difference between cash coming into the business and cash going out of the business. For example, if the company allows far too lenient credit sales terms, customers do not pay on time, which could cause cash to come in too slowly. That's why the __________ is a key financial statement of any business.
Answers
Answer: cash flow
Explanation:
Cash flow refers to the net amount of cash and cash equivalents which is being transferred into and out of a business.
The cash flow is an important financial statement of any business. It's vital for all businesses to keep a watch on their cash flows. This is vital in knowing if the business is making a profit or loss.
Select the correct answer.
Elite Inc. has the following balances: Cash ($1,000), Equipment ($10,000), Salaries payable ($5,000), Building ($15,000), Land ($50,000), Equity ($50,000), and Loan payable ($10,000). An accountant prepares a Trial Balance, and it does not tally due to an unknown error. Which amount would the accountant record in a suspense account?
A.$12,000
B.$11,000
C.$13,000
D.$9,000
E.$10,500
Answers
Answer:
I went with c
Explanation:
Answer:
B. $11000 | Equipment
Explanation:
Equipment + Cash
PLEASE I NEED 2 PARAGRAPHS BY MONDAY!
Answers
The four Ps of Marketing is a product, price, place, and promotion. Thus, a lemonade ad should contain all four marketing strategies.
The ad for the lemonade stand will start with a bright yellow catchy brochure, intending the product, i.e, lemonade. The brochure will mention different types of lemonades one will be offering in their stand. The brochure will detail every content in great catchy fonts. Then the product brochure will have the list of prices added next to its menu of products.
Along with the brochure, there will be SNS platforms promoting the product and there will be a launch for the disclosure of the place of the lemonade stand. The promotion of the product will be included in the local daily newspaper along with the distribution of brochures and on SNS sites.
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A company acquires land for $150,000 cash. Additional costs are as follows: Removal of shed, $200 Filling and grading, $2,000 Salvage value of lumber of shed, $80 Broker commission, $5,000 Paving of parking lot, $15,500 Closing costs, $1,200. The company should record the acquisition cost of the land as
Answers
The company should record the acquisition cost of the land as: $150,000 (cash paid) + $200 (removal of shed) + $2,000 (filling and grading) + $1,200 (closing costs) = $153,400.
The acquisition cost of the land should include all costs that are directly related to its acquisition and preparation for its intended use.
In this case, the company paid $150,000 cash to acquire the land, and additional costs of $200 for the removal of the shed, $2,000 for filling and grading, and $1,200 for closing costs should be included in the acquisition cost.
However, the salvage value of the lumber of the shed and broker commission are not considered part of the land acquisition costs since they are related to the disposal of the shed and the services of a broker, respectively. The cost of paving the parking lot is considered a cost related to improving the land, but it is not part of the land acquisition cost since it is considered a separate asset.
Therefore, the company should record the acquisition cost of the land as:
$150,000 (cash paid) + $200 (removal of shed) + $2,000 (filling and grading) + $1,200 (closing costs) = $153,400.
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Help answer these two questions pleaseee
1. Across the course, you've learned about many other desktop publishing software programs besides PowerPoint. Identify at least two other technologies available for desktop publishing (the software can be presentation-based, word processing, spreadsheet software.etc.). What are some common features across PowerPoint and these other programs?
2. What are 2 differences that could be expected in how an employee would speak to other staff members in a truly flat organizational structure compared to a hierarchical structure?
Answers
Answer:
1.
At least two other technologies available for desktop publishing:
Microsoft WordMicrosoft ExcelMicrosoft PublisherCommon features across PowerPoint and the above programs:
These programs are all part of the Microsoft 365 (formerly Microsoft Office) suite of software tools. They are available for both personal and professional use. All programs use a subscription model. They are designed to be compatible across Microsoft's entire product line and allow for instant collaboration among multiple registered users.
2.
Two differences in how an employee might speak to other staff members in a flat organizational structure versus a hierarchical structure:
Less expectation of formality: speech would likely be delivered in a more casual manner and tone among many staff membersAn increase in dialogue: a reduction or elimination of middle management necessitates increased collaboration among staffthe key reasons that an organization should adopt planning and strategic management are to:
Answers
Let understand that Strategic planning is the approach used to for process of documenting and establishing the direction of the organisation goals and objectives.
Strategic planning creates an organization vision, mission and priorities etc
Let understand that "Strategic management" refers to the overall process of strategic planning to implementation and executing of other plan.
The key reason for adopting these plan are:
Gives direction and momentum: The plans gives an organization direction on how to operate.Encouragement of new ideas: The plans helps to encourage new ideas because the business new to expand.Its gives Sustainable competitive advantage.Learn more about this here
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Pleaseee help
P
L
E
A
S
E
Answers
Answer:
What should I help dude
Describe the branding strategies used by Hormel and how Justin's products fit into the Hormel product line.
Answers
The branding Strategy that was used by Hormel is known as the multi product branding.
What is branding?It should be noted that branding simply means the process of creating a strong, positive perception of a company.
In this case, the branding srategy that was used by Hormel is known as the multi product branding.
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Lenders prefer to lend to firms with high net worth because: a. such firms are usually willing to pay higher interest rates. b. the owners of such firms have more to lose if the firm defaults on a loan. c. such firms usually are unable to raise funds directly through financial markets. d. the government requires most bank loans to be made to such firms.`
Answers
Lenders prefer to lend to firms with high net worth because the owners of such firms have more to lose if the firm defaults on a loan. This provides lenders with more security and confidence in the borrower's ability to repay the loan.
Additionally, firms with high net worth are often seen as less risky and more financially stable, making them more attractive to lenders. It is not necessarily true that such firms are willing to pay higher interest rates, and it is also not true that they are unable to raise funds directly through financial markets. Finally, while the government may have certain requirements for banks, there is no mandate that most bank loans must be made to high net worth firms.
Lenders prefer to lend to firms with high net worth because b. the owners of such firms have more to lose if the firm defaults on a loan. This means that firms with high net worth are generally considered less risky, as the owners have a greater incentive to ensure the firm's success and ability to repay the loan.
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Which is a characteristic of judging approach
Answers
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
Which situation most directly illustrates a possible outcome of a fiscal
policy?
A. New environmental regulations make drinking water in a city safer.
B. The government decides it is time to print a great deal of new
money
O C. Struggling farmers receive less assistance from the government.
O D. A company decides to expand its operations into several new
states
Answers
Answer:
C
Explanation:
The correct answer would be option C that says that the struggling farmers receive less assistance from the government as fiscal policies are associated with determining the expenses and taxation policies to the various sectors to regulate the direction of the economy.
There are two types of Fiscal Policy that are Expansionary and Contractionary.
Expansionary fiscal policy:
deals with an increase in spending and/ or relaxing in taxation by the government so that consumers in the economy get more money.Contractionary policy:
deals with reducing spending and/ or increasing taxation.In this case, farmers did not get assistance from the government due to reducing the amount of Federal money available for farming and farmers is an illustration of Contractionary fiscal policy.
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Barry offers dry cleaning service for three dollars per item as opposed to Carlos who charges 350 per wash in the same locality Carlos gets together with other dry cleaners from the locality to drive barry out of business Carlos convinces him to charge only 250 for a limited period which business tort did Carlos commit?
Answers
Answer:
Carlos committed the business tort known as "Injurious Falsehood ."
Explanation:
Carlos intentionally made the false suggestion to cause damage to Barry's business, thus reducing his economic profits by $0.50 per wash and damaging his business reputation and the reputation of Barry's business as a whole. Carlos' aim is twofold: to reduce Barry's economic profits and to present Barry's business as performing below acceptable quality or using inferior materials for dry cleaning services. Therefore, Barry can prove that an injurious falsehood occurred by showing that Carlos employed malice to convince him to reduce his charges to $2.50 per wash for a limited period, and Carlos was fully aware that his suggestion was false when he made it.
Answer: unfair competition
Explanation: it’s correct
A style of leadership where leaders consult with followers who are allowed to participate in decision making is __________.
A) chaotic
B) laissez-faire
C) participatory
D) democratic
Answers
Explanation:
Participative leadership is a democratic leadership style that consists of involving others into decision making. ... Participative leaders are those who consult their team members before taking any decision, or take the decision first and consult their team members second to see if it is acceptable to them.
Answer:
Explanation:c
Help find Robert! South Carolina people help me find Robert! thank you!
Answers
Answer:
Why do you keep on putting this out?
Explanation:
A firm's demand for labor is known as a derived demand because the firm gains utility from hiring more labor the firm gains utility from hiring more labor A the wage rate paid to workers depends on the demand for labor the wage rate paid to workers depends on the demand for labor B the amount of labor demanded depends on the amount of capital invested the amount of labor demanded depends on the amount of capital invested C the amount of labor demanded depends on the demand for the firm's product the amount of labor demanded depends on the demand for the firm's product D the firm will benefit from hiring additional labor
Answers
Answer:
The correct answer is the option C: The amount of labor demanded depends on the demand for the firm's product.
Explanation:
To begin with, in the microeconomics theory we can find the answer to the question base upon the fact that the "derived demand" of labor is known like that because it will always depend on the amount of output that the company sells. Therefore that the amount of labor hired is derived from the amount of product sold. Understanding that if the company sells more of its product then it will hire more workers in order to increase the offer, according to basic supply laws. And that is why that obviously the demand ends up being dependent from the demand of the product itself.