Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 08, 2024

If the inflation rate is 1 2 5 % per year and sales tax is 1 2 % , a small cabinet marked up 5

If the inflation rate is

125 %

per year and sales tax is

12 %,

a small cabinet marked up

56 1 / 4 %

would cost $

1349.46

in two years from now at a

48 4 / 5 %

off sale. What is the sale price today without tax, discount or markup?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

American Public School Finance

Authors: William Owings, Leslie Kaplan

2nd Edition

1111838046, 978-1111838041

More Books

Students also viewed these Finance questions

Question

★★★★★

What are the six "criteria" pollutants in the original Clean Air Act? Why were they chosen? What are some additional hazardous air toxins have been added to the list regulated by the Clean Air Act?

Answered: 1 week ago

Question

★★★★★

1.12. Compute the aperture size for an X-band antenna at fo = 9GHz. Assume antenna gain G = 10, 20, 30 dB.

Answered: 1 week ago

Question

★★★★★

=+d) How many tourists would you predict for Hawaii in April 2007 (month 63 of this series)?

Answered: 1 week ago

Question

★★★★★

Barry Swifter is 60 years of age and considering retirement. Barrys retirement portfolio currently is valued at $750,000 and is allocated in Treasury bills, an S&P 500 index fund, and an...

Answered: 1 week ago

Question

★★★★★

I need to calculate the process Pearl E. White Orthodontist specializes in correcting misaligned teeth. During 2024, Pearl provides services on account of $579,000. Of this amount, $69,000 remains...

Answered: 1 week ago

Question

★★★★★

so far in the field of early childhood, answering the question: what have I learned that will help you to promote positive outcomes for each child? You should include in your answer child development...

Answered: 1 week ago

Question

★★★★★

(b) A Refrigerant-134a (R-134a) with a rate of 0.1 kg/s enters a condenser of a heat pump at 700 kPa and 40C. R-134a leaves the condenser as a saturated liquid with a constant pressure. The rate of...

Answered: 1 week ago

Question

★★★★★

1. (no R needed) Consider the following causal seasonal model xt = xt-4+ Wt Owt-1 where and are nonzero and the variance of the Gaussian white noise terms is 2. (a) Identify the values of p, d, q, P,...

Answered: 1 week ago

Question

★★★★★

Q2) a) From the phase diagram given below; determine the composition, temperature and the type of the transformation for the three phase reactions. b) Schematically show the microstructures that will...

Answered: 1 week ago

Question

★★★★★

In a study of risk factors for cardiovascular disease, researchers measured the serum cholesterol levels of independent samples of women and men, all between the ages of 55 and 64. The following...

Answered: 1 week ago

Question

★★★★★

1. Nonlinear Optimization (45 points) For the following problem min x + x2 a) Set up the KKT conditions s. t. x1 + x2 1.5 x12-2x20 b) Solve the problem by checking the four options a. Both...

Answered: 1 week ago

Question

★★★★★

Are you surprised that Daimler could implement a team-based production system like this in places where the cultures are as disparate as Alabama, Germany, and Brazil? Why? What inter-country cultural...

Answered: 1 week ago

Question

★★★★★

Explain how Valero might use the Towers Watson workforce planning process.

Answered: 1 week ago

Question

★★★★★

Based on your experience, what would the workflow look like for the process a dry-cleaning store uses to accept and chronicle a new order of clothes from a customer? How might this process be...

Answered: 1 week ago

Previous Question Next Question