Total bill before tax-sale prices for a pair of shorts

Assignment Help Finance Basics
Reference no: EM132674582

On a vacation at the beach last summer, Kai, Kari, and Kira went shopping at "Beachcombers". They were having a sale on Hawaiian shirts and shorts. Kai bought 3 pairs of shorts and 2 shirts. Kari bought 1 pair of shorts and 4 shirts. Kira bought 2 pair of shorts and 5 shirts. The total cost, after 5% sale tax, was $214.83. Kai paid for it on his credit card. Kari and Kira each wrote him a check for their purchases (but they did not include the tax). Kai spent $0.69 more than Kira, and Kira spent $23.25 more than Kari.

a) What was the total bill before tax?

b) What was the sale prices for a pair of shorts?

c) What was the slae price for a Hawaiian shirt?

d) How much was the check Kira made out to Kai?

e) How much was the check Kari made out to Kai?

f) After being paid by his sisters, what did the shopping trip actually cost Kai (remember he paid all the taxes)?

Reference no: EM132674582

Questions Cloud

Find current spot rate and relative inflation rates : Alicia Strong is a foreign exchange dealer for a bank in Australia. She wishes to consider whether International Parity Condition (IPC) holds between the Britis
Calculate the largest deduction Randi can take : Assume Randi earns income of $3,400 for the year before deducting any home office or supplies deduction. Calculate the largest deduction Randi can take
How humans will meet their energy needs in the future : How humans will meet their energy needs in the future in a way that will enable maintenance of a sustainable, habitable atmosphere and climate.
Create a new tab titled personnel expenses : Create a new tab titled Personnel Expenses. Use this tab to show your detailed calculations. This unit, you will calculate FTEs, salary and benefit expenses
Total bill before tax-sale prices for a pair of shorts : On a vacation at the beach last summer, Kai, Kari, and Kira went shopping at "Beachcombers". They were having a sale on Hawaiian shirts and shorts
How should Carrie treat the bad loan for tax purposes : Problem - Carrie loaned her friend $4,500 to buy a used car. How should Carrie treat the bad loan for tax purposes
What is the flat price of the bond on the settlement date : What is the flat (or clean) price of the bond (in percent of par) on the settlement date? Use Excel's PRICE() function. Dates must be entered with Excel's DATE(
Can she claim a bad debt deduction : Sharon reports income on her tax return on cash basis, so she only reports the income she actually receives in cash each year. Can she claim bad debt deduction
Gold standard vs bretton woods : Countries around the world historically used the Gold standardBretton Woods Systemclean floatdirty float (1890-1914), which, however, was changed to

Reviews

Write a Review

Finance Basics Questions & Answers

  Explain differences among working capital and current ratio

Current liabilities affect a company's liquidity. What is liquidity, and how do we evaluate it?

  Explain financial account captures international fund flows

This question is from financial basics and it is explain The Financial Account captures international fund.

  Anxiety for an exam and the number of hours

A study wants to examine the relationship between student anxiety for an exam and the number of hours studied

  Prepare the financial statements.

Building Blocks of Accounting - A Financial Perspective. Prepare the Financial Statements. After you have entered all of the transactions and prepared the Worksheet, you are to prepare the Income Statement, Shareholder's Equity Statement and Balanc..

  Calculate the fair present value of the the given bonds

Calculate the fair present value of the following bonds, all of which have a 10 percent coupon rate (paid semiannually), face value of $1,000, and a required rate of return of 8 percent.

  Cover the cost of child college education

What annual rate of interest must you earn on your investment to cover the cost of your child's college education?

  What is the all-in cost

Having discussed with Bank of America (BOA), you find out that a 0.45% acceptance fee is charged on that banker's acceptance which can be sold at a discount.

  A senior financial analyst with ace gadgets ag is

a senior financial analyst with ace gadgets ag is attempting to get a better grasp on sales forecasting for agrsquos

  Which set of pro formas shows the firm to be more profitable

Depreciation Methods, Profitability, and Valuation (Hard) A start-up firm embarks on an investment program in 2009 to manufacture and market a new switching.

  What total face value amount of bonds must you? issue

If the yield to maturity on the bonds will be 6% ?(annual compounded APR?), what total face value amount of bonds must you? issue?

  What are telling broker

You have placed a stop-loss order to sell at $20. What are you telling your broker? Given market prices, will your order be executed? Explain.

  Evaluating an investment project to create a new game

A company specializing in computer games is evaluating an investment project to create a new game. The project requires collaboration of two teams.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd