What is the total purchase price of ring

Assignment Help Financial Management

Reference no: EM131082854

Lois Clark bought a ring for $5,200. She must still pay a 6% sales tax and a 10% excise tax. The jeweler is shipping the ring, so Lois must also pay a $30 shipping charge. What is the total purchase price of Lois’s ring?

Reference no: EM131082854

Questions Cloud

Report on the organisation communication strategies : HC1021 - Interpersonal and E-Communication - Group Assignment Guidelines. In groups of 4 students must: Select an international business or company and write a formal business report on the organisation's "Communication and E-Communication" strateg..

Debt–equity ratio-what is the initial cost of the plant : Trower Corp. has a debt–equity ratio of .80. The company is considering a new plant that will cost $103 million to build. When the company issues new equity, it incurs a flotation cost of 7.3 percent. The flotation cost on new debt is 2.8 percent. Wh..

Exceed the standard deduction for single taxpayer : Matt paid mortgage interest of $4,010 during his first year of owning a condominium. His property taxes were $598, and his homeowner's insurance was $401. If matt is in a 15% marginal tax rate bracket, what were his tax savings for his first year? (H..

Large communications firm-current price holds : Sam Lawson is a vice president at a large communications firm. His compensation includes a salary of $400,000, a bonus of $200,000, and a stock option package that allows him to purchase 30,000 shares of the company's stock at $45 per share. If the c..

What is the total purchase price of ring : Lois Clark bought a ring for $5,200. She must still pay a 6% sales tax and a 10% excise tax. The jeweler is shipping the ring, so Lois must also pay a $30 shipping charge. What is the total purchase price of Lois’s ring?

What was the cost of the lawn mower before the tax : Massachusetts has a 5% sales tax. Timothy bought a Toro lawn mower and paid $10 sales tax. What was the cost of the lawn mower before the tax?

Retailers balk at the high price of the athletic equipment : Your Company sells athletic Uniforms and other sports equipment to retailers in France. Your company of course wants to be paid in US Dollars. Meanwhile the dollar is getting stronger against the Euro every day. The French retailers balk at the high ..

What dollar cost averaging : Explain fully, with examples, what dollar cost averaging is. What will happen (1) if the price of an investment trends down overtime; (2) trends up; (3) trends down then up; and (4) in real life? Use excel to model and graph the result.

What is her monthly payment by add-on method : For the best terms on a loan or credit card, you need a credit score above 700. To achieve this, start establishing credit now. Pay all of your bills on time. In addition, use only one-third of your available credit limit and pay off your revolving b..

User Account

All Pages