A cash customer purchased $3,000 of merchandise on which sales tax of 7% was charged. The customer subsequently returned $500 of the merchandise for a refund. The amount of the cash refund is_______________.

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• A bicycle tire company performed a web-based study of a popular tire retail price over time. The study indicated that price is set at $16.00 per tire, it was expected to increase to $19.00 over the next 5 years a. Determine the annual rate of inflation over 5 years to increase the price from $16.00 to $19.00. b. Determine the market interest rate that must be used in economic equivalence computations if inflation is considered and an 8% per year real interest rate is expected by this company.
• Open-end mutual funds are the most common type of investment company. Which of the following statements characterize these funds? Check all that apply. A. Make automatic reinvestment easy. B. Allow shareholders to convert shares from one fund to another within the same fund family. C. Always publicly traded on exchanges. D. Good choices only if you have lots of capital to invest. E. Convenient to own but difficult to set up.
• Lerner's net income for 2016 was $104,000. The company had 32,000 shares of common stock outstanding at the beginning of the year and 48,000 at the end of the year, as well as 5,000 shares of preferred stock outstanding throughout the year. In 2016, Lerner declared and paid $30,000 in preferred dividends. On December 31, 2016, the market price of Lerner's common stock was $30 per share, while the preferred stock's market price was $57 per share. To calculate the price/earnings ratio, we must first determine the earnings per share (EPS) for common stock by adjusting the net income to exclude preferred dividends: Net Income - Preferred Dividends = Earnings Available for Common Stockholders $104,000 - $30,000 = $74,000 We continue by calculating the weighted average number of common shares outstanding. With 32,000 shares at the start and 48,000 at the end, the average is: (32,000 shares + 48,000 shares) / 2 = 40,000 average shares Now we calculate the EPS: EPS = Earnings Available for Common Stockholders / Weighted Average Shares Outstanding EPS = $74,000 / 40,000 shares EPS = $1.85 Finally, we find the price/earnings (P/E) ratio: P/E Ratio = Market Price per Share / Earnings per Share P/E Ratio = $30 / $1.85 P/E Ratio = 16.22 (rounded to two decimal places)
• To ensure respect and mutual cooperation among all parties and leverage such cooperation to achieve operational goals, combatant commanders should use _____.
• The population of a city is 310​,000 and is increasing at a rate of 4.5​% each year. Approximately when will the population reach 620​,000? ​ (Use a compound growth​ model.)
• To calculate the cash balance at the end of Alpaca Corporation's first year, we need to consider cash inflows and outflows. Cash Inflows: 1. Revenue collected: $300,000 - $19,900 (uncollected sales) = $280,100 2. Owners' investment: $30,000 Cash Outflows: 1. Purchase of merchandise: $85,000 (note that the company still owes $26,500, so they would have paid $58,500) 2. Salaries paid: $15,000 3. Interest paid: $3,300 4. Payment for insurance policy: $7,800 5. Loan taken (not an outflow, so not subtracted) 6. Income tax: 9% of revenue (not provided, but not subtracted from cash balance unless stated as 'paid') Now, let's compute: Cash balance = Cash Inflows - Cash Outflows Cash balance = ($280,100 + $30,000) - ($58,500 + $15,000 + $3,300 + $7,800) Cash balance = ($310,100) - ($84,600) Cash balance = $225,500 There is not enough information to calculate the exact tax paid, so we'll assume the 9% income tax rate is on profit, which we have not been instructed to calculate or include in the cash balance. We also do not include the $30,000 borrowed, as it is a loan and does not affect the initial cash balance unless explicitly stated it was used for operating costs. Since none of the calculated results match your provided options (A) $231,548, (B) $263,300, (C) $238,499, or (D) $248,900, it's possible that additional information is needed to factor into the calculation, such as the amount of taxes paid if they're considered part of the initial year's cash outflows. Please check the details or provide additional information to accurately compute the ending cash balance according to the options given.
• Jennifer Baskiter is president and CEO of Plants&More, an Internet company that sells plants and flowers. The success of her startup Internet company has motivated her to expand and create two divisions. One division focuses on sales to the general public and the other focuses on business-to-business sales to hotels, restaurants and other firms that want plants and flowers for their businesses. She is considering using a return on investment as a means of evaluating her divisions and their managers. She has hired you as a compensation consultant. What issues or concerns would you raise regarding the use of ROI for evaluating the divisions and their managers?
• If the government imposes a price ceiling, then: the price offered by producers must be at or below the ceiling price. the market supply curve will shift to the right. the price offered by producers must be at or above the ceiling price. producers would be inclined to increase the quantity supplied. producers must charge the ceiling price.
• Jones borrowed $960 from the bank, issuing a 12.5%, 4-month promissory note. Assuming that the note is issued and paid in the same accounting period, Jones’ entry on the date of payment will include an A. Debit to Notes Payable for $960. B. Debit to Interest Payable for $40. C. Credit to Cash for $960. D. Debit to Interest Receivable for $40
• Paolucci Corporation's relevant range of activity is 8,400 units to 17,000 units. When it produces and sells 12,700 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7.10 Direct labor $ 4.00 Variable manufacturing overhead $ 2.00 Fixed manufacturing overhead $ 3.60 Fixed selling expense $ 1.30 Fixed administrative expense $ 0.60 Sales commissions $ 1.25 Variable administrative expense $ 0.50 If 11,700 units are sold, the variable cost per unit sold is closest to: