The purchase price of a new van was $22,980. The sales tax rate in the state was 5.5%, and registration fees came to $133. There was also a $1,500 manufacturer's rebate on the van. If the customer put a down payment of $2,200 toward the purchase, what was the delivered price? What was the balance due on the purchase?
$22,876.90, $20,676.90
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The price-earnings ratio is calculated by dividing:
A. Dividends per share by earnings per share. B. Market value per share by earnings per share. C. Market value per share by dividends per share. D. Dividends per share by market value per share. E. Earnings per share by market value per share.
Simplification of the accounting system by eliminating accumulation and transfer of costs as products move through production is called ________ accounting
a. backflush b. process c. cost d. product
Since petty cash is concerned with such small amounts of cash, it is not necessary to document all transactions with a petty cash receipt.
Answer the following statement true (T) or false (F)
Level III ADR commitment applies to:
A) firms that want to list existing shares on the NYSE. B) banks issuing foreign mutual funds. C) ADR issues of under $25,000. D) the sale of a new equity issued in the United States.