10. Casey purchases a $2800 engagement ring. It has a 7% sales tax and a 10% excise tax. Casey does have a discount code of $100. What is the final cost of the ring?

QUESTION: This class has 60 students. Each student is going to order a Tesla Model Y (Please do not actually order a car, this is just a hypothetical question). For simplicity, we will assume the following: . The price of each car is $60,000 (before sales tax) The deposit required while ordering is $10,000. • Sales tax are 6.00% (assessed when the car is delivered) Final payment is due when car is delivered. . . The following is a summary of the transactions that occurred: •April 7-all 60 students made their orders and paid the $10,000 required deposit. April 14-40 cars are delivered and the students pay the remaining balance. April 21- the remaining 20 cars are delivered. The students only pay the sales tax. Tesla finances the remaining balance for each student with a 180-day 5.00% short-term note payable. • October 18-all 20 students pay the note payable to Tesla and the accrued interest. . . REQUIRED: Record proper journal entries for TESLA for the above four transactions. Journal…

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The bike you have been saving for is discounted 20%. You have $400 saved to purchase it. The retail price of the bike is $450. There is a 5.25% sales tax added to the price of the bike. What is the final price of the bike including all discounts and sales tax? Do you have enough money saved to purchase it?

You are in a car accident and your car is totaled. You find a new-to-you vehicle for $18,395 that you would like to buy.   A) If the sales tax is 6.5% of the purchase price, what is the amount of the sales tax?       B) With the sales tax, how much is the vehicle cost altogether?       C) If the car license fee is 1.2% of the purchase price, find the amount of the license fee.       D) If you were to make a down payment of $2500, find the amount of the loan that you would need.       E) Assuming you get a loan for 4 years at an interest rate of 7.5% what amount would you need to borrow with the sales tax and license fee included?       F) Taking the answer from E) what would your monthly payments be?