Chapter 2a homeworkNamePrint out and complete this homework assignment. Pay special attention to rounding correctly. Awork must be shown to receive full credit; use a separate sheet if necessary. If you are an onlinestudent, scan your work and upload.1.A local coffee shop reported that its sales have increased exactly 16% per year for the last 2years. This year's sales were $81,612. What were the coffee shop's sales 2 years ago? Hint:Calculate only one years' sales at a time, (Round each year's sales to the nearest dollar.)Sales 2 years ago2. Richard Dawks, a lawyer, charges Gunderson's Hardware, his client, 25% of what he can collefor Gunderson from customers whose accounts are past due. The attorney also charges, inaddition to the 25%, a flat fee of $50 per customer. This month, Richard collected $8,800 fromfour of Gunderson's past-due customers, What is the total fee due to Richard?Total fee due Richard3. Abby bought four Dunlop tires at a local Goodyear store. The salesperson told her that her mileawould increase by 8%. Before this purchase, Abby was getting 28 mpg. What should her mileabe with the new tires? (Round to the nearest hundredth.)Mileagempg4. If the number of mortgage applications declined by 8% to 1,529,731. What had been theprevious year's number of applications? (Round your answer to the nearest whole number.)Number of applicationsYou have just completed your first year in business. Your records show that you spent thefollowing in advertising:5.Internet $580Radio $640Yellow Pages $750Local flyers$430hat percent of your advertising was spent on the Yellow Pages? (Round to the nearest hundredthercent.)Advertising percent6 At a local coffee shop, a survey showed that out of 1,040 customers eating lunch, 208 ordered cwith their meal. What percent of customers did not order coffee?ercent of customers

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and upload. A local coffee shop reported that its sales have increased exactly 16% per year for the last 2 years. This year's sales were $81,612. What were the coffee shop's sales 2 years ago? Hint: Calculate only one years' sales at a time. (Round each year's sales to the nearest dollar.) 1. Sales 2 years ago

and upload. A local coffee shop reported that its sales have increased exactly 16% per year for the last 2 years. This year's sales were $81,612. What were the coffee shop's sales 2 years ago? Hint: Calculate only one years' sales at a time. (Round each year's sales to the nearest dollar.) 1. Sales 2 years ago

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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