The following are the transactions of spotlighter, inc., for the month of january 2013:
(a) borrowed $3,940 from a local bank on a note due in six months.
(b) received $4,630 cash from investors and issued stock to them.
(c) purchased $1000 in equipment, paying $200 cash and promising the rest on a note due in one year.
(d) paid $300 cash for supplies.
(e) bought and received $700 of supplies on account.
post the effects to the appropriate t-accounts and determine ending account balances.

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"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

answerindustrial revolution;

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.