3. Mrs. DK, a resident of Pennsylvania, traveled to Delaware to purchase an oil painting from a local artist. The cost of the painting was $9,400. If Pennsylvania has a 7 percent sale and use tax, while Delaware has no sales and use tax: a) How much Pennsylvania use tax does Mrs. DK owe on the purchase she made in Delaware? b) How much Pennsylvania use tax would Mrs. DK owe if she purchased the painting from a gallery in New York City and paid New York’s 8.75 percent tax on the transaction? c) How much Pennsylvania use tax would Mrs. DK owe if she purchased the painting from a dealer in Richmond and paid Virginia’s 5 percent tax on the transaction?

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

The following information relates to the pina company. date ending inventory price (end-of-year prices) index december 31, 2013 $73,700 100 december 31, 2014 100,092 114 december 31, 2015 107,856 126 december 31, 2016 123,009 131 december 31, 2017 113,288 136 use the dollar-value lifo method to compute the ending inventory for pina company for 2013 through 2017.

Which three of the following expenses can student aid recover? -tuition -television -school supplies -parties and socializing -boarding/housing