Question: (please type the answer out, reading on paper is sometimes hard to see) Pam Alnwick used to live in a province where the Harmonized Sales

 (please type the answer out, reading on paper is sometimes hard
(please type the answer out, reading on paper is sometimes hard to see)
Pam Alnwick used to live in a province where the Harmonized Sales Tax, HST, was 15%. She recently moved to a state in the US where sales tax is 6.5%. When shopping, the task of comparing America prices with Canadian prices was further complicated by the fact that, at the time of her move, the Canadian dollar was worth 0.75US$. After thinking about it, she calculated a number K so that a pre-tax shelf price of A US$ could be sensibly compared with a pre-tax shelf price of C CDN$, so as to take into account the different sales tax rates. Her K had the property that if AK=C, then the after-tax costs in Canadian dollars were the same, while if AK is less (greater) than C, then, after taxes, the American (Canadian) price is cheaper. Find Pam's multiplier K.
Pam's multiplier K is:
i typed out the question below

0.6.59 Question Help Pam Anwick used to live in a pronon won the Harmonized Sales Tax, HST. was 15% She recently moved to a state in the US where sales taxis 65% When shopping, the task of comparing Amecan prices with Canadian prices was further complicated by the fact that at the time of her move the Canadian dollar was worth ?SUSAther thinking about it she came aurberk so that prea se price of a USS could be by compared with a great shall price of C CONSto as to take into account the different sales tax rates Her had the property that it then the after tax cols in Canadian dollars were the same while Akis (greler than then, after taxes, the American (Canadian prins cheaper. Find Paris multiple Par mume (Typean new or decimal rounded to four decimal places in treed) 0.6.59 Question Help Pam Anwick used to live in a pronon won the Harmonized Sales Tax, HST. was 15% She recently moved to a state in the US where sales taxis 65% When shopping, the task of comparing Amecan prices with Canadian prices was further complicated by the fact that at the time of her move the Canadian dollar was worth ?SUSAther thinking about it she came aurberk so that prea se price of a USS could be by compared with a great shall price of C CONSto as to take into account the different sales tax rates Her had the property that it then the after tax cols in Canadian dollars were the same while Akis (greler than then, after taxes, the American (Canadian prins cheaper. Find Paris multiple Par mume (Typean new or decimal rounded to four decimal places in treed)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!