Shay settled on a price of $8,950 for a new car. the dealer had to add 5% sales tax to this price, but allowed a $1,000 trade-in for shays old car. although not a universal practice, add the sales tax to the price of the new car first and then deduct the trade- in value. if the dealer required a 22% down payment, calculate the amount of the purchase price that shay financed.

R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u.s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.