1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
katrin2010 [14]
2 years ago
15

Francis works for a local fly-fishing shop. The shop allows employees to purchase two fly rods per year at a discount. This year

, Francis purchased one rod. The rod normally retails for $300, was purchased for $225, was sold to Francis for $250, and the employer's average gross profit percentage is 30 percent. What amount of the discount must be included in Francis's income
Business
1 answer:
RUDIKE [14]2 years ago
6 0

The amount of discount that has to be included in Francis's income is 0.

<h3>How to solve for the discount amount</h3>

The amount of the discount - sales price

= 300 - 250

= $50

This is the discount when it is sold to employees

Next we solve for the gross profit as

sales price x gross profit rate

= 300 x 30%

= 90

Given the amounts that we have here we have to conclude that the amount to be included in the account is 0

Read more on what a discount is here:

brainly.com/question/9841818

#SPJ1

You might be interested in
You decide to change careers and have assessed your values, interests, and skills. What should you do next?
Tresset [83]

Answer:

Make a list of potential jobs and research them

Explanation:

7 0
3 years ago
The practice of setting the selling price below cost with the intent to drive competitors out of business is: 28) A) target pric
Dmitrij [34]

Answer:

The correct answer is letter "B": predatory pricing.

Explanation:

Predatory pricing refers to companies setting prices below the average level in an attempt to wipe out competition. In the beginning, consumers may benefit from the low prices but after the competition has disappeared, the predatory company raises the prices, but, in this scenario, consumers do not have substitutes from where to choose. The predatory company became a monopoly.

Predatory pricing practices are forbidden by the Federal Trade Commission (FTC) in the U.S.

5 0
3 years ago
Two costs at Bradshaw Company appear below for specific months of operation. Month Amount Units Produced Delivery costs Septembe
arsen [322]

Answer:

(a) Delivery costs are mixed and utilities are variable.

Explanation:

Mixed costs are costs that are fixed and variable, for example, delivery costs are mixed because of the fixed cost of having the delivery equipment, like trucks and cars, and the variable is the amount of gas that you pay for it, then utilities are variable because the problem doesn´t specify that they are not.

8 0
3 years ago
What is the definition of abuse
shusha [124]

Answer:

The improper usage or treatment of a thing, often to unfairly or improperly gain benefit. Abuse can come in many forms, such as physical or verbal maltreatment, injury, assault, violation, unjust practices, crimes, or other types of aggression.

Explanation:

8 0
3 years ago
Most goods can be classified as normal goods rather than inferior goods. The definition of a normal good means that:
ra1l [238]

Answer:

A normal good is a good whose demand increases when income increases

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

Inferior goods are goods whose demand falls when income rises and increases when income falls.

For example, if when your income was $100,000 per annum, you had one car but when it increased to $500,000, you bought two more cars. Car is a normal good

6 0
3 years ago
Other questions:
  • What are the indirect and direct competitors of nike
    12·2 answers
  • A microeconomist — as opposed to a macroeconomist — might study
    12·1 answer
  • David, an Alabama resident, files a suit in an Alabama court against QuickAds, an Internet company based in Georgia that provide
    12·1 answer
  • ABC Company had addition to retained earnings for the current fiscal year just ended of $395,000. The firm paid out $195,000 in
    6·1 answer
  • Thomas Partner purchased shares of Bad Wolf Industries on the open January 2 at $116.26 per share. He earned a dividend of $0.41
    12·1 answer
  • A call provision in a bond...A. Limits the actions of the borrower.B. Protects the borrower from unscrupulous practices by the l
    13·1 answer
  • Which of the following are true?
    14·1 answer
  • Identify the accoun title.
    7·1 answer
  • What is the balance between supply and demand called ?
    6·2 answers
  • lack of property rights diminish economic growth. diminish economic growth. increases productivity. increases productivity. enco
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!