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
kirill [66]
1 year ago
10

A firm charges $25 for a product. If the markup is 25 percent, then the fully allocated average cost of the product is?

Business
1 answer:
Evgen [1.6K]1 year ago
5 0

A firm charges $25 for a product. If the markup is 25 percent, then the fully allocated average cost of the product is $20.

The term "markup" describes the discrepancy between an item's cost and its selling price. In other words, the vendor makes money by charging a premium over the overall cost of the commodity or service.

A business should realise the importance of markup. For instance, developing a sound pricing strategy is one of the most crucial resources a successful company can have. A product or service's markup needs to be high enough to cover all costs and turn a profit.

                     Retail price = $25

                           Markup =25% =0.25

                     Retail price = Average cost of product * (1+Markup)

                                   25 = Average cost of product *1.25

Average cost of product =25/1.25

Average cost of product = $20

Learn more about costs here brainly.com/question/14945040

#SPJ4

You might be interested in
In its first month of operations, Sunland Company made three purchases of merchandise in the following sequence: (1) 200 units a
egoroff_w [7]

Answer:

$7.91

Explanation:

The weighted-average unit cost uses the weighted concept to determine the costs of goods sold or inventory costs. Its formula is a is below

weighted -average costs =  <u>costs of goods available for  sale</u>

      units available for sale

For Sunland company,

Total costs of goods available =(200 x $7) +(540 x $8) + (125 x$9)

=1400 + 4320+1125= 6845

Total units available for sale= $200 + $540 +$125 =$865

WAC = 8645/865

=$7.91

8 0
3 years ago
Harriet and Harry Combs (both 37 years old) are married and both want to contribute to a Roth IRA. In 2019, their AGI before any
tamaranim1 [39]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
In order for "limit pricing" to be effective, the firm practicing such a strategy must be able to charge a price that is:_______
pentagon [3]

In order for "limit pricing" to be effective, the firm practising such a strategy must be able to charge a price that is lower than the potential entrant's ATC but greater than the firm's own ATC.

Explanation:

A pricing strategy is a level where products are sold by a supplier at an expense that is cheap enough to make the market unprofitable for others. Monopolies use it in order to discourage market entry and in many cases it is illegal.

It is not able to sustain a monopolistic-ally profitable firm where P = MC and growth, with a long-run balance, generates an efficiency that approaches the minimum possible in an ATC business. Profit so long as potential customers can not enter the market.

5 0
3 years ago
define the procedures that different computers follow when they transmit and receive data.A) ConsolesB) PortsXC) ProtocolsD) Hos
Otrada [13]

Answer:

C. Protocols

Explanation:

Protocols -

It consists of the set of rules which enables communication between two or more system where the data and information can be transferred is referred to as protocol .

Protocol have some defined syntax and rules .

Protocol can be implemented on both software as well as software.

Hence , from the given statement of the question,

The correct term is protocol .

3 0
3 years ago
Maria's New Year's Resolution is to save
dangina [55]
C. Intentional

Hope this helps!
4 0
1 year ago
Read 2 more answers
Other questions:
  • ​Ronny's Pizza House operates in the perfectly competitive local pizza market. If the price of pizza cheese​ increases, ceteris
    12·1 answer
  • Which eu country has recently established formal border controls along one of its borders?
    8·1 answer
  • What happens to price in normal backwardation?
    11·1 answer
  • How can competition in a scarce labor market affect wages?
    10·1 answer
  • Healthy​ Living, a diet​ magazine, collected $ 240,000 in subscription revenue on June 30. Each subscriber will receive an issue
    14·1 answer
  • Crane Company had these transactions during the current period. June 12 Issued 87,000 shares of $1 par value common stock for ca
    13·1 answer
  • Irving Corporation makes a product with the following standards for direct labor and variable overhead: Standard Quantity or Hou
    8·1 answer
  • The 2018 balance sheet of Speith’s Golf Shop, Inc., showed long-term debt of $5 million, and the 2019 balance sheet showed long-
    9·1 answer
  • A recent national survey found that high school students watched an average (mean) of 6.8 DVDs per month with a population stand
    10·1 answer
  • Ked what would you do if one of the customers began making off-color jokes that other customers in the bar could hear? rosario m
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!