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Nata [24]
3 years ago
7

The wholesale cost box of 25 pieces of chocolate is 50 AEDYou decide to sel each bar of chocolate with a 20% profit plus 5% VAT

tax Based on this information alone, how much will the cost of a single bar be? (2 Marks)
Business
1 answer:
Gwar [14]3 years ago
5 0

Answer:

Cost of a single bar = 2.52 AED (2.4 AED + 0.12 AED)

Explanation:

Cost of a box of 25 pieces of chocolate = 50 AED

Cost per bar for seller = 50 AED/25 = 2 AED

Selling price = 2.4 AED (2 AED * 1.2)

Plus 5% VAT = 0.12 AED (2.4 AED * 5%)

Cost of a single bar = 2.52 AED (2.4 AED + 0.12 AED)

b) The cost price to the seller is the cost of a box divided by the pieces or bars in the box, = 50 AED / 25 =  2AED

c) The cost price to the buyer is the selling price plus 5% VAT.  This cost includes the seller's cost, profit, and VAT.

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At the year-end, Encore Company has a product for inventory that was purchased at a cost of $23. The product's expected selling
allsm [11]

Answer:

$21

Explanation:

As we know that

The inventory should be recorded in the books of accounts by applying the lower value of cost or net realizable value

In the given case

The cost is $23

And, the net realizable value is

= Expected selling price - selling cost

= $36 - $15

= $21

So by comparing the cost and net realizable value, the net realizable value contains the lower value i.e $21 and the same is recorded on the balance sheet for inventory

6 0
3 years ago
Windspire is starting a firm in the small-scale wind-generated power industry. This industry is still so new that no standard op
liq [111]

Answer:

Emerging

Explanation:

An emerging industry is a group of companies that is created around a new product or idea that is still in the early stages of development. An emerging industry consists of just a small number companies and is often centered around new technology. A example is the small wind generated power industry because wind is not a common source that is used for the generation of power.

4 0
3 years ago
What is the formula to work out profit
Nitella [24]

The main feature of this lesson is the equation P(x) = R(x) - C(x). Other important equations to remember are as follows: The breakeven point is when revenue equals cost, or when the profit is zero. Maximum profit will occur when marginal revenue equals marginal cost, or when the marginal profit is zero.

7 0
3 years ago
Sarah’s marketing team was beginning the process of developing a new product to expand their current product line and/or mix. At
vlada-n [284]

Answer: New-product strategy

Explanation:

Based on the information given in the question, Sarah and her team were at the new product strategy stage of the new product development process.

This is a strategy that is used to develop a new product. The strategy helps to answer questions such as who will benefit from the products, the goals of the company and other necessary details.

5 0
3 years ago
The diameter of bearingsis known to have a mean of 35 mm with a standard deviation of 0.5 mm. A random sample of 36 bearings is
timama [110]

Answer:

Explanation:

given,

Mean,μ= 35mm  

Standard Deviation,σ = 0.5mm  

Sample size, n = 36  

Sample Standard deviation =\dfrac{\sigma}{\sqrt{n}}

                                             = \dfrac{0.5}{6}

                                             = 0.0833

The interested diameter is between 34.95 to 35.18 mm  

Calculating the Z score of the for the diameter mentioned.

P(\dfrac{x_1-\mu}{\sigma})

P(\dfrac{34.95-35}{0.0833})

-0.6< Z < 2.16

now, Form Z-table

P(Z

P(Z

Subtracting the value

      = 0.9846 - 0.2741

      = 0.71

Hence, the required probability is that the diameter of bearing is in between  34.95 and 35.18 mm is equal to 0.71.

6 0
3 years ago
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