Answer:
$50
Explanation:
Net income will be the difference between the selling price and the Cost price.
Cost price is $1000
net profit margin is 5%, selling price will be
=$1000 + profit margin
= $1000 + (5/100 x 1000)
=$1000 + $50
=$1050
Net income = $1050 -$50
=$50
Answer:
TVM=34,720*0.075/12 : [1-(1+0.075/12)^-48]
TVM=839.49
Explanation:
An=34,720
t=4 yrs , ---> n=48 (4*12)
j=7.5 %.---> i=0.075/12
m=12
* i=j/m
*n=mt
TVM=An*i : [1-(1+i)^-n]
TVM=34,720*0.075/12 : [1-(1+0.075/12)^-48]
TVM =839.49 (round two decimal)
Answer:
(B) The superstores’ heavy advertising of their low prices has forced prices down throughout the retail market for office supplies.
Explanation:
If the superstores have the financial means to produce heavy advertising of their low prices, this advertisements will reach a wide group of customers, who will now have lower price expectations for the market of office supplies, whether these are offered by large superstores, or by small retail stores.
Because small retailers likely do not have the economies of scale to allow for prices as low as the large superstores, they have a high probability of being taken out of business.
Answer:
Ending inventory in units= 194
Explanation:
Giving the following information:
The beginning inventory consisted of 76 units.
During the current month, the company purchased 478 units.
Sales during the month totaled 360 units.
<u>To calculate the number of units in ending inventory, we need to use the following formula:</u>
Ending inventory in units= total inventory - sales in units
Ending inventory in units= 554 - 360
Ending inventory in units= 194
