Answer:
Uncollectible Accounts = $9,950
Explanation:
Uncollectible Accounts in :
Not yet due = $30,000 * 4% = $1,200
1-60 days = $15,000 * 25% = $3,750
more than 60 days due = $10,000 * 50% = $5,000
Total = $9,950
Answer:
$22.475 and $99.96
Explanation:
1. Split-leaf philodendron, costs $13.50 and requires an additional $1.00 per plant to prepare for a sale. The total cost of the plant is $14.50 ($13.50 + $1.00)
If Suzie desires a 55% mark-up, the retail prices will be the cost price plus 55% of the cost.
The cost price of $14.50 is equal to 100%
the retail price will be 155% of $14.50
=155/100 x $14.50
=1.55 x $14.50
=$22.475
2. The manufacturer sells the tent for $59.95.
$59.95 is equivalent to 100%. If wholesalers mark-up is 15%, they will sell the tents to retailers at 115% of $59.95
=115/100 x $59.95
=1.15 x $59.95
=$68.94
Retailers mark up is 45% of $68.94. consumers buy the tents at 145% of $68.94
=145/100 x $68.94
=1.45 x $68.94
=$99.96
D. surveys. they selected a random population and asked them questions about the advertisement.
<span>Should have bought more units of x and less units of y as dollar utility per item x is 24 Ă— 8 / 10 = 19.2 while dollar utility per y is 20 Ă— 5 / 14 = 7.14, but they have to be equal, i.e., 192 Ă— y = 100 Ă— x</span>