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3 years ago

If you made a 17% profit on the $76,000 sale of a lot, how much did you pay for the lot?

Business

1 answer:

Rina8888 [55]3 years ago

3 0

For this case, the total percentage paid for the land is given by:

$100 - 17 = 83$

Then, we can make the following rule of three:

76000 ----------------> 100%

x -----------------------> 83%

From here, we clear the value of x.

The value of x is the amount that was paid for the lot.

We have then:

$x = (83/100) * (76000)\\x = 63080$

Answer:

You paid 63080 $ for the lot

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Answer:

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Explanation:

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Multimarket contact occurs when firms compete with the same rivals in multiple markets.

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Multimarket contact gives a firm more options to respond to actions or attacks by a rival in other markets other than in the market being challenged. As a result, multimarket competitors may hesitate to attack in one market for fear of retaliation in other markets.

Multimarket competition may therefore reduce the competitive intensity among rivals, an effect known as mutual forbearance.

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3 years ago

Schedule of cash payments for a service company Horizon Financial Inc. was organized on February 28. Projected selling and admin

Ksenya-84 [330]

Answer:

Total Cash Payments are as follows:

For March = $91,834

For April = $119,960

For May = $107,726

Explanation:

Note: See the attached Excel file for the schedule of cash payments

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a. March Expenses

Paid in March = (Total projected selling and administrative expenses for March - Depreciation, insurance, and property taxes for March) * Percentage of reminder paid = ($160,800 - $35,000) * 73% = $91,834

Paid in April = (Total projected selling and administrative expenses for March - Depreciation, insurance, and property taxes for March) * Percentage of balance paid = ($160,800 - $35,000) * (100% - 73%) = $33,966

b. April Expenses

Paid in April = (Total projected selling and administrative expenses for April - Depreciation, insurance, and property taxes for April) * Percentage of reminder paid = ($152,800 - $35,000) * 73% = $85,994

Paid in May = (Total projected selling and administrative expenses for April - Depreciation, insurance, and property taxes for April) * Percentage of balance paid = ($152,800 - $35,000) * (100% - 73%) = $31,806

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Paid in May = (Total projected selling and administrative expenses for May - Depreciation, insurance, and property taxes for May) * Percentage of reminder paid = ($139,000 - $35,000) * 73% = $75,920

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2 years ago

According to a recent survey, insurance was cited as the biggest problem for small businesses. What is cited as the second most

Murljashka [212]

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3 years ago

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eimsori [14]

Answer:

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Sales Commission ($17,500 x 5%) ($875)

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Rent ($1,000)

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Traditional Income statement calculates the gross profit after deducting the cost of goods sold from the revenue. After that it deduct all the operating expenses to calculate the Net Income.

Contribution margin income statement consider all the variable expenses as cost of product cost and calculates the contribution margin, after that the fixed costs are deducted calculate the net income.

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3 years ago

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