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Black_prince [1.1K]
3 years ago
10

An antiques dealer buys a grandfather clock for $200. she sets the selling price at $350. when the clock doesn't sell after two

months, she raises the price to $800 and moves the clock to her downtown store to appeal to a different market. the clock sells for $800 the next day. what is the maintained markup?
Business
1 answer:
Juli2301 [7.4K]3 years ago
8 0
Maintained markup refers to the gross profit that generated after changing the price of the product.

Maintained markup = (Original retail - Reductions)  - Cost of Goods Sold

so, the maintained markup is

($350 + $ 800) - $200

= $950
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In order for a CPA to accept a gift from a client, Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule

<h3>When can a CPA take a gift from a client?</h3>

A Certified Public Accountant (CPA) is someone who has to abide by the highest ethics in the accounting profession so as to protect the integrity of financial statements and the accounting profession in general.

A CPA can therefore not be seen to be influenced by their client in a way that brings bias such that financial statements cannot be trusted. One way this can happen is if the CPA accepts a gift from the client.

To avoid this, the gift accepted must be in line with integrity and objectivity rules that  ensure that the independence of the Certified Public Accountant (CPA) is protected.

In conclusion, a Certified Public Accountant (CPA) can accept a gift if Adequate safeguards exist to prevent any threats to compliance with the Integrity and Objectivity rule

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8 0
2 years ago
Cars made in the United States by an American-owned company are included in______
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Explanation:

5 0
3 years ago
If total liabilities decreased by $15,000 and stockholders' equity increased by $10,000 during a period of time, then total asse
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Answer:

The total assets must change by B) $5,000 decrease

Explanation:

hi, remember that:

Assets=Liabilities+Equity

If liabilities decrease by $15,000 and equity increases by $10,000...

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Assets=Liabilities+Equity-5,000

Therefore, to balance this equation, we have to substract -$5,000 from the assets, therefore, the assets decrease by 5,000, which is B)

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4 0
3 years ago
A company is considering investing in a new machine that requires a cash payment of $38,209 today. The machine will generate ann
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Answer:

The IRR is 10%.

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We choose a discount rate, say 10% and use it to discount the cash flows to their present values.  If the net present value (NPV) of all the cash flows equals zero, then that discount rate is accepted as the IRR.

b) Without 10% discount rate, the discount factors are for:

1st year = 1.1 (1 + discount rate) raised to power 1

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IRR is a capital budgeting metric to measure profitability by using a discount rate which makes the net present value of all cash flows to become zero.  To get a suitable rate, trial and error is involved, or one can make use of educated best guess.

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Answer:

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