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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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Swifty Corporation financed the purchase of a machine by making payments of $20500 at the end of each of five years. The appropr
NikAS [45]

Answer:

Cost of machine = $73,897.99

Explanation:

The cost of machine to Swifty Corporation the present value pf the ordinary annuity payment of $20,500 per year discounted at the interest rate of 12%.

Note that the annuity is an ordinary annuity because annual  payment  is made at the end of the year.

Present value of ordinary annuity= annuity factor× annual payment

Present value of ordinary annuity = 20,500× 3.60478= $73,897.99

Cost of machine = $73,897.99

7 0
3 years ago
The purpose of the debt covenant that requires maintaining a minimum level of net working capital is to ________.A) protect the
erma4kov [3.2K]

Answer:

Answer is option C i.e. ensure a cash shortage does not cause an inability to meet current obligations.

Explanation:

Debt covenants can be understood as an agreement between the lenders and the borrower. There are certain terms that are to be considered by the parties of the agreement. One such term is the maintenance of a minimum level of net working capital so that when a company/organization that has borrowed the money runs bankrupt can meet its obligation to pay back the required amount to the lender on time. Therefore, maintenance of a minimum level of net working capital is to ensure that the cash shortage does not cause an inability to meet current obligations.

7 0
3 years ago
An agent that represents a cluster of manufacturers, e-tailers, and content providers organized around a life event or major ass
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Answer:

correct answer is Metamediary

Explanation:

solution  

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6 0
3 years ago
The management of Unter Corporation, an architectural design firm, is considering an investment with the following cash flows: Y
Mandarinka [93]

Answer:

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Payback = the time in the life of a project on which the initial ivnestment is recover.

       -31,000 Balance

Year 1  2,000 -  29,000

Year 2 0          - 29,000

Year 3 8,000  -  21,000

Year 4 9,000  -  12,000

Year 5 12,000              0

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5 0
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Answer:

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