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3 years ago

26% markup Actual cost 700 Selling price ?

1 answer:

8 0

10 % of 700 = 70
so 20% of 700 = (70 x 2 ) = 140
5 % of 700 = (70 / 2 ) = 35
1% of 700 = (35 / 5 ) = 7
7 x 6 = 42
700 - 182 = 518.
selling price is £518.

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The price of a pair of sneakers was $80 for the last six months of last year. On January 1st, the price increased 20%. After the

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Answer:

$86.40

Explanation:

Businesses increase and reduce prices based on prevailing market conditions. If the price of a good has appreciated in the open marketbthen businesses tend to also increase their price.

When there is need to attract more customers or there is promotion of a product a discount (price reduction) can be used.

The price of the pair of sneakers increased in January, that is 100+20= 120% of the original price.

Price after increase= 1.2* 80= $96

Afterwards an employee bought the sneakers at a 10% discount that is 100-10= 90% of original price

Price after discount= 0.9* 96= $86.40

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4 years ago

Accounting information systems integration

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3 years ago

Summers, Inc., is an unlevered firm with expected annual earnings before taxes of $32.5 million in perpetuity. The current requi

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Answer:

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Explanation:

Check the attached image below for:

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3 years ago

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3 years ago

A company uses a process cost accounting system. The following information is available regarding direct labor for the current y

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Question:

A company uses a process cost accounting system and the weighted average method for inventory costs. The following information is available regarding direct labor for the current year:

goods in process, January 1 5,500 units 80% complete

goods in process December 31 8,800 units, 40 complete

units completed and transferred 46,900 units

to finished goods

direct labor costs during the year $266,300

(a) Calculate the equivalent units of production for direct labor for the year.

(b) Calculate the average cost per equivalent unit for direct labor (round to the nearest cent).

Answer:

Total equivalent unit= 41,040 units

Cost per equivalent units=$ 6.48

Explanation:

Equivalent units

Item Units Equivalent unit

Transferred out 46900× 80% = 37,520

Closing inventory 8,800 × 40% = 3,520

Total equivalent unit 41,040

Cost per equivalent units

Cost per equivalent units = Total labour cost/ total equivalent unit

= $266,300 / 41,040 units =$ 6.5

Cost per equivalent units=$ 6.5

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3 years ago