Answer:
Mark-up = 50%
Explanation:
Given the following data;
Selling price = 15 Pesos
Purchasing cost = 10 Pesos
To find the mark-up;
First of all, we would determine the profit;

Profit = 15 - 10
Profit = 5 Pesos
Now, we can solve for the mark-up using the formula below;



Mark-up = 50%
College education provides an investment in your future earning capacity. By investing resources today, you are assuming that your return on this investment will be paid through your future annual salary. This future annual salary is assumed to be greater than if you chose not to invest your resources in a college education.
Answer:
Explanation:
1) After tax cost = pre-tax cost * (1-t) = 31000*(1-37%) = $19530
After tax cost = $19530
2)
Tax savings = 31000*37% = 11470
Present Value of Tax Savings = 11470*0.952 (1 Year, 5 percent) = $10919
After cost = 31000-10919 = $20081
Answer:
The current ratio reflects existing cash as well as amounts to be converted to cash in the normal operating cycle.
Explanation:
As we know that
There are two liquidity ratios which is current ratio and quick ratio
The formula to compute each one is shown below:
Current ratio = Current assets ÷ Current liabilities
And, the quick ratio = Quick assets ÷ current liabilities
where,
Quick ratio = Current assets - inventory - prepaid expenses
By considering the two above ratios we could find the liquidity position of the ratio but the current ratio is the best as it includes all the items i,e to be required for it