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mylen [45]
4 years ago
9

Strawberry Mansion Company sells its special strawberry pie for $18. The total cost to produce the pie is $10. Of this amount, $

2 per unit is selling costs. The total variable cost is $7. The desired profit is $8 per unit. What is the markup percentage on product cost?
Business
1 answer:
Arturiano [62]4 years ago
3 0

Answer:

Product cost:                     $

Variable production cost 5.00

Variable selling cost        <u>2.00 </u>

Total variable cost           7.00                                                        

Total fixed cost                 <u>3.00</u>

Total cost                          10.00

Desired profit                  <u> 8.00</u>

Selling price                      <u> 18.00</u>

Mark-up percentage on product cost  

=   <u>8</u>   x 100

    10          

= 80%                                        

Explanation:

In this case, we will divide the profit by the total cost in order to obtain the mark-up percentage on cost. The total cost equals $10 while the profit is $8.  The division of profit by total cost multiplied by 100 gives the mark-up percentage on product cost.

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Don executes a will leaving half of his farm to his spouse Elsie and the rest to his sons, Frank and Greg, in equal shares. The
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Answer:

Don executes a will leaving half of his farm to his spouse Elsie and the rest to his sons, Frank and Greg, in equal shares. The will disinherits a third son, Hal. Don and Elsie divorce, but Don dies before changing his will. Under the Uniform Probate Code:

c. Frank and Greg receive the entire estate in equal shares.

Explanation:

  • Uniform Probate Code is applicable in almost 18 states of the United States that was developed to standardize the laws of wills, trusts, and intestacy.
  • The option a is not correct as Elsie can't get the half of the farm as Don and Elsie were divorced.
  • The option b is also incorrect as Elsie can't get the half of farm as well as Hal will not get the share.
  • The option c is correct as it is in accordance with Uniform Probate Code.
  • The option d is incorrect as state can't inherits the entire estate in the presence of heirs.
6 0
3 years ago
a bond issue with a face amount of $500,000 bears interest at the rate of 10%. the current market rate of interest is also 10%.
timofeeve [1]

The Bond will sell at a price that is equal to $500,000 (OPTION A).

Bond: Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental).

A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower.

Interest rates and bond prices are inversely correlated. Accordingly, bond prices decrease as interest rates rise and increase when interest rates fall.

In a portfolio, bonds continue to offer these advantages whether yields are rising or dropping. I mean, both stocks and bonds may experience a short-term price fall during times of rising interest rates. The price of the bonds will decrease as they react to increased interest rates.

To learn more about Bonds, visit the following link:

brainly.com/question/25965295

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7 0
1 year ago
Katy, a manager, is evaluating her team members by rating them from best to worst. This rating is based on their overall perform
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Answer:

a. The simple ranking method

Explanation:

The simple ranking method -

It refers to the method of evaluation used in a company , in order to rank the employees from best to worst depending on various factors , is referred to as the simple ranking method .

Factors like , negative impact , ratings , feedback etc. all are considered while making the ranking .

Hence , from the given scenario of the question ,

The correct answer is a. The simple ranking method .

4 0
3 years ago
An industrial union: is most concerned with increasing the demand for workers in an industry restricts supply of labor through l
WARRIOR [948]
I think the correct answer is the third option.   An industrial union organizes a wide range of skilled and unskilled workers in an industry. It is a group where all workers regardless of position of a particular industry are to be members. These are organized in order to gain a bargaining power especially in strike events.
6 0
4 years ago
A nurse is performing initial teaching with a client who will be receiving electroconvulsive therapy (ECT). Which statement by t
Verdich [7]

Answer:

The correct answer to the following question will be Option B.

Explanation:

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A. "Before my treatment, I shall stop taking my lithium for 2 weeks".

B. "My dose of Dilantin will go up several days before the treatment".

C. "I'll need to keep taking my regular medication for blood pressure".

D."I will have an EKG before the operation to determine cardiac abnormalities."

Electroconvulsive therapy (ECT): Is the most widely used medical treatment in critically ill patients severe depression or bipolar who have not responded to any other therapies. ECT requires a brief electrical brain stimulation while the patient undergoes anesthesia.

When, a client is having a dose of Dilantin (Dilantin is a non-epileptic medicine, also used as an anticonvulsant) then, a nurse should give him ECT, and this therapy is a need for that kind of client.

Therefore, Option B is the correct answer.

7 0
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