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3 years ago

an item selling for 46.40 was mark to obtain a gross profit of 45% on cost find the cost of this item

Business

1 answer:

Mila [183]3 years ago

4 0

Answer:

Explanation:

Using Formula

Cost + (Cost*Margin) = Selling Price

Cost is not known...

Cost (1 + Margin) = Selling Price

Cost = Selling Price / 1 + Margin

Here, Margin is 0.45 of cost and selling price is 46.4

Cost = 44.4 / 1.45

Cost = 32

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3 years ago

Huang Aerospace Corporation manufactures aviation control panels in two departments, Fabrication and Assembly. In the Fabricatio

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Answer:

b. $1,500

Explanation:

The computation of the total amount of manufacturing overhead is shown below:

= Assembly department + Fabrication department

where,

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3 years ago

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3 years ago

Exercise 20-19 Budgeted cash payments LO P2 Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $

beks73 [17]

Answer:

See explanation section.

Explanation:

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For the 2nd quarter

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3 years ago

Eastern Electric expects to pay a dividend of $1.69 per share next year and sells for $24 a share. a. If investors believe the g

jonny [76]

Answer:

a. 9.04%

b. 4.96% approx.

c. 10%

Explanation:

a. As per dividend growth model,

Required rate of return = $\frac{D_{1} }{P_{0} } \ +\ g$

wherein, $D_{1}$ = Next year expected dividend

$P_{0}$ = Current market price of a share as on today

g = Annual growth rate in dividend ( in percentage)

r = Rate of return or cost of equity

Hence, required rate of return (r) = $\frac{1.69}{24} \ +\ .02$ = 9.04%

b. R = 12%

$P_{0}$ = $24

$D_{1}$ = $1.69

Then, using the above formula, we have,

.12 = $\frac{1.69}{24} \ +\ g$

⇒ g = 4.96 % approx

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g = b × r

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8 0

3 years ago

an item selling for 46.40 was mark to obtain a gross profit of 45% on cost find the cost of this item​

an item selling for 46.40 was mark to obtain a gross profit of 45% on cost find the cost of this item