Answer:
62.70%
Explanation:
The markup value is found by calculating the gross profit and dividing it by its price. The retail price for the Rent-a-Furniture Center is $799 and the selling is $25 per week.
There are 52 weeks in a year, therefore, with this payment plan of $25/week, the total amount in one year is (52* 25) = $1300. Gross profit is (1300- 799) = $501. The markup value is (501/799) = 62.7033%
Do you have a picture or something yes or no
Answer: $32.23 per labor-hour
Explanation:
To solve the question, we need to first calculate the estimated total manufacturing overhead which will be:
= $906,732 + ($6.76 per labor-hour × 35,600 labor-hours)
= $906732 + $240656
= $1,147,388
Predetermined overhead rate will then be:
= $1,147,388 / 35,600 labor-hours
= $32.23 per labor hour
Answer:
$15,000
Explanation:
Annual depreciation = (cost price - residual value)/Service life
Where Cost = $90,000
Estimated service life = 5 years
Estimated residual value = $15,000
Annual Depreciation = (90,000 - 15,000) / 5
=75000 / 5
= $15,000
Depreciation expense for the year ended December 31, 2021 = $15,000
The answer to the question above is NONE, there is no method(s) of distributing goods and services that satisfies all wants of the people. Wants are in constants change and infinite due to change of demands. Satisfaction of human wants are limited to the amount of natural and human resources availability.
