1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andreyandreev [35.5K]
3 years ago
5

Green Thumb Garden Tools Inc. produces and sells home and garden tools and equipment. A lawnmower has a total cost of $230 per u

nit, of which $160 is product cost and $70 is selling and administrative expenses. In addition, the total cost of $230 is made up of $120 variable cost and $110 fixed cost. The desired profit is $58 per unit. Determine the markup percentage on product cost.
Business
1 answer:
WARRIOR [948]3 years ago
7 0

Answer:

80%

Explanation:

The computation of markup percentage on product cost is shown below:-

Markup percentage on product cost = ((Selling and administrative expenses + Desired profit) ÷ Product cost) × 100

= (($70 + $58) ÷ $160) × 100

= 0.8

or

= 80%

Therefore for computing the markup percentage on product cost we simply applied the above formula.

You might be interested in
Walden Industries is considering investing in productionminusmanagement software that costs $ 630 comma 000​, has $ 60 comma 000
nadya68 [22]

Answer:

345,000

Explanation:

accounting rate of return:

\frac{net \:profit}{average \: investment}

The average investment will be the average between the ending and beginning book value of the investment:

In this case, the acquisition of the software and his salvage value at the end of the useful life.

( 630,000 + 60,000 ) / 2 = 345,000

4 0
3 years ago
Advice Florence and her team on how they can convince the staff using john kotter's theory to lead change
shtirl [24]

John Kotter’s theory for leading can help business staffs to improve their performance especially in completing assignments and improving teamwork.  His theory centers on eight steps:

1.       Creating urgency to spur change.

2.       Forming a powerful coalition from people of diverse talents.

3.       Make a vision of change that would inspire and rally your group.

4.       Communicate that vision so that all of you understand what needs to be done.

5.       Remove obstacles that would impede your goals.

6.       Create short-term wins that would help in the short run but will contribute in the long run.

7.       Build on change while the momentum is there.

8.       Anchor that change as a model for others to follow.

4 0
3 years ago
Which of the following has given consumers unprecedented power to express likes and dislikes, compare prices, find the best deal
STatiana [176]

Answer:

The correct answer is letter "A": Digital technology.

Explanation:

When talking about commerce, digital technology has allowed buyers and sellers from different parts of the world find and offer goods and services without the need to physically meet. The transaction also includes all the steps and efforts necessary to deliver consumers the product at the door of their houses.

Besides, digital technology has allowed consumers to express their ideas massively based on the experience they had with the digital vendors and price so other prospective consumers have an idea of the service provided by the merchant is good or if they should look for a different seller.

8 0
3 years ago
Suppose the National Bureau of Economic Research (NBER) comes out with a report suggesting that the economy will soon dip into r
egoroff_w [7]

Levels of cyclical unemployment will rise.

Unanswered levels of frictional unemployment may rise as people looking for jobs will find it harder to get new jobs.

Unanswered levels of structural unemployment are likely to rise as businesses look for specific types of workers.

Answer: Options A, B and G.

<u>Explanation:</u>

In Economics, a recession is a business cycle constriction when there is a general decrease in monetary action. Downturns by and large happen when there is a far reaching drop in spending.

A recession happens when there are at least two back to back quarters of negative monetary development, which means GDP development contracts during a downturn. As organizations battle with less money and income, they first attempt to lessen their expenses by bringing compensation or stopping down to procure new specialists, which can stop business development.

6 0
3 years ago
The production possibilities curves suggest that rev: 09_17_2020_QC_CS-228777 Multiple Choice West Mudville should specialize in
ratelena [41]

Answer: West Mudville should specialize in, and export, baseball bats.

Explanation:

Each country should specialize in the good that it has a lower opportunity cost in producing.

West Mudville

Opportunity cost of producing baseball bats = 9/9 = 1 baseball

Opportunity cost of producing baseball = 9/9 = 1 baseball bat

East Mudville

Opportunity cost of producing baseball bats = 8/4 = 2 baseballs

Opportunity cost of producing baseball = 4/8 = 0.5 baseball bats

From the above, West Mudville has a lower opportunity cost than East Mudville in the production of baseball bats and so it should specialize in and export that.

3 0
3 years ago
Other questions:
  • A sofa manufacturer can produce 10 sofas for $2,500 and 12 sofas for $2,760. What is the difference between the average cost per
    14·1 answer
  • Match your vocabulary word with the phrase that defines it. 1 . how land is used in cities overurbanization 2 . a situation in w
    14·1 answer
  • Magnolia Manufacturing makes wing components for large aircraft. Kevin Choi is the production manager, responsible for manufactu
    15·1 answer
  • After the purchase of a new car, Johanna Morales had the feeling that she made an awful mistake in terms of paying too much for
    5·1 answer
  • A candidate may apply to multiple jobs at the company Universal Containers by submtting a single application per job posting. On
    7·1 answer
  • The opportunity cost of a decision is measured in terms of
    14·1 answer
  • Which of the following auditing procedures will provide evidence to support management’s assertions regarding the allocation and
    12·1 answer
  • What is 2divided by 100
    6·2 answers
  • A machine cost $1,200,000, has annual depreciation of $200,000, and has accumulated depreciation of $950,000 on December 31, 202
    9·1 answer
  • ___________________ usually have greater financial strength than do other forms of business organizations.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!