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
olga_2 [115]
3 years ago
10

Stanley Corporation manufactures an electronic switch for dishwashers. The cost base per unit, excluding selling and administrat

ive expenses, is $60. The per unit cost of selling and administrative expenses is $15. The company’s desired ROI per unit is $6. Calculate its markup percentage on total unit cost.
Business
1 answer:
sammy [17]3 years ago
3 0

Answer:

So markup percentage will be 8 % on total unit cost

Explanation:

We have given that cost base per unit including selling and  administrative expenses is $60

per unit cost of selling and and administrative expenses is $15

The company desired ROI per unit is $6

We have to calculate the markup percentage on total unit cost

Markup percentage on total unit cost is given by '

markup percentage = \frac{desired\ ROI}{cost\ base\ per\ unit+ The \ per\  unit \ cost \ of \ selling \ and \ administrative\  expense}=\frac{6}{60+15}=0.08=8%  

So markup percentage will be 8 % on total unit cost

You might be interested in
​You are part of an information systems project team. your job is to ensure that the technology and vendor suggested for use in
KatRina [158]

Answer:

The correct answer is (c)

Explanation:

Information systems manager (IS Manager) represent data innovation in an association, regulating a group of IT experts. The job incorporates data frameworks arranging, establishment, and support, including equipment and programming overhauls. IS directors may concentrate on a particular issue, for example, arrange security or Internet administrations, or they may organise all innovation tasks

5 0
2 years ago
Debt management ratios measure the extent to which a firm uses financial leverage and the degree of safety afforded to . They in
Ket [755]

Answer:

The 1st ratio examines debt by observing at the company's balance sheet, whereas the other two ratios examine debt by observing at the company's income statement. Thus, debt-to-total-assets ratio processes the %age of assets delivered by debt in order to fund total assets. The computed equation will be: (Total long term debt + Total short term debt) / Total assets). The high debt ratios that overdo the business average might create it expensive for a company to borrow the extra funds without initial raising for more equity. The period’s interest received ratio processes the degree to which the income can fall before the company is incapable to meet its yearly interest expense expenditures. However, the computed equation is EBIT / total interest payable: EBIT is used as the numerator as it is funded with pretax dollars.  The company’s capability to pay will not be affected by the taxes. The EBITDA analysis ratio is EBITDA / total interest: This proportion is more comprehensive than the TIE proportion because it identifies that depreciation and payback are not expenses, so these aggregates are accessible to service debt, and lease expenses and principal refunds are fixed expenses.

8 0
3 years ago
Embree Corp. purchased a four-year insurance policy on May 1, Year 2, for $12,000, effective immediately. The company expensed t
BlackZzzverrR [31]

Answer:

a. Debit to Prepaid Insurance of $10,000

* Option for this question was missing so I have attached a similar question with this answer and answered accordingly.

Explanation:

Insurance purchased for four years was actually prepaid insurance on May 1, Year 2.

The company expensed all amount by positing following entry ( which is a wrong entry)

DR.   Insurance Expense  $12,000

Cr.    Cash                          $12,000

It should be entered as follow:

DR.   Prepaid Insurance   $12,000

Cr.    Cash                          $12,000

At the end of the year 2 8 months has been passed for which $2,000 is accrued and it will be recorded, as all the amount is charged to the expense account we will adjusted the remaining amount of $10,000 to correct this mistake.

Now at the end of year 2 the correct entry which will settle the expense and prepaid insurance as well is as follow.

DR.   Prepaid Insurance   $10,000

Cr.    Insurance Expense  $10,000

6 0
3 years ago
Mathrans, a textile firm, wants to hire two costume designers for a new movie project. To precisely determine the future job per
irga5000 [103]

Answer:

<u>Validation</u>

Explanation:

The validation process occurs when an organization needs to know the skills and performances of some job seekers. Through a test with selected measures, such as construction measures, content and criteria, it is possible for the company to know and predict if a candidate is able to perform the tasks assigned to the position he is running.

7 0
3 years ago
These are selected 2022 transactions for Pronghorn Corporation:
Nataly [62]

Answer:

December 31, 2022, amortization expense of copyright

Dr Amortization expense 19,500

    Cr Copyright 19,500

December 31, 2022, amortization expense of patent

Dr Amortization expense 10,000

    Cr Patent 10,000

No journal entry required for the Goodwill since its useful life is indefinite

5 0
3 years ago
Other questions:
  • If a tire fails or you have a blowout, you should immediately concentrate your attention on what?
    14·1 answer
  • Bon rules relating to good professional character and unprofessional conduct are intended to
    11·1 answer
  • In a market system, how are the terms of exchange established?
    11·1 answer
  • Net income $ 209,600 Preferred stock outstanding, 12% cumulative $ 80,000 Market price per share of common stock $ 24.00 Total S
    8·1 answer
  • When Hertz Rent-a-Car decides to expand its fleet, several companies as well as consumers will be involved. Financial services w
    6·1 answer
  • If the monthly rent of a property is $3,000, and the gross rent multiplier (GRM) is 80, what is the value of the property?
    6·1 answer
  • Diversification is an important part of investing because
    13·1 answer
  • Halsted Corp. has identified three cost pools in its manufacturing process: equipment maintenance, setups, and quality control.
    15·1 answer
  • When a company sells a buyer certain goods only on condition that the buyer also purchases other goods from the firm, this is kn
    11·1 answer
  • Employer-sponsored retirement plans requiring a minimum length of time of service to participate are.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!