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
frutty [35]
3 years ago
6

If a store uses a selling price-based markup of 40%, and an item costs the store $300, what selling price would the store set fo

r the item ?
A.335

B.400

C.435

D.500

My Answer is C.435
Business
1 answer:
drek231 [11]3 years ago
5 0

Answer:

Selling price would the store set for the item   500

Explanation:

SELLING PRICE= 100% 500  

COST=                  60% <u>300 </u>

MARKUP=          <u>40%</u> 200  

   

   

% Cost                  60%  300 Cost

%Selling price 100% x  

   

X=selling price    

X=100%*300/60%    

X=500    

You might be interested in
White Corporation, a closely held personal service corporation, has $150,000 of passive activity losses, $120,000 of active busi
LenKa [72]

Answer:

correct option is a.$0

Explanation:

given data

passive activity losses = $150,000

active business income = $120,000

portfolio income = $30,000  

to find out  

how much passive activity loss can White Corporation deduct

solution

as per given we know that here white corporation is a Personal Service Corporation

so that it is not deduct the passive loss against the portfolio income

so correct option is a.$0

3 0
3 years ago
Delta Company purchased an equipment by signing a note with the bank for $20,000. Which of the following statements correctly sh
olya-2409 [2.1K]

Answer:

(B) Assets will increase by $20,000, liabilities will increase by $20,000, and stockholders' equity will remain unchanged

Explanation:

Signing a note of $20,000 with a bank to purchase an equipment will have the following double entry in the books of the borrower.

Debit Equipment (asset) account $20,000 (an increase in assets)

Credit Bank Notes (liability) account $20,000 (an increase in liabilities).

8 0
3 years ago
Ruby Red manufactures, markets, and distributes citrus flavored soft drinks across the globe. Ruby Red hired a collection agency
kifflom [539]

Answer:

$31,400

Explanation:

Ruby estimates that only 2% of its 2019 credit sales will be written off

Ruby Red has a $12,800 credit balance in its allowance for doubtful accounts

Ruby Red has credit sales of $1,570,000.

Bad debt expense = Credit sales *  2% of its 2019 credit sales

Bad debt expense = $1,570,000 * 2/100

Bad debt expense = $1,570,000 * 0.02

Bad debt expense = $31,400

6 0
2 years ago
First-line managers most likely have _____.
gregori [183]
First-line managers most likely have (d). a more narrow span of control than top-level managers. First line managers directly supervise non-managerial workers and employees who are assigned and who belong to a specific field of work or duty. These first-line managers are the ones that manage them, thus having a more narrow span of control compared to the managers at the top of the hierarchy.
8 0
3 years ago
Read 2 more answers
7. Problems and Applications Q7 Your cousin Vinnie owns a painting company with fixed costs of $200 and the following schedule f
In-s [12.5K]

Answer:

4 houses per month.

Explanation:

Note: See the attached file for the calculation.

Efficient scale of production is can be described as the number of units of production where average total cost (ATC) of production is lowest.

From the attached file, the ATC of $70 is the lowest at 4 houses per month and 4 houses per month is therefore the efficient scale.

Download xlsx
4 0
3 years ago
Other questions:
  • Consumer research, product development, communication, distribution, pricing, and service are all most accurately described as c
    8·1 answer
  • I just came back on this website after like 2 years so like....Im gonna meme this until this account gets taken down. Someone gi
    6·2 answers
  • A company manufactures 1,200 cylinders per day, each requiring a pressure gauge. The purchase price of the pressure gauge is $3.
    13·2 answers
  • The _____ summarizes a firms financial position at a specific point in time (i.e., a specific quarter or year).
    8·1 answer
  • Demand for a certain product is forecast to be 800 units per month, averaged over all 12 months of the year. The product follows
    9·1 answer
  • Country M levies a 10 percent excise tax on the retail price of any automobile purchased in the country. This year, the aggregat
    12·1 answer
  • You started your first job after graduating from college. Your company offers a retirement plan for which the companycontributes
    10·1 answer
  • KylaKyla is buying clothesclothes. She can choose between blue jeansblue jeans​, khaki pantskhaki pants​, and black jeansblack j
    15·1 answer
  • In January 2012, one US dollar was worth 50.0 Indian rupees. Suppose that over the next year the value of the Indian rupee decre
    5·1 answer
  • Yahoo! recently eliminated _________ despite its many advantages because it was perceived as undermining corporate culture.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!