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alisha [4.7K]
3 years ago
9

The price of a pair of sneakers was $80 for the last six months of last year. On January 1st, the price increased 20%. After the

price increase, an employee bought these sneakers with a 10% employee discount. What price did the employee pay?
Business
1 answer:
kobusy [5.1K]3 years ago
6 0

Answer:

$86.40

Explanation:

Businesses increase and reduce prices based on prevailing market conditions. If the price of a good has appreciated in the open marketbthen businesses tend to also increase their price.

When there is need to attract more customers or there is promotion of a product a discount (price reduction) can be used.

The price of the pair of sneakers increased in January, that is 100+20= 120% of the original price.

Price after increase= 1.2* 80= $96

Afterwards an employee bought the sneakers at a 10% discount that is 100-10= 90% of original price

Price after discount= 0.9* 96= $86.40

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Treasury stock represents stock that: a. is being held to purchase treasury securities. b. is being held to purchase preferred s
mixer [17]

Answer:

The correct answer is (D)

Explanation:

Sometimes firms and organisations try to reduce the outstanding stocks in the market. To do so, they purchase back some of those stocks from the open market, such stocks are known as treasury stocks.  After that, It is up to the issuer, they can resell it to the public or they can dissolve them completely.  After purchasing back, these stocks are no longer considered outstanding.

6 0
4 years ago
If an investor places a ________ order, the stock will be sold if its price falls to the stipulated level. If an investor places
irga5000 [103]
<h2>Stop loss , Stop buy</h2>

Explanation:

Let us understand the term stop-loss order:  

· This is an “order sited” with the “broker to buy or sell” once the stock reaches a certain amount or price.

· This is “designed to limit” an investor's loss on a security point.  

· Fixing a stop-loss order for “20% below the price” the margin which you have bought the stock will “limit your loss to 20%”

Let us understand the term buy stop order:

It guides a “broker to purchase a security” when it reaches a strike price that is higher than the “current spot price”.

5 0
4 years ago
Large companies may manage a number of very different businesses called _____. a. strategic business alliances b. focus groups c
klemol [59]

Answer: Strategic business units.

Explanation:

Large companies in most cases have a lot of sub-companies under them that run almost independently but report to the headquarters of the large companies about their activities, these sub-companies are known as strategic business units(SBU). The SBU helps the large company gain a large area of coverage.

3 0
3 years ago
What is the basic economic problem that happens because people have unlimited wants but resources are limited? *
Ede4ka [16]

Answer:

D

Explanation:

Scarcity is the basic economic problem that happens because people have unlimited wants but resources are limited.

hope this helps

4 0
3 years ago
Of the following companies, which one would not likely employ the specific identification method for inventory costing?
Schach [20]

Answer:

The correct answer is D

Explanation:

Specific identification method of inventory is the method which helps in finding the ending cost of the inventory. And this method need the detailed physical count, as it helps the company in making or knowing how many goods brought on particular dates which is remained at the end of the year inventory.

Under this method, the companies which could adopt this method, are antique shop, farm implement dealership and music store.

3 0
3 years ago
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