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vladimir1956 [14]
3 years ago
9

The cost of to a retailer of a ski patrol backpack used in emergency situations is $84.96. The retailer uses a markup of 40% bas

ed on cost. Find the selling price.
Business
1 answer:
Varvara68 [4.7K]3 years ago
3 0

<u>Answer:</u>

118.94

<u>Explanation:</u>

Markup Price is the price which is marked above the cost price. It may be different from selling price if any discount is offered to the customer on the marked price, and it may be same if there is no discount offered to the customer.

Cost Price = $84.96

Markup Price = 40% above cost price = 84.96×(1+(40/100)) = 84.96 × 1.4 = 118.94

Selling Price = Markup Price × (1 - ((Discount %)/100))

Assuming no discount is offered to customer, Selling Price = Markup Price, and hence Selling Price = 118.94

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Smith buys and sells equity securities. On December 15, 2021, Smith purchased $542,000 of Jones shares and elected the fair valu
Kamila [148]

Answer:

$46,000

Explanation:

We can find out the the revaluation gain that need to be reported at the year end by just deducting the the cost of the investment by its current fair value .

DATA

Fair value = 588,000

Cost = 542,000

Revaluation gain = Current fair value - Cost

Revaluation gain = 588,000 - 542,000

Revaluation gain = $46,000

The revaluation gain of $46,000 will be reported in other compreensive income of smith's financial statements.

3 0
2 years ago
Joslyn Company manufactures metal brackets. The estimated number of metal bracket sales for the first three months of the curren
Alexus [3.1K]

Answer:

Production= 1,240 units

Explanation:

Giving the following information:

Sales:

February= 1,250

March= 1,200

Desired ending finished goods inventory is equal to 20 percent of the next month's sales.

To determine the production required for February, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 1,250 + (1,200*0.2) - (1,250*0.2)

Production= 1,240 units

7 0
3 years ago
Are there any special fees or interest rates, or both for Chash Advances and Balance Transfers?Explain.​
jek_recluse [69]

Transfers Transfer payments.

Specialization Limiting production to fewer goods and services than consumed, perhaps those whose production entails lower opportunity cost.

3 0
3 years ago
Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 45 million cases of cola were sold ever
Genrish500 [490]

Answer:

Tax on a case of cola is $4 per case.

The burden that falls on consumers is $1 per case.

The burden that falls on producers is $3 per case

False. This is due to the fact that producers already carry a greater share of the tax burden.

Explanation:

Tax on a case of cola = Amount that consumers pay after the tax has been charged - Amount producers receive = $7 - $3 = $4 per case

Burden on consumers = Amount consumers pay after the tax has been levied - Amount consumers pay before tax was levied = $7 - $5 = $1 per case

Burden on producers = Tax on a case of cola - Burden on consumers = $4 - $1 = $3 per case

False. This is due to the fact that producers already carry a greater share of the tax burden.

4 0
2 years ago
When making replacement decisions, the development of relevant cash flows is complicated when compared to expansion decisions.
fgiga [73]

Answer: True

Explanation:

Decision regarding an asset replacement is usually based on both the internal rate of return and the net present value of the incremental cash flows.

Therefore, it should be noted that this brings about the complications when comparing the development of relevant cash flows to the expansion decisions.

4 0
2 years ago
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