Answer:
$42.51
Explanation:
markup percentage = (selling price - cost) / cost
54% = (selling price - $27.60) / $27.60
54% x $27.60 = selling price - $27.60
$14.904 = selling price - $27.60
selling price = $42.504 ≈ $42.51 we must round up since we are looking for the price that would yield the markup %, if we round down, then the markup % would be slightly below 54%
Answer: Option B
Explanation: In simple words, diversification refers to the process of allocating capital in different investments to reduce the overall risk of the investment portfolio.
Therefore, analyst tries to make portfolio in such a way that securities will be negatively correlated. If two securities are negatively correlated then the decrease of one will lead to proportionate increase of others.
This ensures that the investors money will not be depreciated but at the same time the potential for abnormal returns also decreases.
Answer:
D. supply increased and quantity demanded increased.
Explanation:
When supply curve moved from s to s1 , supply increased . demand curve did not move . Then the new equilibrium will shift towards the lower price with demand also showing increasing trend to balance supply but at lower price.
The approach is best demonstrated by Free Enterprise
Let understand that Free Enterprise is a system where there are full freedom for individuals and businesses. This system brings economic growth because its encourages entrepreneurs to start new businesses and take risks.
A laissez-faire economy system, notable a theory developed by the French creates the philosophy of giving businesses more autonomy from government rules and regulations
- This economy system makes its easier for companies to take risks and invest in the economy.
Learn more about laissez-faire
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Answer:
Thee jounal entry for January 1 of Messing Company is done below.
Explanation:
3.5% * 4000 = 140
Date Account Titles Dr Cr
Jan 1 Cash $3,860
Credit Card Expense 140
Sales Revenue 4,000