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salantis [7]
3 years ago
13

McKay Company sells lamps and they have decided that they would make the price of their lamps 30% more than what it cost the com

pany to make the lamp. So if the cost to make the lamp was $36.50 what would be the selling price of the lamp?
Business
2 answers:
julsineya [31]3 years ago
6 0
I believe the answer is $47.50
Viefleur [7K]3 years ago
6 0

Answer:

$47.45

Explanation:

Cost of the Lamp = $36.50

Proposed Selling Price = 30% of Cost of Production + Cost of Production = (30/100 X 36.50)+36.50 = 10.95+36.50 = $47.45

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Margaret Lindley paid $15,040 of interest on her $300,400 acquisition debt for her home (fair market value of $500,400), $4,040
Brums [2.3K]

Answer:

$23,160

Explanation:

The Total interest = 15,040 + 4040 + 1040 + 3040

Total interest = $23,160

Hence, the Interest deductable this year = $23,160

6 0
3 years ago
The stock of Big Joe's has a beta of 1.64 and an expected return of 13.30 percent. The risk-free rate of return is 5.8 percent.
larisa86 [58]

Answer:

expected return on market = 0.10373 or 10.373%

Explanation:

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.  

The formula for required rate of return under CAPM is,

r = rRF + Beta * rpM

Where,

  • rRF is the risk free rate
  • rpM is the market risk premium

We will first calculate the market risk premium using the required rate of return for stock, beta and risk free rate and plugging these values in the formula above.

0.1330 = 0.058 + 1.64 * rpM

0.1330 - 0.058 = 1.64 *rpM

0.075 = 1.64 * rpM

rpM = 0.075 / 1.64

rpM = 0.04573 or 4.573%

As we know that the beta for market is always equal to 1, we can calculate the rate of return for market as,

expected return on market = 0.058 + 1 * 0.04573

expected return on market = 0.10373 or 10.373%

7 0
3 years ago
Calculate gross profit for the following situation: National Storage Company had sales of $1,000,000, sales discounts of $2,500,
Pie

Answer:

$475,500

Explanation:

Sales is $1,000The discountscount is $2500

Sales return and allowances are $15,000

The cost of goods sold is $525,000

Therefore the gross profit can be calculated as follows

= 1,000,000-2,500-15,000-525,000

= 457,500

Hence the gross profit is $475,500

3 0
3 years ago
Hayley, from California, arrived in Saudi Arabia and immediately noticed that the way Saudi men treat women is vastly different
Jet001 [13]

Answer:

The answer is 1. Culture shock

Explanation:

What is culture shock?

According to Merriam-Webster, culture shock is defined as the sense of confusion and uncertainty sometimes with feelings of anxiety that may affect people exposed to an alien culture or environment without adequate preparation.

With the definition above, it is therefore safe to say that, in the case of Hayley feeling uncomfortable and disoriented in a new environment, she is experiencing Culture Shock.

4 0
3 years ago
1. An advantage of gig work is...
Vladimir79 [104]

Answer:

B. flexible work hours

Explanation:

Frogvie me pease :(

8 0
2 years ago
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