The answer is <span>155.53
</span><span>The cost is $138.25. This is 100%.
The </span>desired markup is 12.5%. Let x be the price after t<span>he desired markup. x is 112.5% (100% + 12.5% = 112.5%).
Again:
</span>$138.25 is 100%
x is 112.5%
Make the proportion:
$138.25 : 100% = x : 112.5%
x = $138.25 * 112.5% : 100%
x = $155.53
True, especially in the food industry in order to prevent cross contamination.
Answer:
The Source Documents include:
Sales ticket
Telephone bill
Invoice from supplier
Bank statement
Explanation:
Source documents are the original documents through which business transactions are initiated. They include receipts, bills, invoices, statements, checks, etc. They usually document or initiate a transaction. Any time a business spends or receives money or enters into a contract with another party, a source document is created. Source documents form an integral part of the accounting and bookkeeping process, and auditors need them to trace records to the underlying transactions.
Answer:
The answer is (B) which is the 25 percent of nominal GDP.
Now, the question may arise that what prompted us in choosing the option (b)
This consequentially will take us to the point where we define and discuss on how we calculate for nominal GDP
What is nominal GDP:
Nominal GDP which simply means a group or pattern of measurement of a country gross domestic product. It is usually being analysed at market current prices. Hence, nominal GDP includes all of the changes in market prices that happened during the current or existing year due to inflation or deflation.
How do we calculate for nominal GDP:
It is calculated by dividing Nominal GDP by Real GDP and then multiplying by 100.
It should also be noted that Nominal GDP is the market value of goods and services produced in an economy in its raw or un-adjusted format for inflation. Real GDP is nominal GDP, adjusted for inflation to reflect changes in real output.
