Answer and Explanation:
The computation of the dollar markup and the selling price is shown below
The dollar markup is
= $590 × 20%
= $118
And, the selling price
= Cost + dollar markup
= $590 + $118
= $708
hence, the same would be relevant and considered too
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Static , routine business processes are static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and closing processes.
<h3>What is business operation?</h3>
Business operation can be described as one that involves the transaction of different means for the making of profit.
Hence, Static , routine business processes are static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and closing processes.
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It should be noted that the contribution margin is first used to cover fixed expenses.
<h3>
What is contribution margin?</h3>
The contribution margin simply shows you the aggregate amount of revenue that is available after variable costs to cover fixed expenses.
Contribution margin is first used to cover fixed expenses. Once the break-even point has been reached, the contribution margin becomes profit.
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The correct answer is: [C]: "coinsurance" .
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