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vivado [14]
3 years ago
10

Please calculate the answer to the following problem, showing all of your work. NO CREDIT will be given if I cannot follow your

calculations. This assignment should be hand-written.
The percent markup on a pickup truck is known to be 112% based upon cost to the seller. If the seller paid $15,800 for the truck, what would be the corresponding percent markup based upon the sale price? Please round your answer to nearest tenth of one percent.
Business
1 answer:
jonny [76]3 years ago
6 0

Answer: 52.8%

Explanation:

The mark-up is simply referred to as the amount that is been added to the cost price of a particular good or service so that the profits and the overheads can be covered.

Based on the information given in the question, the mark up in terms of dollars would be calculated as:

= 15800 × 112%

= 15800 × 1.12

= 17696

The sale price will therefore be:

= 15800 + 17696

= 33496

The percent markup based upon the sale price would be:

= 17696/33496

= 52.8%

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Exercise C The marketing department of Specialty Coffees estimates the following monthly demand for espresso in these four price
SIZIF [17.4K]

Answer:

It should price the espresso at $1.25

Explanation:

\left[\begin{array}{ccccc}&D1&D2&D3&D4\\$Sales Price&1&1.25&1.5&1.75\\$Variable Cost&0.25&0.25&0.25&0.25\\$Margin&0.75&1&1.25&1.5\\$Quantity&9,000&8,000&6,000&4,000\\$Contribution&6,750&8,000&7500&6,000\\$Fixed Cost&3,000&3,000&3,000&3,000\\$Income&3,750&5,000&4,500&3,000\\\end{array}\right]

The best Income is generated at the price of 1.25 dollar

Therefore, this is the amount to Specialty Coffees set for espresso.

6 0
3 years ago
resented below is information from Perez Computers Incorporated. July 1 Sold $20,000 of computers to Robertson Company with term
Licemer1 [7]

Answer:

Journal entries

Explanation:

The journal entries are as follows

On July 1      

Accounts receivable $20,000  

            To Sales revenue  $20,000

(Being the sales is recorded)

On July 10

Cash $194,00  

Sales discount $600        ($20,000 × 3%)

         To Accounts receivable   $20,000

(Being the sale is recorded)

On July 17

Accounts receivable $200,000  

            To Sales revenue  $200,000

(Being the sales is recorded)

On July 30

Cash $200,000  

          To    Accounts receivable  $200,000

(Being the amount received is recorded)

4 0
3 years ago
The ABC Company sells plastic model cars in retail stores primarily to hobbyists. It has decided to modify the cars’ exterior pa
Nata [24]

Answer:

The correct answer is letter "B": target market.

Explanation:

The target market represents the potential consumers of a good or service. If ABC company changes the packaging of its plastic model cars to attract more discerning buyers they are focusing on attending other consumer preferences not necessarily implying that the previous customers will decline to purchase the plastic model cars in the new presentation.

6 0
3 years ago
The Place has been consistently ranked as the most popular fast food restaurant in the city thanks to the excellent culinary ski
zhannawk [14.2K]

Answer: Human resources.

Explanation:

Competitive advantage of a business is the key qualities a business possesses, that makes the business products more desirable to the consumers than that of it's competitors in the market.

The Competitive advantage, The Place has over it's competitors is it's talented human resources.

8 0
3 years ago
In the context of Camp Bow Wow, which of the following is likely to be affected and shaped by founder Heidi Ganahl's inspiration
marishachu [46]

Answer:

c.Internal environment

Explanation:

internal environment refers to the culture, members, events and factors within an organization that has the ability to influence the decisions of the organization.

Organizational Culture is affected by the influence of the founder leader

4 0
3 years ago
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