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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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The purposes of the statement of cash flows are to A. predict future cash flows. B. evaluate management decisions. C. determine
Temka [501]

Answer:

D. All of the above

Explanation:

A statement of cash flows is also known as cash flow statement and it is a financial statement which is used to illustrate how changes in income and various account of the balance sheet affect cash and cash equivalents.

The statement of cash flows is also used by financial experts or accountants to breakdown the cash-flow analysis into;

1. Cash-flow from operating activities: it represents cash-flow and transactions from operational business activities such as employee salary, sales of goods etc.

2. Cash-flow from investing activities: it represents the cash flow from investment such as proceeds from the sale of plant, equipments etc.

3. Cash-flow from financing activities: it represents the cash flow from debt or equity. Basically, the costs used in a financing a business.

<em>The purposes of the statement of cash flows are to;</em>

A. Predict future cash flows.

B. Evaluate management decisions.

C. Determine ability to pay debts and dividends.  

4 0
3 years ago
Suppose that at prices of $1, $2, $3, $4, and $5 for product Z, the corresponding quantities supplied are 3, 4, 5, 6, and 7 unit
klio [65]

Answer:

A.

Explanation:

An improve in technology will allow firms to produce in an effective way therefore, with the same resources, firms will produce more units. This will cause an increase in total supply: at the same price, firms will offer more units. In this case, at prices $1, $2, $3, $4 and $5 the new quantities will be 6,8,10,12. In the demand and supply graph, this looks as shift to the right of the supply curve (figure attached).

It is not option B because the problem says increase in quantities "at these prices". It is not option C because an increase in taxes will increase costs of production, thus firms will decrease units of production. It is not option D because changes in income will affect demand.

4 0
3 years ago
Is 6ixnine getting out of jail this year?
Alborosie

tbh idk some people has said he escaped others say hes still in there but whatever it is he needs to make another album.

4 0
3 years ago
Read 2 more answers
How frequently is a firm required to notify customers regarding how to access brokercheck®?
lara31 [8.8K]

<u>Annually,</u> a firm is required to notify customers regarding how to access BrokerCheck®.

FINRA member firms are required to annually give each of their clients the phone number and website address for BrokerCheck in writing, in accordance with FINRA Rule 2267 (Investor Education and Protection). Additionally, they must yearly notify their clients of the availability of an investor brochure that contains detailed information about BrokerCheck.

What is FINRA or Financial Industry Regulatory Authority's BrokerCheck? It is a free online resource for researching brokers, investment companies, and financial advisors. Investors can find a wide range of information that may be useful in the selection and vetting of a specific financial advice provider or brokerage firm.

Learn more about FINRA rules here: brainly.com/question/26030495

#SPJ4

4 0
2 years ago
There are 4 households in a locality. The annual income of the first household is $20,000, the annual income of the second house
11Alexandr11 [23.1K]

Answer:

regressive

Explanation:

A regressive tax is basically a tax whose rate increases as your income decreases. Generally you do not need to increase the marginal tax rate of lower income levels, all you need to do is have a flat tax that taxes everyone with the same amount. E.g. everyone pays $2,000 as income taxes. $2,000 per person represents 10% of the first household's income, but it only represents 2.7% of the fourth household's income.

On the other hand, progressive taxes increase as the income level of the taxpayers increases.

8 0
3 years ago
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