1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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%

You might be interested in
if an organization (school, campus, or house of worship) wishes to prepare and plan for mass casualty incidents, an effective ap
Brilliant_brown [7]

An organization (school, campus, or house of worship) wishes to prepare and plan for mass casualty incidents. Work with community partners to create a plan that includes protective actions to reduce vulnerabilities, response actions to minimize negative consequences, and post incident actions to promote community recovery. Hence, Option A is correct.

<h3>What are community partners?</h3>

Community partners are those who work in partnership towards the completion of the same goal. They work with the relationship in which a worker forms a relationship with another service provider.

It is a kind of informal support that a person gets from family, friends, co-workers, and many more. If it is a formal agreement, then it is between two agencies that share the same client.

Thus,  Option A is correct.

Learn more about community partners from here:

brainly.com/question/15083204

#SPJ4

The complete question is attaché in text form:

Situation: An organization (school, campus, or house of worship) wishes to prepare and plan for mass casualty incidents. Select the most effective approach from the options below:

A. Work with community partners to create a plan that includes protective actions to reduce vulnerabilities, response actions to minimize negative consequences, and post incident actions to promote community recovery.

B. Use an existing plan from a comparable organization in another district or state, being careful to select an organization that has experienced a mass casualty incident in the past.

C. Rely on internal staff to create a plan for protecting the organization from attacks, and then present the finished plan to local officials and response agencies for approval.

D. Request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization.

8 0
2 years ago
Price and Output data over a five year period for an economy that produces only one good. Assume that year 2 is the base year. Y
olasank [31]

Answer:

$90

Explanation:

Nominal GDP is GDP calculated using current year prices.

Nominal GDP = current year prices x unit of output

18 x $5 = $90

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

7 0
3 years ago
"Choose your favorite financial institution: bank or credit union. Are the Financial Statements available online? How do they co
tamaranim1 [39]

Answer:

I have selected Standard Chartered Bank which is one of the leading banks in the world. It has more than 1200 branches across 70 countries in the world. The head quarter of the bank is in the city of London, England.

The financial statements of the banks are available online. These financial statements are compared with similar other banks or industry averages to analyse the performance of the bank.

Explanation:

Standard Chartered is one of the finest bank in the world. The banking sector has been always striving to serve people better and standard chartered has made this possible. The financial statements of the bank are available online. One can easily go to the banks website of their respective country and click the about us tab. Then in the about us tab there is detail about company operations and their mission vision statements along with free and complete access to financial statements.

4 0
3 years ago
When the Lego Movie was released to movie​ theaters, the intent was not necessarily to sell more​ Legos, but the firm did ha
Harman [31]

Answer:

The correct answer is the option B: branded.

Explanation:

To begin with, the term of <em>branded content</em>, in the field of marketing, refers to the practice that focuses in the creation of multimedia content that is funded or outright produced by and advertiser and whose main purpose is to give a message of the values of the company in the content created.

Secondly, the case of Lego is an example of branded content due to the fact that the company did not want to sell more products but instead <u>wanted to create a content that shows the values of the company such as imagination, being oneself and having fun</u>.

3 0
4 years ago
In a bottom-up approach, managers should have a ________ level of controllability and a ________ level of involvement in budget
xeze [42]

In a bottom-up approach, managers should have a high level of controllability and a high level of involvement in budget setting.

<h3>What is a bottom-up budget approach?</h3>
  • Bottom-up budgeting is a method of creating budgets that begins at the departmental level and works its way up.
  • Each department within the organization must create a list of the supplies it requires, the projects it intends to complete throughout the upcoming fiscal year, and cost projections.

<h3>What is top-down and bottom-up budgeting?</h3>
  • Departments must create budgets in top-down planning while adhering to the limitations imposed by senior leadership.
  • Departments produce their own budget estimates and submit them to top leadership in a bottom-up budget.
  • The two strategies are the two types of budgeting that are most frequently used.

<h3>What is bottom-up approach in accounting?</h3>
  • Bottom-up forecasting is a technique for predicting an organization's future performance by beginning with basic company information and moving "up" to revenue.
  • This strategy begins with thorough customer or product data before expanding to revenue.

Learn more about bottom-up approach here:

brainly.com/question/19672423

#SPJ4

5 0
2 years ago
Other questions:
  • Fancy Cat Products has a project that will cost $241,000 today and will generate monthly cash flows of $5,730 for the next 55 mo
    8·1 answer
  • The inventory of Royal Decking consisted of five products. Information about the December 31, 2021. Inventory is as follows:
    7·1 answer
  • If your seller cost is $8.00 and the price ceiling is $7.00, you will:
    10·1 answer
  • A loan of $5,000 is charged a 12% annual interest rate. An $80 payment is made each month. a. Write a recurrence relation for th
    11·1 answer
  • How can a country's stock exchange help people to save and invest in money
    9·1 answer
  • 5 years ago,an individual has invested $10,000 in aninvestment trust. Over those years, the trust has distributed $2,000, consis
    7·1 answer
  • A country recently experienced a drop in consumer purchases and a rise in business inventories of durable goods. Wages grew slow
    13·1 answer
  • The following is the disadvantage of using a telephone?​
    10·2 answers
  • Which of the following describes a move away from capitalism?
    8·1 answer
  • A company's Cash account shows an ending balance of $4,600. Reconciling items included a bookkeeper error of $105 (a $525 check
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!