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DENIUS [597]
3 years ago
6

Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinc

ed that it needs a 45% markup based on cost. The most that Ski Market can pay to its supplier for the snowboards is:
Business
1 answer:
xenn [34]3 years ago
3 0

Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinced that it needs a 45% markup based on cost. The most that Ski Market can pay to its supplier for the snowboards is $71.49.

Explanation:

  • people will pay for the snowboards is $129.99.
  • Ski Market is convinced that it needs a 45%
  • The most that Ski Market can pay to its supplier for the snowboard is
  • = \frac{129.99}{100}×45
  • =$ 58.5
  • =129.99 ±58.5
  • = $71.49
  • Therefore,  Ski Market can pay to its supplier for the snowboards is $71.49.

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a

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On January 1, 2021, Strato Corporation borrowed $2 million from a local bank to construct a new building over the next three yea
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Answer:

Period                           Installment    Interest Paid   Capital Paid   Balance

January 1, 2021                                                                                $2,000,000

December 31, 2021       $776,067       $160,000         $616,067    $1,383,933

December 31, 2021       $776,067         $110,715         $665,352       $718,581

December 31, 2021       $776,067         $57,486          $718,581                     0

Explanation:

<u>Step 1</u>

First clearly identify the parameters of the Loan

PV = $2,000,000

N = 3

PMT = - $776,067

P/YR = 1

i = 8%

FV = $0

<u>Step 2</u>

Since there is no missing parameter, we can then move on to construct our loan amortization schedule.

Period                           Installment    Interest Paid   Capital Paid   Balance

January 1, 2021                                                                                $2,000,000

December 31, 2021       $776,067       $160,000         $616,067    $1,383,933

December 31, 2021       $776,067         $110,715         $665,352       $718,581

December 31, 2021       $776,067         $57,486          $718,581                     0

8 0
3 years ago
The quantity portion of the staffing definition means that organizations must be concerned about staffing levels and their adequ
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The principle of the question is false to my own knowledge from my great great grandpa.
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Answer:

Tariff of 1832

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The Tariff of 1832 was enacted to replace the 1828 import tariffs commonly known as Tariffs of Abomination. Most southern states did not like it, but its greatest opposition came from South Carolina since its economy depended greatly in foreign trade. Back then America's largest export was cotton produced by southern states.

Due to South Carolina's extreme opposition, it was replaced by the Compromise Tariff of 1833. This last tariff would gradually decrease the tax rates until they fell back to 1816 levels, which was approximately 20%.

The Nullification Crisis refers to a legal process carried out in South Carolina that determined that federal taxes, specifically import tariffs were unconstitutional and shouldn't apply to them. The problem is that the Supreme Court decides what is unconstitutional or not, not a state court.

7 0
3 years ago
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