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2 years ago

A store buys an item for $50 and marks it up 100%. What is the price?

Business

1 answer:

rosijanka [135]2 years ago

6 0

The price of the item is $100. They are doubling the price.

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The following data relate to product no. 89 of Mansion Corporation: Direct material standard: 4 square feet at $2.80 per square

chubhunter [2.5K]

Answer:

Direct material quantity variance= $1,400 unfavorable

Explanation:

Giving the following information:

Direct material standard: 4 square feet at $2.80 per square foot

Direct material purchased: 34,000 square feet at $3.20 per square foot

Direct material consumed: 32,900 square feet

Manufacturing activity: 8,100 units completed

We need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 8,100 units*4= 32,400 feet

Actual quantity= 32,900

Direct material quantity variance= (32,400 - 32,900)*2.8= 1,400 unfavorable

3 0

3 years ago

A business initially sells their product to customers for $50. They find that many people are buying their product so they rise

pav-90 [236]

Answer: It will reduce in demand

Explanation: If you raise a price customers are less likely to buy it when it’s at a higher price

8 0

3 years ago

Present value is: a. The future value of a current amount of money evaluated at a given interest rate. b. The current value of a

pogonyaev

Answer:

Explanation:

Present value is calculated as the discounted sum of either a fixed amount or a series of payments in the future, at a given interest rates.

For example, at an interest of 5%, $100 in 10 years will be valued at $100 / 1.05^10 = $61.39 today

3 0

3 years ago

Read 2 more answers

Vanvalkenburg, Inc., manufactures and sells two products: Product Q5 and Product J0. The company has an activity-based costing s

Nata [24]

Answer:

c. $88.17 per order

Explanation:

The computation of the activity rate for the production order is shown below:

Activity rate = Production orders ÷ order size

where,

The Production order is $70,536

And, the order size is 800

Now placing these values to the above formula

So, the activity rate is

= $70,536 ÷ 800 order size

= $88.17 per order

We simply applied the above formula so that the activity rate could come

4 0

3 years ago

In eight years, when he is discharged from the Air Force, Steve wants to buy a $30,000 power boat. Click here to view Exhibit 12

IceJOKER [234]

Answer:

The correct answer is:

(1) $15,054

(2) $12,990

Explanation:

The required table is not given in the question. Please find below the attachment of the table.

Given:

Future value,

= $30,000

If discounting rate is 9%, the present value will be:

= $Future \ value\times PV \ factor(9 \ percent, 8 \ years)$

= $30000\times (\frac{1}{1.09} )^8$

= $30000\times 0.5018$

= $15,054$ ($)

If discounting rate is 11%, the present value will be:

= $Future \ value\times PV \ factor(11 \ percent, 8 \ years)$

= $30000\times (\frac{1}{1.11} )^6$

= $30000\times 0.433$

= $12,990$ ($)

8 0

3 years ago