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3 years ago

A wool suit, discounted by 60 % for a clearance sale, has a price tag of $ 620. What was the suit's original price?

Business

1 answer:

never [62]3 years ago

6 0

Answer:

$1,550

Explanation:

Given that

Price tag = $620

Discount percentage = 60%

By taking the information,

The computation of the suit original price equal to

= Price tag ÷ (1 - discount percentage)

= $620 ÷ (1 - 0.60)

= $620 ÷ 0.40

= $1,550

Therefore, the suit original price is $1,550 after considering the discount percentage and the price tag.

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Financial Statements of a Manufacturing Firm The following events took place for Sorensen Manufacturing Company during January,

Yakvenalex [24]

Answer:

Required a.

<u>January income statement for Sorensen Manufacturing Company</u>

Sales $1,200,000

Less Cost of Sales ($675,000)

Gross Profit $525,000

Less Expenses :

Selling expense ($215,000)

Administrative expense ($125,000)

Net Income / (Loss) $185,000

Required b.

Work In Process Inventory = $120,000

Finished Goods Inventory = $85,000

Explanation:

<u>Manufacturing Cost Schedule (</u>Determination of Work In Process Inventory)

Direct Materials $180,000

Indirect Materials ($250,000 - $180,000) $70,000

Direct Labor $450,000

Factory Overheads $180,000

Total Cost of Goods Manufactured $880,000

Less Transferred to finished goods ($760,000)

Closing Work In Process Inventory $120,000

<u>Finished Goods T- Account (</u>Determination of Finished Goods Inventory)

<u>Debit :</u>

Transferred from Work In Process $760,000

Totals $760,000

<u>Credit:</u>

Trading Account $675,000

Ending Finished Goods Inventory $85,000

Totals $760,000

7 0

4 years ago

which type of exporting has the least amount of commitment and risk but will probably return the least profit

marshall27 [118]

Answer: Indirect Exporting

Explanation:

Indirect exporting describes a scenario where an entity exports to another country through an intermediary. They essentially sell to this intermediary and this intermediary then sells to consumers in other countries.

Much like investment banks underwriting stock, this type of exporting has very little risk and commitment attached because it simply involves one selling everything to an intermediary. The company exporting has therefore absolved itself of further risk which will then be incurred by the intermediary. t

The intermediary will however buy the goods at a discount due to the risk they take on. As a result, this gives less profit.

4 0

3 years ago

Read 2 more answers

An eligible employee may take unpaid leave under the Family and Medical Leave Act for family or medical reasons, or in certain s

Aliun [14]

An eligible employee may take unpaid leave under the Family and Medical Leave Act for family or medical reasons, or in certain situations for military service: TRUE

<h3>What is unpaid leave?</h3>

Unpaid leave is time away from work during which an employee keeps their job but is not paid.
Employees in the United States are permitted to take unpaid absences for the following reasons: self-care involves a significant health condition.
There's a family emergency.
Parental leave for childbirth or adoption.

<h3>Purpose of Family and Medical Leave Act:</h3>

Under the Family and Medical Leave Act, an eligible employee may take unpaid leave for family or medical reasons, or under certain circumstances, for military service.

Therefore, the statement "an eligible employee may take unpaid leave under the Family and Medical Leave Act for family or medical reasons, or in certain situations for military service" is true.

Know more about the Family and Medical Leave Act here:

brainly.com/question/4014104

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4 0

2 years ago

You have $5,000 to deposit. Regency Bank offers 15 percent per year compounded monthly (1.25 percent per month), while King Bank

aliya0001 [1]

Answer:

Regency Bank

A = $98577.46

king Bank

A = $81832.68

Explanation:

Given Data:

principle amount =$ 5000

rate of interest = 15%

n =12 {compounded months}

t = 20 year

for Regency Bank

investment amount obtained as

$A =P\times [1 + \frac{r}{n}]^{nt}$

$A = 5000 [1 + \frac{0.15}{12}]^{12\times 20}$

A = $98577.46

for King Bank

Investment amount obtained as

$A =P\times [1 + \frac{r}{n}]^{nt}$

Here n = 1

$A = 5000 [1 + \frac{0.15}{1}]^{1\times 20}$

A = $81832.68

3 0

3 years ago

Help me please, i’ll give brainliest and 15 points!!!!

ziro4ka [17]

^ haha wait really dang

7 0

3 years ago

A wool​ suit, discounted by 60 % for a clearance​ sale, has a price tag of $ 620. What was the​ suit's original​ price?

A wool suit, discounted by 60 % for a clearance sale, has a price tag of $ 620. What was the suit's original price?