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3 years ago

What is a standard mark up

2 answers:

6 0

Answer:Standard markup is a fast and easy method to figure out how much you should charge for your goods or services. Standard markup boils down to one simple formula: actual cost + markup = price. For example, it might cost you $3 in ingredients to make a sandwich.

Explanation:

Delvig [45]3 years ago

3 0

Standard markup is a fast and easy method to figure out how much you should charge for your goods or services. Standard markup boils down to one simple formula: actual cost + markup = price. As a small-business owner, you can use standard markup to get an idea of what you should be charging for your items.

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Regina finds a new car costing $25,000 and a used car costing $17,000. Which car will have higher insurance premiums and why?

GaryK [48]

The used car will have higher insurance premiums because there is a higher chance that it will malfunction and that they will have to pay for your expenses. A new car is cheaper when it comes to premiums because it is expected to last and the insurance companies are safer in this regard.

3 0

3 years ago

If a typical firm in a perfectly competitive industry is earning profits. True or False

Gwar [14]

Answer:

The answer is True.

Explanation:

Because, then new firms will enter in the long run causing market supply to decrease, market price to fall , and profits to decrease.

6 0

3 years ago

Which of the following is most likely to be considered a profit center?

likoan [24]

Answer:

A. The grocery department of a Walmart Supercenter or Target Superstore

Explanation:

A profit center is a type of business where the business is expected to make into valuable contributions, a profit center can be treated as a separate business of the company.

The profits and losses for that center are calculated separately. Examples of profit centers include the store, sales organization, or consulting organization.

3 0

3 years ago

The company is currently selling 5,000 units per month. Fixed expenses are $243,000 per month. The marketing manager believes th

REY [17]

Answer:

If the company decides to increase its advertising budget, its net profits will decrease by $200 (= $56,800 - $57,000).

Explanation:

The company is currently selling 5,000 units per month at $150 per unit, and its total variable costs are $90 per unit.

Fixed expenses are $243,000 per month.

Current income statement:

sales revenue = $750,000

minus variable costs = ($450,000)

minus fixed costs = ($243,000)

net income = $57,000

If the company increases its advertising budget be $11,000 it should sell 180 more units per month, the new income statement would be:

sales revenue = $777,000

minus variable costs = ($466,200)

minus fixed costs = ($254,000)

net income = $56,800

If the company decides to increase its advertising budget, its net profits will decrease by $200 (= $56,800 - $57,000).

7 0

3 years ago

Question: According to a Honda press release on October 23, 2006, sales of the fuel-efficient four-cylinder Honda Civic rose by

inysia [295]

<h2>Answer:</h2><h2>i don't know </h2>

Explanation:

<h2>because im a grade 3 </h2>

4 0

3 years ago