The use of technological advances can be a great help to Sarah and Stephanie in making their business as orderly and as organised as possible. Therefore, they must invest in a software program that could do the job for them. This could significantly lessen their work on managing their business.
Answer:
the ending balance of the investment account is $870,000
Explanation:
The computation of the ending balance of the investment account is shown below:
= Beginning balane + [(earns - dividend) × (owns shares ÷total shares)]
= $750,000 + [($1,200,000 - $960,000) × (20,000 ÷ 40,000)]
= $750,000 + $120,000
= $870,000
Hence, the ending balance of the investment account is $870,000
Answer:
The price of a Dinner= $6.22
Explanation:
<em>Mark-up is the proportion of the product cost which is expected to be made as profit. In other words, it is profit expressed as a percentage of product cost.</em>
To account for the spoilage rate of 10%, $3.50 unit cost would be consider as 90% of the cost. Thus, 100% of the cost would be given as follows:
Dinner cost = 100/(100-10)× 3.50= 3.89
The price of a Dinner = product cost + 60% of product cost
The price of a Dinner = 3.89 + 60%*3.89= $6.22
The price of a Dinner= $6.22
