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Vesnalui [34]
3 years ago
6

A furniture dealer purchased a desk for $150 and then set the selling price equal to the purchase price plus a markup that was 4

0 percent of the selling price. If the dealer sold the desk at the selling price, what was the amount of the dealer’s gross profit from the purchase and the sale of the desk?
Business
1 answer:
Degger [83]3 years ago
4 0

Answer:

$60

Explanation:

If the cost price of a item is $150 and the mark up is 40% then it follows :

$150 × 1.4 = $210

$210 - $150 = $60

We multiply by 1.4 because 1 represents the full purchase price of the desk and 0.4 represents the mark up of 40%.  

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Knight Company reports the following costs and expenses in May.
Marina86 [1]

Answer:

A. Consider all indirect manufacturing costs

B. Consider all manufacturing costs

C. Consider non manufacturing costs

Explanation:

A) Manufacturing overhead.

Consider all indirect manufacturing costs

B) Product costs.

Consider all manufacturing costs

C) Period costs.

Consider non manufacturing costs

4 0
2 years ago
Retained earnings $52,000 Accounts Payable $15,000 Supplies 37,000 Common stock 25,000 Equipment 72,000 Note payable (due in 18
Naddika [18.5K]

Answer:

$22,000

Explanation:

Current liabilities are debts that a company must pay within a twelve month period.

This company's current liabilities are:

  • Accounts payable  $15,000
  • Interest payable  $7,000

Total current liabilities = $15,000 + $7,000 = $22,000

Since the note payable is due in 18 months, it is not considered a current liability.  

8 0
3 years ago
Using college students as the market segment, describe the most relevant reference group(s) and indicate the probable degree of
Sergio039 [100]

Answer and Explanation:

A. Toothpaste brand: Toothpaste is a commonly used, inexpensive, and very popular product. These decisions are governed mainly by the reference group such as family , friends or primary group with whom a student has regular face to face experiences. Hence the purchase decision is affected by a low degree of comparison community.

B. Buying a hybrid car: A hybrid car is sometimes described as expensive and luxury products. It's moreover a non-necessity commodity for a college student. These decisions are therefore usually affected by secondary community. And a high degree of control in the comparison community will only inspire a student to buy a car.

C. Buying cereal for breakfast: This is a simple requirement of a lifetime. Therefore, even without consulting any reference group a student can buy such product. Often such transactions are rules by family group control. So it needs a low degree of control.

D. Becoming a vegetarian: It takes a high degree of influence and motivation to become a vegetarian.

Thus the aspirational group influences a student. So they opt for vegetarianism to become part of such a community. Such decision taking involves a high degree of control.

E. Option of a computer tablet like the iPod: these products are a luxury commodity sold at regular prices. Typically refer to their families , friends, magazines before making a purchase student to get an idea about the output and price of these products. These goods are the weak product with a strong brand and a strong purchase is controlled by a strong reference community impact.

4 0
3 years ago
now suppose that the government immediately pursues an accommodative policy by increasing government purchases in response to th
alisha [4.7K]

now suppose that the government immediately pursues an accommodative policy by increasing government purchases in response to the short run economic impact of the higher oil prices <u>The output will be $billion and the price level will increase.</u>

<h3>What is accommodative policy?</h3>

When a central bank (like the Federal Reserve) tries to increase the general money supply to support the economy when growth is stalling, this is known as accommodating monetary policy, often known as loose credit or easy monetary policy (as measured by GDP). The goal of the policy is to allow the money supply to increase in step with both the demand for money and national revenue.

  • The expansion of the money supply by central banks to stimulate the economy is known as accommodating monetary policy.
  • The Federal funds rate has been decreased as part of monetary policies that are deemed accommodating.
  • The goals of these policies are to lower the cost of borrowing money and boost consumer spending.

To learn more about accommodative policy from the given link:

brainly.com/question/14245561

#SPJ4

<h3><u /></h3>
4 0
1 year ago
You want to ctegsosit $15,00na bank at an interest rate of 7 percent per year What is the uture vale of this money after three y
Svetlanka [38]

Answer:

A $18, 375.63

Explanation:

The amount to be deposited is $15,000

Interest rate is 7 percent

time is 3 years

the future value will be; the applicable formula

A = p x ( 1 + r) ^n

A = $15,000 x ( 1 + 7/100) ^ 3

A= $15,000 x 1.225043

A=$18,375. 64

6 0
2 years ago
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