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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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Jorge Company had the following transactions during 2017. • Sales of $4,500 on account • Collected $2,000 for services to be per
Dennis_Churaev [7]

Answer:

Ne Income 425

Explanation:

Revenue                 2000

Salaries                  1325

Travel expenses   250

Net Income           425

The cash basis is a method of recording accounting transactions for revenue and expenses only when the corresponding cash is received or payments are made

8 0
3 years ago
If the opportunity cost of manufacturing machinery is lower in the United States than in Britain and the opportunity cost of man
kogti [31]

Answer:

.a. import sweaters from Britain and export machinery to Britain.

Explanation:

A lower opportunity cost of manufacturing a particular goods means that a country uses fewer inputs in production compared to other nations.  The country can produce more quantities of the product using similar factors of production. A lower opportunity cost in manufacturing will make a country's output cheaper compared to when that product is manufactured in other nations.

Varying production costs form the basis of international trade. A County imports commodities that are produced cheaply elsewhere and exports the goods it can manufacture at a lower cost. The united states can produce machinery at a lower cost than Britain.  Britain will be prudent to import machinery from the united states rather than produce.  Britain produces sweaters using fewer inputs that the US. The US will find importing  sweaters from Britain more economical compared to manufacturing.  

3 0
3 years ago
Refer to the scenario below to answer the following question(s).Bryant and Anne are the owners of the Good Green Grocer, a small
nasty-shy [4]

Answer: deceptive pricing

Explanation:

       Overall, the answer could be deduced from the defenitions of those terms.

We can surely exclude green washing, which basically means that the product is sold under "eco", "green" label, when it is not. Puffery is a legal practise, which can not be proven to be true or false; which is clearly not the case in this example.

         Now we are left with three categories of deceptive marketing practices. Deceptive packaging means that the product does not fit the image peceived from its package. This might be the design, the size, the picture of the product, etc. Deceptive promotion means that the information on the ads is inaccurate, partly withhold, or false.  Deceptive pricing means that the seller offers the product at lower price. This can be done by  promoting low price for low-in-stock or out-of stock items and then offering the substituent products of the same category, which are surely more expensive.

7 0
3 years ago
At the end of the day Stuart has to record the totals the total amount owed for all purchases is $1365. The amount of cash in th
Wewaii [24]

Answer: first off make it much clearer if you have all this money there is no tab with 345 in the register the owed amount is 1020 then the total number of 300 cash drops was two then that six hundred less so 420 then with the 640 there would be no tab but an over cash flow.

This question needs to be fixed

Explanation:

3 0
3 years ago
The CPI of a country in October is given to be 210. In November, the CPI rises to 220. What is the rate of inflation from Octobe
Aleks [24]

The rate of inflation is 4.8%.

Given that,

  • The CPI of a country in October is given to be 210. In November, the CPI rises to 220.

Based on the above information, the calculation is as follows:

= (220 - 210) ÷( 210)

= 4.8%

Learn more: brainly.com/question/17429689

5 0
2 years ago
Read 2 more answers
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