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Alinara [238K]
3 years ago
13

A company sold garden hoses at a reduced price of ​$7.54 and took an​ end-of-season markdown of ​$11.45. What was the original s

elling price of each​ hose? Use the formula Upper M equals Upper S minus Upper N​, where M is the​ markdown, S is the original selling​ price, and N is the reduced price
Business
1 answer:
Vitek1552 [10]3 years ago
3 0

Answer:

The original selling price would be $ 18.99

Explanation:

Given formula is,

M = S - N

Where,

M = markdown,

S = original selling price,

N = reduced price

Here,

M = $ 11.45, N = $ 7.54,

By substituting the values,

11.45 = S - 7.54

⇒ S = 11.45 + 7.54 = 18.99

Hence, the original selling price of the house is $ 18.99

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A single database that collects data and feeds it into applications that support each of the company's business activities, such
Montano1993 [528]

Answer:

a) true

Explanation:

The Enterprise resource planning system is a single database that helps to collect data and feed into applications with a motive to support the various business activities like - purchases, production, distribution, sales, marketing, finance, human resource, information technology, etc

The aim of this system is to conduct each and every business activity in an effective and efficient manner so that each one can share the database so that tracking could be done that helps to reduce the time and cost.

4 0
3 years ago
The Levi Company issued $100,000 of 12% bonds on January 1 of the current year at face value. The bonds pay interest semiannuall
lesya [120]

Answer:

$120

Explanation:

Interest Expense on the Bonds payable is the coupon payment plus any amortized discount. As in this question there is no amortized discount because the bonds are issued on the par value.

As er given data

Face Value = $100,000

Coupon payment  = $100,000 x 12% = $120 annually = $60 semiannually

Interest Expense for the year = Interest Paid on June 30 + Interest Paid on December 31

Interest Expense for the year = $60 + $60 = $120

7 0
3 years ago
This scenario is an example of how a shift in demand can be created by---
tester [92]

Answer:

D

Explanation:

I got this answer due to how the costumer preference had nothing to due with the price

4 0
3 years ago
Xpo Center Inc. and Festival Music LLC have an executory contract. They agree to rescind it and simultaneously enter into a new
NeX [460]

An executory agreement exists between Festival Music LLC and Expo Center Inc. They consent to cancel it and sign a new agreement at the same time. The new contract will probably be invalid if the earlier one was subject to a preceding responsibility.

The promise may be prevented from contesting the legality of the contract if the promisee can prove that they properly relied on the promise. Under the law of fraud, agreements that are made in writing and include the signatures of all parties are regarded as valid.

The majority of nations have laws that forbid minors under the age of 18 from signing legally binding contracts. A minor who enters into a contractual contract has the legal right to choose whether or not to abide by its conditions. There are, however, a disproportionately large number of severe cases.

To learn more about agreement

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6 0
1 year ago
The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,460,000, $152,000 in the common stock account,
MakcuM [25]

Answer:

$650,000

Explanation:

For the computation of operating cash flow first we need to follow some steps which are shown below:-

Step 1

Cash flow of creditors = Interest paid + Long term debt 2015 - Long term debt 2016

= $100,000 + $1,460,000 - $1,700,000

= -$140,000

Step 2

Cash flow to stockholders = Dividend paid + Common stock 2015 + Additional paid in surplus account 2015 - Common stock 2016 - Additional paid in surplus account 2016

= $157,000 + $152,000 + $2,770,000 - $162,000 - $3,070,000

= -$153,000

Step 3

Cash flow from assets = Cash flow of creditors + Cash flow to stockholders

= -$140,000 -$153,000

= -$293,000

and finally

Operating cash flow = Net capital spending + Changes in net working capital - Cash flow from assets

= -$137,000 + $1,080,000 - $293,000

= $650,000

We simply applied the above formulas

5 0
3 years ago
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