1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alik [6]
3 years ago
5

Xavi is a painter of landscapes and seashore portraits. He works outside and has no overhead or fixed costs such as a studio. In

a typical year, it costs him $201 in canvas, paints and brushes per painting. This year he sold 322 pictures at a price of $244 each. What is Xavi's percentage markup
Business
1 answer:
mixer [17]3 years ago
3 0

Answer:

Markup= 17.62%

Explanation:

Giving the following information:

In a typical year, it costs him $201 in canvas, paints, and brushes per painting. This year he sold 322 pictures for $244 each.

<u>To calculate the markup percentage, we need to use the following formula:</u>

<u></u>

Markup= [(selling price - unitary cost) / selling price]*100

Markup= [(244 - 201)/244]*100

Markup= 17.62%

You might be interested in
If you have to reject a job offer because it isn't what you wanted, what is the best step to take?
BartSMP [9]
C because it is the the answer
4 0
3 years ago
Read 2 more answers
On December 31, before the closing entries, the following information is available for Jones Company: Service Revenue $10,000 To
madreJ [45]

Answer:

$15,000

Explanation:

Closing retained earnings is the accumulated value of an entity`s profit reserve from its earnings from  both current and past accounting periods.Closing retained earnings is calculated by deducting dividend paid from earnings after tax of the current year and adding the balance to opening retained earnings.

= Opening retained earnings + (Earnings after tax   -  Dividend paid)

Based on the information supplied, the closing retained earnings will be:

                                                                              $

Service Revenue                                                10,000

Total Expenses                                                  (6,000)

Operating profit                                                  4,000

Dividend                                                           <u>  (1,000)</u>

Retained Earnings                                              3,000

Retained Earnings b/f                                      <u>   12,000</u>

Closing Retained Earnings                            <u>     15,000</u>

Note: No information in regard of tax, so the operating profit is used as profit after tax.

8 0
3 years ago
A company reported total equity of $145,000 at the beginning of the year. The company reported $210,000 in revenues and $165,000
Allushta [10]

Answer:

e. $ 282,000

Explanation:

To determine the assets of the company at year end, we need to find the equity at year end, this is calculated as follows:

Opening Equity                                                      $ 145,000

Net Income for the year                                        $ 45,000

Revenues     $ 210,000

Expenses     $ 165,000

Equity at end of year                                            $  190,000

The accounting equation is

Assets = Liabilities + Stockholders' Equity

Assets = $ 92,000 + $ 190,000                           $ 282,000

4 0
3 years ago
According to the mini-lecture and text, ___ % of a manufacturer's profit comes from repeat purchases and as a result this is why
r-ruslan [8.4K]

<u>90% </u>of a manufacturer's profit and income comes from repeated purchases from returning customers.

<h3>What is Lifetime Customer Value (LCV)?</h3>

Lifetime Customer Value is the entire contribution of a customer to a brand or business enterprise over the course of their relationship.

It's an essential metric since keeping returning customers requires less than acquiring new ones, thus improving the value of your existing customers is an excellent strategy to generate growth and profit.

Therefore, we can conclude that <u>90% </u>of a manufacturer's profit and income comes from repeated purchases from returning customers.

Learn more about Lifetime customer value here:

brainly.com/question/26483324

8 0
2 years ago
Disclosure notes to a company's financial statements:
puteri [66]

Answer:

(A) Are an integral part of a company's financial statements.

Explanation:

The company financial statement involves income statement, statement of stockholder equity, balance sheet, and the cash flow statement

The disclosure notes contain the important facts and figures which are required to disclose it as it reveals the crucial information which might change the decision of the users and it cannot be shown elsewhere in the financial statement

4 0
3 years ago
Other questions:
  • ___________ is the stage of new-product development that involves promoting a product to distributors, and developing advertisin
    15·1 answer
  • Which type of franchising involves a franchisor licensing a franchisee to sell specific products under the​ franchisor's brand n
    13·1 answer
  • Which of the following statements is true of entrepreneurs?
    8·2 answers
  • Credit cards are different from debit cards because
    11·1 answer
  • The balance in the supplies account before adjustment at the end of the year is $868. The proper adjusting entry if the amount o
    8·1 answer
  • Sidney took a $150 cash advance by using checks linked to her credit card account. The bank charges a 2 percent cash advance fee
    8·1 answer
  • Which marketing metric measures the percentage of the target market that has been exposed to a promitonal message at least once
    8·1 answer
  • Hich pricing strategy involves setting a high price for an exclusive, high-end product?
    13·1 answer
  • Assume a company makes only three products, B, C, and D:
    8·1 answer
  • You have set up an appointment for an in-home sales presentation with mrs. Fernandez, who expressed interest in the medicare pla
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!