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2 years ago

15

The selling price of an article is equal to the cost of the article plus the markup. The markup on a certain television set is w

hat percent of the selling price?

1 answer:

Karo-lina-s [1.5K]2 years ago

8 0

Answer:

Need futher information in order to calculate the mark up.

Explanation:

Price = Cost + Markup

Mark up % = Markup / Price

None of this data is in the question.

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Murphy Company sublet a portion of its warehouse for five years at an annual rental of $24,000, beginning on May 1, 2010. The te

jeka57 [31]

Answer:

Correct option is D.

Unearned Rent Revenue Dr. $16,000

Rent Revenue $16,000

Explanation:

Provided that rent is received for a period of 1 year that is 12 months on May 1, 2010 amounting $24,000

Thus rent per month = $24,000/12 = $2,000 per month

Provided financial year = Calendar year

thus for the year 2010 rent revenue = 1 May to 31 December = $2,000 $\times$ 8 = $16,000

Since revenue = $16,000 for the year and initially was recorded as unearned rent thus for the year $16,000 should be transferred to rent revenue.

For this entry shall be:

Unearned Rent Revenue Dr. $16,000

To Rent Revenue $16,000

Correct option is D.

7 0

3 years ago

Bramble Corp. purchased land as a factory site for $1305000. Bramble paid $121000 to tear down two buildings on the land. Salvag

AURORKA [14]

Answer:

Part 1

$1,422,940

Part 2

$331,480

Explanation:

cost of the land calculation

Purchase Price $1305000

Cost to tear down building $121000

Sale of Salvages ($8400)

Leagl fees $5340

Total $1,422,940

The cost of the land that should be recorded by Wilson Co. is: $1,422,940

cost of the building calculation

Architect's fees $47000

Insurance $3900

Liability insurance $4200

Excavation cost $15480

city for pavement $9900

Borrowing Costs $251000

Total $331,480

The cost of the building should be recorded by Wilson Co. is $331,480

4 0

3 years ago

If bread is produced by using a constant returns to scale production function, then if the: A) number of workers is doubled, twi

nekit [7.7K]

Answer: Option (C) is correct.

Explanation:

Constant returns to scale production function: When there is an increase in inputs (i.e capital and labor) as a result output increases by the same proportion.

For example: If the amounts of equipment and workers are both doubled in the production of bread then as a result the output of bread also doubled.

Suppose the capital and labor increases by 10% then as a result output also increases by 10%.

5 0

3 years ago

Bank Reconciliation

Karo-lina-s [1.5K]

Answer:

Cash balance according to the bank $23,557.98

+ deposits in transit $12,125.25

- outstanding check N⁰ 124 ($62)

- outstanding check N⁰ 125 ($42)

- outstanding check N⁰ 129 ($1,250)

adjusted bank balance = $34,329.23

Cash account balance $51,596.88

+ note collected by bank $15,250.75

- NSF check ($23,475.40)

- Bank fees ($250)

- Error in recording check N⁰ 125 ($9,000)

adjusted cash account balance = $34,122.23

two errors were detected:

outstanding check N⁰ 125 correct amount is ($24)
bank fees are $25

so the readjusted balances are:

adjusted bank balance = $34,329.23 + ($42 - $24) = $34,347.23

adjusted cash account balance = $34,122.23 + ($250 - $25) = $34,347.23

now both accounts are equal.

5 0

3 years ago

You and a friend are putting together a film on a very small budget. the script takes place in the 1970s, but you don't have muc

myrzilka [38]

Some of the ways that you could find costumes for your film are the following:

<span>1. </span><span>It would first help to have actors that already look like they belong in the 1970’s. Having the authentic look can help sell the costumes even more. </span>

<span>2.</span> Relying on second-<span> hand/low-budget vintage stores would be the way to go.</span>

<span>3. </span><span>Go to a Fabric store or some place online and order fabric to create, If there were a piece that couldn’t be find and needed in the film.</span>

7 0

3 years ago