Answer:
11%
Explanation:
Calculation to determine the markup percentage as a percentage of cost for Timothy Company
First step is to calculate the Sales revenue
Sales revenue = 1,500 units × $1,000
Sales revenue = $1,500,000
Now let calculate the Markup percentage
Markup percentage = $150,000 / ($1,500,000 - $150,000)
Markup percentage = $150,000/1,350,000
Markup percentage= 11%
Therefore Markup percentage is 11%
Answer:
inflation rates are unrelated to money supply growth.
Explanation:
purchasing power parity which is regarded as (PPP) is a macroeconomic analysis metric which gives comparison between economic productivity aas well as standards of living existing between countries. It can be regarded as economic theory which gives comparison of currencies of different countries using an approach of "basket of goods". The PPP theory can hold in reality for instance, when inflation rates are unrelated to money supply growth.
EXCEPT Group of answer choices monopolistic or oligopolistic practices in goods markets. restrictions on trade. the inflation data reported in different countries are based on different commodity baskets.
Answer:
The correct answer is A
Explanation:
Master-detail relationship is the relationship where the master states the parent and detail states a child, in which the master object controls or regulate some behaviors of the detailed object.
Cross object formula field is the one, which spans 2 related references and the objects that merge fields on the objects. So, a developer will use the Cross object formula field for displaying into the related list.
According to the theory of the invisible hand, when there is competition, self-interested decisions advance the society interests.
<h3>What is the invisible hand theory?</h3>
Adam Smith, a Scottish philosopher and economist, popularized the metaphor of the "invisible hand" to describe the processes by which positive social and economic consequences may result from the collective self-interested acts of individuals, none of whom intend to produce such outcomes.
<h3>How is Adam Smith's invisible hand idea still applicable today?</h3>
An important economic idea that is still relevant today is the invisible hand theory. It may provide insight into the operation of free markets and consumer behavior. Although the idea is significant, it is frequently applied in ways that are inconsistent with Smith's original text or out of context.
<h3>What exactly is the "invisible hand" and why is it significant?</h3>
The term "invisible hand" describes how an individual's self-interests help society as a whole. In other words, through pursuing the profit motive, individuals are required to offer commodities at a cost that others are prepared to pay. Society gains as a result since those goods might not have been created otherwise.
learn more about invisible hand theory here
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Answer: $170,000
Explanation:
According to the historical cost concept, the original cost value of a asset (i.e. land) should be recorded in the books. The original cost refers to the cost of a asset at the time of purchasing. As per the principle of historical cost, assets are always recorded as a original cost or historical cost or acquisition cost.
But when a person sold the asset then he will consider the fair market value.
