Answer:
well a needs is like food and water and a want is like a ps4 or a xbox 1 and stuff that wont help you survive but you want it
Answer: $3.31
Explanation:
Dividends will increase by 2% so using a future value formula would show the amount of dividends in year 5.
= 3 * ( 1 + 2%)⁵
= 3 * 1.1040808032
= 3.3122424096
= $3.31
The cost of the TV will be $ 315
The dollar markup of the TV will be $ 1015
<h3 /><h3>What is a markup price?</h3>
The markup is the difference in prices between the cost of producing the product or service and the price at which it is sold. Businesses must tack on a markup on top of their total expenditures in order to guarantee a profit and recoup the costs associated with producing a good or service.
The information provided is:
The selling price of the TV = is $700
The markup cost of the TV = 45% of the cost
The dollar markup cost will be
= 700 * 45%
= $315
The new cost that will be generated will be
= 700 + 315
=$1015
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Answer:
Inventory turnover period in 2019 =89.3 days
Explanation:
<em>The inventory turnover period also known as the inventory days is the average length of time it takes business to sell its stocks and replace same. The shorter the better as it indicates a high patronage from customers.</em>
It is calculated as follows:
<em>Inventory turnover = (Average inventory / cost of goods ) × 365 days</em>
Note that,
<em>average inventory =( opening inventory + closing inventory)/2</em>
Average inventory = (218,000 + 198,000)/2 = 208,000
<em>Cost of goods sold in 2019</em> = $850,000
Inventory turnover period = (208,000/850,000)× 365 days
=89.3 days
What should be the basic goal of a firm when it sets a level of output?
The firm should make sure that it maximizes its profits. Maximizing profits means they are making the most they possibly can with the items they are selling or services that are being offered. When they make their overall goals, they need to make sure they are going to be making as much as they possibly can to acheive their long-term goals.