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Anon25 [30]
3 years ago
13

It costs Rockport Shrimp Fisheries, Inc. $30 to catch, process, freeze, package and ship 5-pound packages of gulf shrimp. Assume

that it applies a 60 percent markup on its cost of its shrimp products. This means that the company will charge customers ________for each 5-pound package.a) $40 b) $48 c) $50 d) $54 e) $60
Business
1 answer:
Anit [1.1K]3 years ago
4 0

Answer:

=$48

Explanation:

Mark-up refers to the intended profit margin: It is selling price -cost of production.

For  Rockport Fisheries:  cost of production is $ 30

Mark -up is 60 %. i.e., profit margin equal to 60 % of cost price

Selling price= cost +mark up

  = $30 + (60/100 x100)

  =$30+$18

  =$48

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A local citizen donated land with a fair market value of $500,000 to the county government. The donor had paid $550,000 for the
Diano4ka-milaya [45]

Answer:

C) $650,000

Explanation:

Government entities should record their assets at fair market value, not at cost basis. They should also include the land improvements as part of the total value of the land:

total value of the land = $500,000 (donated land) + $150,000 (land improvements) = $650,000

6 0
2 years ago
Read 2 more answers
Equipment with a book value of $84,000 and an original cost of $167,000 was sold at a loss of $34,000. Paid $109,000 cash for a
adoni [48]

Answer:

$443,400

Explanation:

The computation of cash flows from investing activities is shown below:-

For computing the cash flows from investing activities we need to find out first the Sale of equipment

= $84,000 - $34,000

= $50,000

Net cash paid by investing activities = Sale of equipment - Purchase of new truck + Sale of land + Sale of Long-term investments

= $50,000 - $109,000 + $410,000 + $94,200

= $443,400

3 0
2 years ago
EBay A. is a market because buyers and sellers are brought together to buy and sell. B. cannot function as a market. C. would be
IgorLugansk [536]

Answer:

A. is a market because buyers and sellers are brought together to buy and sell.

Explanation:

The definition of market is that it is a place where sellers of products and services meet with potential buyers. Acording to this definition, Ebay can be considered a market because in this website there are sellers offering different types of products and buyers willing to pay in order to get them.

3 0
3 years ago
Johanna is responsible for setting goals and planning at a medium- sized company. Her job title is director of communications. W
umka2103 [35]

The level of job that require Johanna to be responsible for setting goals and planning in the company would be : Top-Level ManagerTop level manager consist of Board of directors, president, vice president, General Managers, and senior managers. These people have the credibility to create a planning/decision for the company

:)

5 0
3 years ago
Drying times for newly painted microwave oven cabinets are normally distributed with a mean of 2.5 minutes and a standard deviat
Marina86 [1]

Answer: 3.22

Explanation:

Given that;

mean = 2.5 min

standard deviation = 0.25 min

now to get the value of X required, we say

z = (x - u) / a

where z is the distance from the mean measured in the standard deviation units, x is the value we are interested in, u is the mean distribution, a is the standard deviation of the distribution.

the time delay should be just enough to allow 99.8% of the cabinets to dry completely = 99.8/100 = 0.9980

first we determine an appropriate z value.

Using the standardized normal tables,

value of z for approximately 0.9980 is 2.88

so using our initial equation z = (x - u) / a

we substitute the value

z = (x - u) / a

2.88 = ( x - 2.5) / 0.25

2.88 * 0.25 = x - 2.5

0.72 = x - 2.5

x = 0.72 + 2.5

x = 3.22

5 0
2 years ago
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