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
poizon [28]
3 years ago
11

The markdown could be a dollar amount or a

Business
1 answer:
BabaBlast [244]3 years ago
4 0

Answer:

Percentage of the selling price

Explanation:

Markdown refers to a reduction in the regular selling price of an item. When a trader wants to clear some old inventory or in a sales promotion, they may reduce the regular price to attract more customers. The rate at which the price has been reduced in the markdown.

Markdown can be given in dollar amount. The seller indicates the amount of money that has been knocked off the price. Markdown can also be expressed as a percentage of the regular selling price. In such a case, the new price after the markdown has to be calculated.

You might be interested in
If a nation has a comparative disadvantage in the production of some commodity: Group of answer choices it cannot gain from inte
vazorg [7]

Answer:

it can still gain from international trade in that commodity, by getting it at a lower opportunity cost than if it produced it domestically.

Explanation:

A country has comparative disadvantage in production if it produces at a higher opportunity cost when compared to other countries.

The country with a  comparative disadvantage can gain from trade by trading the good with a country that has  comparative advantage in the production of that good. i.e. the country produces at a lower opportunity cost

For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.  

for country A,  

opportunity cost of producing beans = 5/10 = 0.5

opportunity cost of producing rice = 10/5 = 2

for country B,  

opportunity cost of producing rice = 5/10 = 0.5

opportunity cost of producing beans = 10/5 = 2

Country B has a comparative disadvantage in the production of beans and country A has a comparative disadvantage in the production of rice

Country B should buy beans from A and A should buy rice from B

7 0
2 years ago
Describe a real or made up but realistic example of a time when you might apply for a loan.
kicyunya [14]
Well people apply for loans when they need money for a certain goal. Like in the movie fantastic beasts and where to find them in the first part they are at a bank. The guy in their tries to get a loan so he can start a company as an entrepreneur. He wants to be able to own his own bakery so he could make cookies cakes and several other designs. Another reason people get loans is when their business is failing. Like the macys owner in the Florida Oviedo town mall took a few loans to help start up the company and pay to own the store their.  But it recently closed. Those are two examples of when people took a loan to either start or continue a buisness when money was short.
3 0
3 years ago
Exercise 8-5 The ledger of Costello Company at the end of the current year shows Accounts Receivable $110,000; Sales Revenue $84
Nina [5.8K]

Answer:

Journal entries are shown below:

Explanation:

The journal entries are as follows

a.  Bad debt expense $1,400  

                       To Account receivable  $1,400

(Being the bad debt expense is recorded)

b. Bad debt expense  $8,900  

          To Allowance for doubtful accounts  $8,900

(Being the bad debt expense is recorded)

The computation is shown below:

= $110,000 × 10% - $2,100

= $11,000 - $2,100

= $8,900

c. Bad debt expense $6,800  

    To Allowance for doubtful accounts $6,800

(Being the bad debt expense is recorded)

The computation is shown below:

= $110,000 × 6% + $200

= $6,600 + $200

= $6,800

4 0
3 years ago
Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2018. What amount of dividends did the compan
MArishka [77]

Answer:

The company paid in dividends the same amount of the Net Income of the Year 2018

Explanation:

If the company keeps the retained gains at zero balance it means that each dollar the company gains during the year it's paid in dividends.

During the year the company gain money from its operations, the total Profit or Losses are reflected in the Financial Statements, if the company gains money and the Retained Earnings are zero, it means each dollar is paid in dividens, the amount available to paid is the Net Income of the Income Statement.

7 0
3 years ago
When delivering a 60-second commercial in an interview, you should NOT: a. Keep the commercial concise b. Play a recorded versio
wlad13 [49]
I would say the answer would be B
7 0
3 years ago
Read 2 more answers
Other questions:
  • Licensing as a market entry mode has several disadvantages and opportunity costs, which do not include:
    12·1 answer
  • On January 1, 2021, White Water issues $600,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and
    12·1 answer
  • Kartman Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standar
    6·1 answer
  • Andrina always spends 30 % of her income on thingamabobs. Assume that her income increases by some percentage while the price of
    6·1 answer
  • A corporation issues $100,000, 8%, 5-year bonds on January 1, 2007, for $104,200. Interest is paid annually on January 1. If the
    5·2 answers
  • When a firm is given monopoly power, it loses its freedom of contract, and a governmental body is given the power to determine t
    15·1 answer
  • What do economists mean by the demand for​ money? A. It is the amount of moneylong dashcurrency and checking account depositslon
    15·2 answers
  • On June 10, Novak Corp. purchased $8,350 of merchandise on account from Sarasota Company, FOB shipping point, terms 2/10, n/30.
    14·1 answer
  • 5. It is April 19, 2012 and you suddenly remember that your credit card bill
    14·2 answers
  • insurance companies expend a lot of effort marketing their offerings, mainly due to the fact that insurance is a(n) ________blan
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!