Percent markup based on the selling price: 28.1%
Explanation:
The cost of the TV for the seller was
Of this, the markup of this price was 39%. Therefore, the value of the markup (in dollars) with respect to the cost for the seller was
So, this was the markup relative to the cost for the seller.
The price paid by the purchaser instead is
Therefore, the percent markup based on the selling price (paid by the purchaser) is:
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Answer:
B. product distribution franchise
Explanation:
In this scenario, George runs a small retail business and sells brands (products) that another business manufactures. George's retail store uses the logos and trademarks of that business to attract customers by acting as a dealer on behalf of the manufacturing business.
Hence, the type of franchise model that George's retail business follow is a product distribution franchise.
A product distribution franchise can be defined as a supplier-dealer business relationship in which a dealer (franchisee) is granted a license by the manufacturer (franchisor) to sell and distribute their products.
In this type of franchise, the dealer (franchisee) is only granted the license to use just the logos and trademarks of the manufacturer (franchisor) but not the framework (system) for the establishment and operations of the business.
<em>Some examples of a product distribution franchise is Fords motors, Coca-Cola, mobile homes, Guiness etc. </em>
Answer and Explanation:
The Preparation of financial statement, Income statement, Balance sheet and Cash flow statement are explained with the help of spreadsheet. Kindly find the attachment which is below:-
According to the situation, Prentise agree to keep the damaged goods as Prentise can resell the damaged goods or can get goods at a lower cost.
Answer:
The correct answer is True.
Explanation:
Osteoarthritis is the most common form of arthritis and affects millions of people worldwide. It occurs when the protective cartilage that cushions the ends of the bones wears out over time.
Although osteoarthritis can damage any joint, the disorder most commonly affects the joints of the hands, knees, hips and spine.
The symptoms of osteoarthritis can usually be controlled, although joint damage cannot be reversed. Staying active, maintaining a healthy weight and some treatments can delay the progression of the disease and help improve pain and joint function.
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