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Answer:
Earning Satisfactory Profits
Explanation:
Based on the information provided within the qeustion it seems that the management of Fresnas Designs Inc. bases its pricing policy on Earning Satisfactory Profits. This is basically when a company revolves all their decisions around trying to make a reasonable level of profits that is consistent with the level of risk that they face. Which is what Fresnas is doing by pricing their products reasonably as opposed to pricing them higher even thought hey can.
Answer:
Explanation:
31% mark up based on cost
$100 * 1.31 = $131
Same mark up based on selling price
$131 - $100 = $31
Therefore, our percent mark up if selling price were the base; =$31/$131 * 100 = 23.66%
Answer:
i think it is 31 i hope this helps brainlist pls
Answer:
$290,700
Explanation:
The amount of net sales on the income statement is computed as shown below;
Net sales = Sales revenue - Sales discount - Sales return and allowance
Net sales = $320,100 - $12,400 - $17,000
Net sales = $290,700
