Jamal is using <u>markup percentage</u> to calculate the cost of production and add a percentage.
<h3><u>Explanation:</u></h3>
When the company provides either goods or services, there are factors that need to be considered during pricing. These factors include the profit the company wishes to generate, cost of production and many more. Markup is the difference between goods or services selling price and the its original cost and it is represented as a percentage.
The markup provides the manufacturer or service-provider with profit since it is the amount added to total cost of the goods or services. The significance is to ensure that the company can make a decent gross profit.
Excise, it's an extra tax which makes you pay more
<span>Penelope is a manager with quick pizza. She is very good at understanding the feelings of her subordinates and takes time out for all of them. She listens to their problems, sympathizes with them, and tries her best to give them solutions regarding the same. From this information, it can be said that penelope is high on agreeableness.
Agreeableness is a personality trait in the Big Five Personality Traits. Someone who is high on agreeableness has a warm and friendly personality. These people get along with others well. </span>
Answer:
Difference between Prices= $85-$80
Difference between Prices=$5
Explanation:
First we will calculate the original price of the dress. In order to do this we will proceed as follow::
After Sale for 15% off price of dress =$68
Original Price=$80
Before buying prices rises by 25%.
Rises and discounts making the Final Price=
Note: (125 is due to 25% rise)
Final Price=$85
Difference between Prices= $85-$80
Difference between Prices=$5
Answer:
Debit Accounts receivable $2170
Credit sales revenue $2000
Credit State tax $120
Credit Local tax $50
Explanation:
When sales are made on credit, the entries required are debit Accounts receivable and credit Sales revenue.
Considering the taxes, the entries would then be grossed by the tax percentage and the grossed amount is debited to accounts receivable while the taxes are credited to the tax payable account.
State tax
= 6% * $2,000
= $120
Local tax
= 2.5% * $2,000
= $50
Total receivable
= $2000 + $120 + $50
= $2170
