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PSYCHO15rus [73]
3 years ago
8

SnowPants for the children’s department cost $27.60 each. If a 54% markup is required, what minimum retail would achieve this ma

rkup?
Business
1 answer:
Murrr4er [49]3 years ago
7 0

Answer:

$42.51

Explanation:

markup percentage = (selling price - cost) / cost

54% = (selling price - $27.60) / $27.60

54% x $27.60 = selling price - $27.60

$14.904 = selling price - $27.60

selling price = $42.504 ≈ $42.51 we must round up since we are looking for the price that would yield the markup %, if we round down, then the markup % would be slightly below 54%

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The correct answer is: "I would recommend her not to increase the price, because with an elastic demand function this will cause a great decrease in the quantity demanded by consumers".

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3 years ago
Both power distance and femininity are negatively related to the Environmental Sustainability Index.
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The power of the natural environment to renew itself and maintain its viability is really amazing when viewed in that light. For instance, when a tree falls, its decomposition enriches the earth with nutrients. These nutrients provide the right environment so that subsequent saplings can thrive.

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8 0
2 years ago
It’s time for the Bizlaw County auction! For each of the auction items listed below, you will (1) determine which type of proper
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Answer:

I have formulated the answer in the table and the table is attached in the attachment please refer to the attachment 1.

Explanation:

<em>Please refer to the attachment 1. And here is the explanation</em>

Inherited property is the property which is transferred to ones beloved after she/he passes away or makes a will, so statement A, E and F are inherited properties.

Purchased property are the ones that one acquires after paying certain price of the good, so B is purchased property.

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<em></em>

6 0
3 years ago
7. XYZ stock price and dividend history are as follows: An investor buys three shares of XYZ at the beginning of 2010, buys anot
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Explanation:

5 0
3 years ago
Sheryl Hansen started a business on May 1, 20--. Analyze the following transactions for the first month of business using T acco
slava [35]

Answer:

Sheryl Hansen

T- Accounts

Cash

Account Titles                  Debit   Credit

a. Sheryl Hasen, Capital $3,100

b. Equipment                                 $500  

d. Accounts Payable                       300

e. Sheryl Hasen, Drawings             700

Sheryl Hasen, Capital

Account Titles                  Debit   Credit

a. Cash                                        $3,100

Equipment

Account Titles                  Debit   Credit

b. Cash                             $500

c. Accounts Payable          800

Accounts Payable

Account Titles                  Debit   Credit

c. Equipment                                 $800

d.  Cash                            $300

Sheryl Hasen, Drawings

Account Titles                  Debit   Credit

e. Cash                            $700

Explanation:

a) Data and Analysis:

a. Cash $3,100 Sheryl Hasen, Capital $3,100

b. Equipment $500 Cash $500

c. Equipment $800 Accounts Payable $800

d. Accounts Payable $300 Cash $300

e. Sheryl Hasen, Drawings $700 Cash $700

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