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kap26 [50]
3 years ago
14

For the same example as (1), what is the markup if the price is $89 and the cost is $72? Please round your answer to the nearest

tenth of a percent
Business
1 answer:
Fittoniya [83]3 years ago
8 0

Answer:

23.6%

Explanation:

The price is $89

The cost is $72

mark-up in dollars  price -cost

= $89-72

=$17

As a percentage

=$17/72 x 100

=0.23611 x 100

=23.6 %

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Kryger [21]

Answer:

The market contains huge numbers of buyers.

Explanation:

Organization buying is the process through which formal institutions establish the basis for purchasing products or services. It involves identifying, evaluating, and picking the ideal option from the available brands and suppliers. A typical organization will have a team of skilled workers directly or indirectly involved in the buying process.  Businesses that purpose to maximize profits will go the extra mile to get the best deals on their purchases.

Organization buying will involve the participation of many people.  Common characteristics of organization buying are

  • Several people in the organization influence buying
  • The organizational buyers are qualified professionals in purchasing.
  • A lot of purchasing occurs in direct dealing with producers.
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3 0
3 years ago
What other replacements for unions have helped reduce union membership?
kicyunya [14]
Unions are still popular, but not as popular as they were in the late 19th century and early 20th century, because there is more capital circulation, which generally means better conditions for laborers.
5 0
3 years ago
Al Dente Pasta Company overstated its inventory by $10 million at the end of 2021. The discovery of this error during 2022, befo
MAXImum [283]

Answer:

Retained earnings would be debited and inventory would be credited for $10 million each.

Explanation:

In the given scenario Al Dente Pasta Company overstated its inventory by $10 million.

This is an overstatement of assets of the company.

This also gives an understatement of the retained earnings of the company.

Adjusting entry in 2022 will now require Retained earnings would be debited and inventory would be credited for $10 million each.

7 0
3 years ago
Which of the following does an employer violate when it terminates an employee for refusing to do something unethical, unsafe, a
maxonik [38]

Answer:

A-public policy

Explanation:

Violation of public policy :A legal claim that an employee has been fired fo not doing and unethical thing which is moral wrong. In many states, for example, an employee can sue for wrongful termination in violation of public policy after being fired for : reporting illegal activities, exercising legal right or not doing illegal things.

4 0
3 years ago
What is the difference between an employee and an entrepreneur?
sasho [114]

Answer:

Employees fall under a particular job category. Entrepreneurs create their own profile. Employees have to perform tasks according their respective job profiles. Irrespective of their interest, they are forced to work in an alien environment.

3 0
3 years ago
Read 2 more answers
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