1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kap26 [50]
2 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]2 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 %

You might be interested in
Flounder Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of
ipn [44]

Answer:

a.

Journal Entries

Dr. Cash ___________________$104,000

Cr. Common Stock ___________$5,000

Cr. Preferred stock ___________$10,000

Cr. Paid in capital Common Stock $78,200

Cr. Paid in capital Preferred stock $10,800

b.

Dr. Cash ___________________$104,000

Cr. Common Stock ___________$5,000

Cr. Preferred stock ___________$10,000

Cr. Paid in capital Common Stock $84,000

Cr. Paid in capital Preferred stock $5,000

Explanation:

a.

First, we need to calculate the fair value of each type of shares using the following formula

Fair value  = Numbers of shares x Fair value per share

Fair Value of Common Share = 500 shares x $164 per share = $82,000

Fair value of preferred share = 100 shares x $205 per share = $20,500

Total value of shares = $82,000 + $20,500 = $102,500

Now allocate the Value of $104,000 bases on the fair value

Allocation to

Common stock = $104,000 x $82,000 / $102,500 = $83,200

Preferred stock = $104,000 x $20,500 / $102,500 = $20,800

Now calculate the par values

Par Values

Common stock = 500 shares x $10 = $5,000

Preferred stock = 100 shares x $100 = $10,000

Now calculate the additional paid-in capital

Additional paid-in capital

Common stock = $83,200 - $5,000 = $78,200

Preferred stock = $20,800 - $10,000 = $10,800

b,

Value of common stock = $178 per share x 500 shares = $89,000

Additional paid in capital

Common stock = $89,000 - $5,000 = $84,000

Preferred stock = $104,000 - $89,000 - $10,000 = $10,000

6 0
2 years ago
What would sell more (both stores are just now opening.): a "in-trend" jewelry store or a Simplistic lip gloss shop?
Gnoma [55]

Answer:

The lip gloss shop

Explanation:

Because a trend last for a short amount of time meaning you have to restock on so many new products all the time wasting more and more money, as to the lip glosses all colors can be sold or always be in style.

5 0
3 years ago
Yehle Inc. regularly uses material Y51B and currently has in stock 457 liters of the material for which it paid $2,619 several w
Sedaia [141]

Answer:

Option A is the correct answer,$5810

Explanation:

The relevant of the Y51B is the cost of replacement,which is the open market price as it is actively being used by Yehle Inc.

Besides, if the quantity currently in inventory is used it has to be replaced at open market price.

Disposal value would have been used if the material in question is not being used

The relevant of 700 liters is given below:

$5.81*1000=$5,810

1000 liters has to be bought not 700 liters as the least quantity available for sale is 1000 liters.

Above,it would be wrong to choose option D as 700 liters is not available

5 0
3 years ago
Lego is considering an investment in Disney corporation. The risk free rate is 5% and the Beta for Disney is 1.2. Lego requires
disa [49]

Answer:

17%

Explanation:

This can be calculated using the Capital Asset Pricing Model which is given as under:

Required Return = Rf + Beta factor * (Market Risk Premium)

By putting the values, we have:

Required Return = 5% + 1.2 * 10% = 17%

Disney need to earn 17% return on investment to trigger a Lego investment.

5 0
3 years ago
Read 2 more answers
What scenario would call for you to
Alex

Answer:

A.you have plenty of cash flow and are looking to grow with new equipment.

Explanation:

Sana makatulong po sainyo/ihope it helps for you

5 0
3 years ago
Other questions:
  • A neighborhood recreation program serves a total of 280 children who are either 11 years old or 12 years old. the sum of the chi
    11·2 answers
  • Which of the following actions is likely to reduce trust?
    10·1 answer
  • The merger between two general merchandise stores Sears and K-Mart who each carried some specialty items will most likely produc
    14·1 answer
  • Service variability means that the quality of services does not depend on who provides them. True False
    7·1 answer
  • Expected monetary value (EMV) is:________.a. the average or expected value of the decision if you knew what would happen ahead o
    5·1 answer
  • 1. The following costs were incurred in September:
    7·1 answer
  • The process by which management plans, evaluates, and controls long-term investment decisions involving fixed assets is called _
    13·1 answer
  • On a supply and demand graph, the line that indicates price is the.
    14·1 answer
  • Which of the following is likely to happen if employees think that their organization is
    12·1 answer
  • A partner can be held liable for a partnership obligation only if he or she participated in, or knew about, whatever it was that
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!