Ask question

Ask question

All categories

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

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 %

You might be interested in

David, Chris and John formed a partnership on July 31, 2019. They decided to share profits equally, but inserted a clause in

MA_775_DIABLO [31]

Answer:

$37,833

Explanation:

Calculation for the balance of John's Capital account as of December 31, 2020.

Using this formula

Balance as of December 31, 2020= Initial contribution + Profit for December 31, 2019 - Loss for December 31, 2020

Let plug in the formula

Balance as of December 31, 2020= $39,000 + ( $46,000/3) - ( $55,000/10×3)

Balance as of December 31, 2020= $39,000 + $15,333 - $16,500

Balance as of December 31, 2020= $37,833

Therefore the balance of John's Capital account as of December 31, 2020 will be $37,833

3 0

4 years ago

Alaskan foodstuffs just announced the annual dividend for this coming year will be $0.36 a share and all future dividends are ex

sammy [17]

Price of share is $12.2. Future dividend is therefore expected to grown by 4.5%. To find the rate of return i.e. K, we will do the following steps:

= 0.36(1.045)/12 = 0.03135+4.5 = 4.53135

Therefore, rate of return is 4.53%.

7 0

4 years ago

Compare and contrast thinking skills and people skills

zalisa [80]

Thinking skills are internal mental processes like focusing, analyzing information, making mental connections, and generating ideas.

People skills are interpersonal skills like listening, communication, and building relationships.

Both types of skills are essential for success.

8 0

3 years ago

The following balances come from the financial statements of Way Industries: Sales revenue $850,000; Accounts receivable $280,00

finlep [7]

Answer: 12

Explanation: The ratio of number of times an inventory is used or sold in a specific period , generally a year, is called inventory turnover ratio. It can be computed by using the following formula :-

= $\frac{cost\of\goods\sold}{average\inventory}$

where,

cost of goods sold = beginning inventory + net purchase - ending inventory

= $50,000 + $460,000 - $30,000

= $ 480,000

average inventory = $\frac{beginning\invetory+closing\inventory}{2}$

= $\frac{50000+30000}{2}$

= $40,000

so,

inventory turnover ratio = $\frac{480000}{40000}$

= 12

6 0

3 years ago

The narrative pattern of organization is particularly effective when addressing a sympathetic audience.

aalyn [17]

It is true that the narrative pattern of organization is particularly effective when addressing a sympathetic audience.
The narrative pattern refers to the fact that you are organizing your speech or writing around a particular story that you want to tell. You want your audience to perhaps learn something from your story, to get your message, and it will be particularly successful if your audience is a sympathetic one.

7 0

3 years ago