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lubasha [3.4K]
2 years ago
14

A buyer needs 150 blouses to retail at $15 each and 80 shirts to retail at $20 each. She needs to average a 50.5% markup. If she

pays $7 for each blouse, how much can she pay for each shirt in order to achieve the planned markup percent?
Business
1 answer:
kumpel [21]2 years ago
7 0

Answer:

To achieve the planned markup percent, she can pay for each shirt, the price of:

$18.85

Explanation:

a) Data and Calculations:

Number of blouses to retail at $15 each = 150

Total revenue from blouses = $2,250 (150 * $15)

Number of shirts to retail at $20 each = 80

Total revenue from shirts = $1,600 (80 * $20)

Total sales revenue = $3,850

Average markup = 50.5%

Therefore, the cost of the blouses and shirts = $3,850/1.505 = $2,558

If the cost of blouse = $7 each, the total cost of blouses = $1,050 (150 * $7)

Therefore, the cost of shirts will be equal to $1,508 (2,558 - $1,050)

Then, the cost of each shirt will be equal to $18.85 ($1,508/80).

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dimaraw [331]

Answer: Option (A) is correct.

Explanation:

Given that,

Money supply increases (M) = 12 percent

Velocity decreases (V) = 4 percent

Price level increases (P) = 5 percent

Real GDP (Y) = ?

According to the quantity theory of money,

Percent Change in M + Percent Change in V = Percent Change in P + Percent Change in Y

                                                         12% - 4% = 5% + Percent Change in Y

                                    Percent Change in Y = 8% - 5%

                                                                         = 3%

Therefore, change in real GDP must be 3%.

6 0
3 years ago
Curtis invests $250,000 in a city of Athens bond that pays 7 percent interest. Alternatively, Curtis could have invested the $25
Anna11 [10]

Answer:

7%

Explanation:

Interest income if Curtis invested

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After tax interest income = 22,500 - (22,500 x 24%)

= 17,100

After tax rate of return = 17,100/250000

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Approximately 7%

7 0
3 years ago
Read 2 more answers
Q.2Tullahoma Company purchased equipment for $27,500. It depreciated the equipment over a fiveyear life by the double-declining-
melisa1 [442]

Answer:

A loss of $1400

Explanation:

The double-declining method uses twice the straight-line depreciation method rate in calculating the depreciation amount.

The asset has a useful life of 5 years. The straight-line depreciation rate = 1/5 x 100

=20%.

The double-declining rate will be 40%

The depreciation schedule for two years will be as follows.

Open. Bal Dep. rate Dep. Amount  Book value

$27,500  40%  $11,000   $16,500.00

$16,500  40%  $6,600             $9,900.00

The equipment was sold for $8,500

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8 0
3 years ago
Your boss has asked you to calculate the profitability ratios of Cold Goose Metal Works, Inc. and make comments on its second-ye
Alinara [238K]

Answer:

Gross Margin % 59.2% 53.8%

 compares gross profit to sales revenue  

 

Ne income Margin 32.0% 28.9%

 compares net income to sales revenue  

 

ROA return on assets 10.8% 12.3%

net earnings relative to the company’s total assets.  

 

ROE return on equity 32.5% 23.1%

net income relative to stockholders’ equity,  

Explanation:

Net Sales                                                         3,810,000 3,000,000

Operating costs less depreciation/amortization 1,365,000 1,267,500

Depreciation and amortization                            190,500 120,000

Total Operating Costs                                        1,555,500 1,387,500

Operating Income (or EBIT)                               2,254,500 1,612,500

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Earnings before taxes (EBT)                               2,029,050 1,443,187

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Net Income                                                           1,217,430 865,912

 

assets 11,277,600 7,050,000

Equity 3,750,000 3,750,000

 

Gross Margin % 59.2% 53.8%

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Ne income Margin 32.0% 28.9%

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ROA return on assets 10.8% 12.3%

net earnings relative to the company’s total assets.  

 

ROE return on equity 32.5% 23.1%

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8 0
3 years ago
Blythe Corp. is a defendant in a lawsuit. Blythe's attorneys believe it is reasonably possible that the suit will require Blythe
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Answer:

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7 0
3 years ago
Read 2 more answers
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