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3 years ago

12

A retailer buys books from publishers for $6 each and prices them for sale to consumers at $9. What percentage markup for these

books?

2 answers:

levacccp [35]3 years ago

7 0

Answer:

50% is the correct answer

Explanation:

Mkey [24]3 years ago

4 0

Answer:50

Explanation:

just took the test

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On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at t

ss7ja [257]

Answer and Explanation:

The amortization schedule is presented below:

Date Cash Interest expense Amortization Balance

A B C = (A - B)

January 1, Year 1 $58,998

D

End of Year 1 $3,944 $3,717 $227 $58,771

E = D - C

End of Year 2 $3,944 $3,702.573 $241 $58,530

End of Year 3 $3,944 $3,687.39 $257 $58,273

End of Year 4 $3,944 $3,671 $273 $58,000

Working notes:

For computing the missing amount first we have to find out the interest expense rate which is

= $3,717 ÷ $58,998

= 6.30%

For year 2,

The interest expense is

= $58,771 × 6.30%

= $3,702.573

For year 3,

The interest expense is

= $58,530 × 6.30%

= $3,687.39

4 0

4 years ago

Q. A country's comparative advantage in the extraction of commodities most likely stems from its: A. high labour to capital rati

Andru [333]

Answer:

B. large amount of natural resources

Explanation:

Comparative advantage is a country's ability to produce a product or service for a lower opportunity cost than rival countries. Opportunity costs are the benefits given up in the extraction process. If a country has a large amount of natural resources, it will use fewer resources in the extraction process than other countries. The trade-off costs will be so little compared to the benefits.

Other countries will find it cheaper to import from a country with large natural resources. For example, oil-rich nations have a comparative advantage in the extraction and processing of oil and oil by-products.

4 0

3 years ago

How has private enterprise strengthened the united states economy?

Marina86 [1]

Answer:

to generate prosperity and produce goods and services that meet people's needs and improve their lives.

Explanation:

Because businesses cannot outgrow the economy of their communities

7 0

3 years ago

A company issues $16200000, 5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The

bekas [8.4K]

Answer:

The amount of interest expense which will be recognized in 2020 is $949,681.45.

Explanation:

The following are given in the question:

Bond value = $16200000

Bond interest rate = 5.8%

Proceed from bond = $15825541

Yield rate = 6%

The amount of interest expense which will be recognized in 2020 can now be calculated as follows:

Interest expense for January 1, 2020 to June 30, 2020 = Proceed from bond * Yield rate * (6 / 12) = $15825541 * 6% * (6 / 12) = $474,766.23

Discount amortized during first 6 months = Interest expense for January 1, 2020 to June 30, 2020 - (Bond value * Bond interest rate * (6 / 12)) = $474,766.23 - ($16200000 * 5.8% * (6 / 12)) = $474,766.23 - 469,800 = $4,966.23

Interest expense for July 1, 2020 to December 31, 2020 = (Proceed from bond + Discount amortized during first 6 months) * Yield rate * (6 / 12) = ($15825541 + $4,966.23) * 6% * (6 / 12) = $474,915.22

Interest expense to be recognized in 2020 = Interest expense for January 1, 2020 to June 30, 2020 + Interest expense for July 1, 2020 to December 31, 2020 = $474,766.23 + $474,915.22 = $949,681.45

Therefore, the amount of interest expense which will be recognized in 2020 is $949,681.45.

3 0

3 years ago

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cricket20 [7]

Answer:

Hey mate....

subscribed already.....thx for points

4 0

3 years ago