Answer:
$0.79
Explanation:
The Bakery bakes 660 loaves of bread
The cost of baking one bread= $0.46
The total cost of baking all loaves of bread
= $0.46 x 660
=$303.60
The desired mark up is 55% of cost
=55% of $303.60
=55/100 x $303.60
=0.55 x $303.60
= $166.98
Desired revenues = $166.98 +$303.60
=$470.58
The number of sellable breads= 660 - (10% of 660)
=660-66
=594
Desired income is $470.58; sellable output is 594.
price per bread should be
=$470.58/594
=$0.79222
Price per bread = $0.79
Answer:
D. Sole proprietorship.
Explanation:
We know it's definitely is a sole proprietorship because of 'unlimited personal liability' which is a key characteristic.
Selma's business is not a joint venture because she is the only person who invested and runs the business whereas a joint venture is created by two or more entities or 'shared ownership'
Nor is it a corporation for this is an 'organization' owned and manned by many people but is regarded as a single entity. Neither is her business an s corporation because that just the same as a corporation but just with different tax regulations.
Answer:
$ 686
Explanation:
Given:
Amount paid = $ 1000
Discount offered = 2/10 = 2%
Value of returned merchandise = $ 300
Cash received = $ 1000 - $ 300 = $ 700
now 2 % deduction for the return within the given return period
thus,
net cash received = $ 700 - ( 2% of $ 700 )
or
net cash received = $ 700 - $ 14
hence,
net cash received = $ 686
The best answer would be answer choice c.
