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2 years ago

"________ is the difference between the average cost and price of all merchandise in stock as used by the middlemen."

Business

1 answer:

RSB [31]2 years ago

8 0

Answer:

Markup

Explanation:

Markup is defined as the difference that exists between the selling price of a product and the average cost that was used in its production

This information is used by middle men to estimate the amount of profit they can make on sale of a product.

Usually the markup cost is incorporated into the cost incurred by the producer as a percentage of a product's cost.

This ensures middle men make some profit

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On January 10, Chen Co. issued an $80,000, 6%, 90-day note payable to Rao Co. Using a 360-day year, what is the total interest e

Yanka [14]

Answer:

d. $1,200

Explanation:

The computation of the interest expense is shown below:

= Principal × rate of interest × number of days ÷ (total number of days in a year)

= $80,000× 6% × (90 days ÷ 360 days)

= $1,200

We simply apply the simple interest formula

Since the number of days and the total number of days are given so we considered the same for the computation part.

4 0

2 years ago

States request assistance from other states through interstate mutual aid and assistance agreements such as:

egoroff_w [7]

States request assistance from other states through interstate mutual aid and assistance agreements such as Emergency Management Assistance Compacts (EMACs)

Explanation:

EMAC, Emergency Management Assistance Compact-all aspects of mutual assistance compact which is at the core of the nation's program of mutual aid.

Since the 1950 Civil Defense and Disaster Treaty signed by the US, EMAC is the first treaty national disaster relief international. Convention. Convention. In 1996, 50 states have passed laws to become EMAC participants in their adoption and signing into statute, Columbia, Puerto Rico, Guam, US Virgin Islands and the Northern Mariana Islands.

A flexible and clear program allowing states to send personnel, supplies and resources to help in response and rehabilitation in other states provides assistance in Governor-declared emergencies or disaster areas.

8 0

2 years ago

In monopolistically competitive markets, resources are: Group of answer choices overallocated because long-run equilibrium occur

sasho [114]

Answer: underallocated because long-run equilibrium occurs where price exceeds marginal cost.

Explanation:

Monopolistic competition occurs when there are many firms that are producing products that are differentiated. It should also be noted that one typical characteristics of a monopolistic competition is a large number of firms coupled with low entry barriers.

It should be noted that in monopolistically competitive markets, resources are underallocated because long-run equilibrium occurs where price exceeds marginal cost..

3 0

3 years ago

Most economists A. apply the assumption that people rarely behave as if they act rationally although they do aim to maximize uti

aleksklad [387]

Answer:

The correct answer is letter "C": apply the assumption that people behave as if they act rationally with an aim to maximize utility.

Explanation:

The theory of rational expectations is mainly used in macroeconomics, with the idea that decisions of individuals will affect the future course of the economy. According to this theory, people's behaviors are based on rationality, all the information that they have available, and past experiences.

Some of the rational expectations theory's premises are that people hold expectations that will be met, variables values (price, output, and employment) are taken into account, and individuals are always trying to maximize their profits.

3 0

2 years ago

What is the best definition of a conclusion?

vfiekz [6]

Answer:

The best definition for conclusion is.... the end if if something or it is about to end

Hope this helped

5 0

3 years ago