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Oksi-84 [34.3K]
3 years ago
5

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

Business
1 answer:
RSB [31]3 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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d<u>ebt issued by firms and governments,</u>

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  • A bond describes the indebtedness that is issued to the holder, the most common types include the corporate and the municipal bonds.
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A production-based emphasis toward a low-cost provider strategy usually requires a company to strive for Select one: a. product
leva [86]

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4 0
3 years ago
Sabrina Company borrowed $225,000 to buy an equipment on January 1, 2019, and signed a 7% instalment note requiring annual equal
allsm [11]

Answer:

The correct option is b. $206,466.

Explanation:

Interest expense on December 31, 2019 = Note payable on January 1, 2019 * Interest rate = $225,000 * 7% = $15,750

Principal paid on December 31, 2019 = Annual fixed installment - Interest expense on December 31, 2019 = $24,704 - $15,750 = $8,954

Note Payable balance on January 1, 2020 = Note payable on January 1, 2019 - Principal paid on December 31, 2019 = $225,000 - $8,954 = $216,046

Interest expense on December 31, 2020 = Note payable on January 1, 2020 * Interest rate =$216,046 * 7% = $15,123

Principal paid on December 31, 2020 = Annual fixed installment - Interest expense on December 31, 2020 = $24,704 - $15,123 = $9,581

Note Payable balance on January 1, 2021 = Note payable balance on January 1, 2020 - Principal paid on December 31, 2020 = $216,046 - $9,581 = 206,465

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5 0
3 years ago
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