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padilas [110]
3 years ago
12

The markup on a TV should be 58% based on selling price. If the seller paid $252 for one, then how much should it be sold for (i

n $) to achieve the desired markup?
Business
1 answer:
FinnZ [79.3K]3 years ago
3 0

Answer:

=$398.16

Explanation:

Mark up represents the desired profits of a product. A percentage mark-up increases the price of a product by that specific percentage.

If the cost is $252 and the required mark-up is 58%, the selling price will 58% higher than $252.

= 58% of 252 + 252

= (58/100 x 252 ) + $252

=$146.16 +252

=$398.16

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3 years ago
As organizations expand into global markets, business communicators need to become aware of their own culture and how it differs
Natalka [10]

Answer:

1. Robust middle class growth

2. Technological advancements

3. a) A beer and wine selection primarily made up of U.S. brands

b) A policy forbidding employees from dating each other

d) A friendliness policy encouraging employees to smile at customers

e) Plastic bags

Explanation:

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Technological advancements in the second question would be the only cause of better technologies such as the use of video teleconferencing in the example

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7 0
3 years ago
Define the term market share?
sertanlavr [38]

The part of a market controlled by a certain company or product

8 0
3 years ago
Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,400 at the end of each of the n
BigorU [14]

Answer:

$3,315.13

Explanation:

To determine the amount of inheritance Marshall should invest today, we have to calculate the present value of $5,400.

PV = FV (1 + r)^-n

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P = Present value

R = interest rate 5%

N = number of years 10

$5400(1.05^-10) = $3,315.13

I hope my answer helps you

3 0
3 years ago
On June 20 of the prior year, a company determined that a customer's account receivable was uncollectible and that the account s
fomenos

Answer:

B. No effect on net income; no effect on total assets

Explanation:

When you write off bad debt, the journal entry is:

Dr Allowance for doubtful accounts XYZ

    Cr Accounts receivable XYZ

This actually had no effect on the income statement, since the allowance account is already a contra asset account.

When the write off is reversed because the customer paid the debt, the journal entry is:

Dr Accounts receivable XYZ

    Cr Allowance for doubtful accounts XYZ

Dr Cash XYZ

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Again, since the company is using the allowance method, there is no real effect on the income statement nor total assets in the balance sheet.

5 0
3 years ago
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