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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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Which fiduciary act requires that an agent act in good faith and obey the principal's directions as outlined in the contract?
omeli [17]

Answer

Obedience

Explanation:

Obedience is a behavior that is aware and aware of principles and laws. Guardians, instructors, and cops all acknowledge acquiescence. Individuals show obedience when they adhere to the law,

In the given question it is given that agent act in good faith and obey the principles direction this is a obedience fiduciary act because in this can everyone have to be obey to the principles.  

7 0
2 years ago
4. Tom Busby owes $20,000 now. A lender will carry the debt for four more years at 8 percent interest. That is, in this particul
bezimeni [28]

Answer:

Tom Busby

His annual payment will be:

= $4,091.64

Explanation:

a) Data:

Loan = $20,000

Interest on loan for 4 years = 8% per annum

Amount of loan after 4 years = $27,200 ($20,000 * 1.360)

Payment period = 12 years

Interest rate during payment period = 11%

b) From online finance calculator:

You will need to pay $4,091 every year for 12 years to payoff the debt at 11% interest.

Monthly Payment $340.97

Annual Payment  $4,091.64

Time Required to Clear Debt 12.00 years

Total of 144 or 12 Payments = $49,099.25

Total Interest $21,899.25

8 0
3 years ago
An economic model can be defined as___________a. a testable claim which can be evaluated with proper data.b. a representation of
Radda [10]

Answer:

b. a representation of a theory or a part of a theory

Explanation:

A model is different from theory because is a more applied and empirical representation of a situation while the theory is more abstract. An economic model is a simplified prediction of a complex and real economic behavior, it uses variables to analyze different scenarios, it also uses logical and quantitative relationships between economic processes, is usually mathematical. <em>The results of these models can lead to a new investigation, theorization or to prove theories.</em>

I hope you find this information useful and interesting! Good luck!

5 0
3 years ago
​Johnny's Shop-and-Pay is a regional grocery​ chain, and its marketing manager is trying to determine the​ profit-maximizing cou
insens350 [35]

Answer:

50% discount

Explanation:

We have the formula

price = marginal cost*(E/(E + 1) )

We are given the following:

price per unit item = $10

elasticity of demand, E = -3 for coupon users

marginal cost MC = ?

Hence

10 = MC * (-3/(-3 + 1))

10 = MC * 1.5

MC = 10 / 1.5 = 6.67

So, the appropriate discount that can be given is

price - marginal cost = 10 - 6.67 = $3.33 per box

OR  3.33 / 6.67 = 50% discount over cost.

8 0
2 years ago
By systematically monitoring chat rooms, blogs, and personal websites to assess consumers' opinions about the new line of health
larisa [96]

Answer: Netnography

Explanation:

The netnography is one of the type of online research method that is used for understanding the social interaction by monitoring the blogs, room and the personal websites for assess the customer  different types of opinions.

The netnography is term which refers to the practicing of different types of research and it includes the data analysis, representation and the research ethics.

 According to the given question, harry is engaging in the practicing of the netnography as it systematically the personal websites and the also blogs that the company about the health drinks.    

 Therefore, Netnography is the correct answer.  

7 0
2 years ago
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