A business estimates its operating expenses at 35% and its net profit at 20%, based on the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
35 20 55 percent markup bas...View the full answer
Answered By
Joseph wambui
I've adverse experience in tutoring and writing of journals and poems
0.00
0 Reviews
10+ Question Solved
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Question Posted:
Students also viewed these Finance questions
-
A desk organizer sells for $35, which includes a markup rate of 60% based on the selling price, a. Find the markup based on b. Find the cost, selling price.
-
At Town Lighting, a light fixture is sold at a price of $382.20, including a markup of 40% of cost. (a) What is the cost of the item? (b) What is the rate of markup based on the selling price?
-
The Pottery bought 600 pans auctioned off for $4950. This means that each pan has the same cost. On inspection, the pans were classified as normal quality, seconds, or substandard. The 360...
-
You are the manager of a large car dealership. At present, you rely on a large pool of dealers to sell your product, but you have noticed recently that consumer opinion appears to be turning away...
-
Explain the risk categories for cloud computing and how these risks may differ from a company that maintains its own IT hardware, software, and data.
-
E15.13 (LO 3) (Stock Split and Stock Dividend) The common stock of Alexander Hamilton Inc. is currently selling at $120 per share. The directors wish to reduce the share price and increase share vol-...
-
In a window air-conditioner, air filter is placed (a) in the path of return air (b) in the path of supply air (c) after evaporator coil (d) before evaporator coil
-
Frate Company was formed on January 1, 2014. The following information is available from Frates inventory records for Product Ply: .:. A physical inventory on December 31, 2014, shows 1,600 units on...
-
Review the major theoretical models , including the neuroscience, evolutionary, behavior genetics, psychodynamic, behavioral, cognitive, and social-cultural theoretical models. Think about the major...
-
To evaluate the quality of its airline service, airline managers want to randomly sample passengers traveling between two large airports. On a particular day, all 578 passengers flying between the...
-
Pro Peds, a local athletic shoe manufacturer, makes a training shoe at a cost of $22 per pair. This cost includes raw materials and labor only. A check of previous factory runs indicates that 10% of...
-
Twenty decorative enamel balls cost $12.75 each and are marked up $9.56. a. Find the selling price for each one. b. Find the total amount of margin or markup for the 20 balls.
-
Briefly explain the process of top-down analysis.
-
Journal Entry for Fees Earned Prepare a journal entry on August 1 3 for cash received for services rendered, $ 7 , 4 8 0 . If an amount box does not require an entry, leave it blank.
-
A game costs $2.00 to play. In the game, the player picks a card at random from a standard deck of cards. If the card is a face card, the player receives $9.00, if the card is not a face card, the...
-
Q.6 Hi-tech Limited (HL) assembles and sells various components of heavy construction equipment. HL is working on a proposal of assembling a new component EXV-99. Based on study of the product and...
-
29. A distance of 345.75 ft is measured by a survey crew. The true distance is known to be 345.82 ft. What is the relative accuracy of the measurement?
-
Kidd Company produces two products. Budgeted annual income statements for the two products are provided as follows. Power Lite Total Budgeted Number Per Unit Budgeted Amount Budgeted Number Per Unit...
-
Differentiate. y = 3 3 x
-
Illini Company, Inc. Balance Sheet as of 12/31/20X0 Assets Current Assets: Cash $1,500,000 Accounts receivable, net 18,000 Inventory 50,000 Total current assets 1,568,000 Equipment 90,000 Goodwill...
-
An investor is prepared to buy short-term promissory notes at a price that will provide him with a return on investment of 12%. What amount would he pay on August 9 for a 120-day note dated July 18...
-
Calculate the missing values for the promissory notes described Issue date Term 9 months Legal due date Oct 3
-
Calculate the missing values for the promissory notes described Issue date Term Legal due date Sept 2 180 days
-
Compare and contrast different deadlock prevention techniques such as resource ordering, the "hold and wait" condition, and preemptive resource allocation. Which methods are most effective for...
-
The following information is taken from Aden Company's records: Product Group Units Cost/Unit Market/Unit A 1 700 $1.10 $0.90 B 1 250 1.50 1.55 C 2 150 4.90 5.15 D 2 100 6.50 6.40 E 3 80 25.00 24.60...
-
American Food Services, Incorporated leased a packaging machine from Barton and Barton Corporation. Barton and Barton completed construction of the machine on January 1, 2024. The lease agreement for...
Study smarter with the SolutionInn App