An item was marked up from $58.50 to $95.00, then later marked down by 30% during a
Question:
a. The original rate of markup on selling price.
b. The price during the Spring Sale.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
a M S C 9500 5850 3650 b D 030 ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
An item was marked up from $24.99 to $49.98 before it was marked down to $24.99 and sold at cost. Determine: a. The rate of markup on cost. b. The rate of markdown.
-
An item that cost $37.25 was marked up by 60% of cost. Later, the retail price was reduced to $41.72. If unit overhead expenses were 20% of cost, what was the unit operating profit at the reduced...
-
An item costing $185 was marked up by 50% of cost and subsequently marked down by $60 during a sale. Determine: a. The regular selling price. b. The rate of markdown.
-
The position of a particle moving along 12t2 2t, where r is in meters and t is in an r-axis is given by x = seconds. i Determine the acceleration of the particle at t = 3.0 s. ii What are the...
-
Prepare journal entries to record the following merchandising transactions of Flora Company, which applies the perpetual inventory system. (It will help to identify each receivable and payable; for...
-
Assume that the Siletz River data are lognormally distributed. Find the following. (a) Peak flow of the 100-yr flood (b) Peak flow of the 50-yr flood (c) Probability that a flood will be less than or...
-
Briefly describe the auditor's strategy when applying probability-proportional-tosize sampling.
-
The following trial balance of Scarlatti Corporation does not balance. An examination of the ledger shows these errors.1. Cash received from a customer on account was recorded (both debit and credit)...
-
Discuss about Gyu-Kaku Japanese BBQ (chain restaurant), find out what their vision and mission statements are, and impact during the pandemic. Discuss their business strategy and policy, and what...
-
Assume that you recently graduated and landed a job as a financial planner with Cicero Services, an investment advisory company. Your first client recently inherited some assets and has asked you to...
-
Digital Devices sets its retail prices on computers, monitors, and printers to generate a 30% rate of markup on selling price. Overhead expenses normally work out to be 30% of cost. What is the...
-
Calculate the missing values List price (S) Discount rate (%) Discount amount (S) Net price (S) 2849.00 12.5
-
To 1.0 L of a 0.30 M solution of HClO 2 is added 0.20 mol of NaF. Calculate the [HClO 2 ] at equilibrium.
-
Write a program to determine the 100 actors with the most movies, and the number of movies in which they appear. For each movie, produce a map whose keys are the actors, all with value 1. Merge those...
-
How is a ResultSet different from an Iterator?
-
Read all words in a file and group them by the first letter (in lowercase). Print the average word length for each initial letter. Use collect and Collectors.groupingBy.
-
Describe five different ways of producing an IntStream. Which of them can be adapted to producing a DoubleStream?
-
Write a static generic method: that returns a list of the values returned by the function when called with arguments in the values list. List map (List values, Function f)
-
Evaluate the following integrals. /4 -/4 V1 cos 4x dx
-
Tarick Toys Company manufactures video game consoles and accounts for product costs using process costing. The following information is available regarding its June inventories. The following...
-
Novell Electronics recently bought a patent that will allow it to bring a new product to market in 2 1/2 years. Sales forecasts indicate that the product will increase the quarterly profits by...
-
Leslie received a settlement when her employer declared her job redundant. Under special provisions of the Income Tax Act, she was eligible to put $22,000 of the settlement in an RRSP. Fifteen years...
-
You have just received a $35,000 gift from your parents, representing your share of the sale of the family cottage. You will invest this money, then use it to fund a round the world trip that you...
-
How can the circular wait condition be detected and broken to prevent deadlock in complex systems with multiple interdependent resources ?
-
Case Study 1\ You have been appointed as a financial analyst for the Axis International Company, a profitable retail company. The director of Finance, belonging to the capital budgeting division has...
-
How can I find a rival hypothesis for my current thesis of Walmart's CEO should implement intra-team communication for all associates to help with communication barriers between managers and...
Study smarter with the SolutionInn App