Selling price = $795; reduced price = $650. Find the markdown amount and the rate of markdown.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
M S N M 795 6...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
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Question Posted:
Students also viewed these Finance questions
-
An item sells for $48 and is reduced to sell for $30. Find the markdown amount and the rate of markdown.
-
Solve the problem. Round to the nearest cent or tenth of a percent. Reduced price = $22.21; markdown rate = 35%. Find the original price and the markdown amount. A. Original price = $14.44 Markdown...
-
Selling price = $850; reduced (new) price = $500. Find the markdown amount and the rate of markdown.
-
How does the trade-off between decision management and decision control affect the form that an absorption cost system takes within a particular firm?
-
Ethical dilemma involving a CEO. Required: a. Discuss whether Mr. Brocamps violation of corporate ethics policy affects or reflects the control environment of the company. b. Since the violation is...
-
Lester Inc., a merchandiser, provided the following partial list of income statement categories and amounts for the fiscal year ended June 30: Income Statement Category Amount Operating Income...
-
A control chart is a graphical tool to help determine if a process may be exhibiting non-random variation that needs to be investigated. If non-random variation is present, the process is said to be...
-
Rolodex, Inc., is in the process of determining its capital budget for the next fiscal year. The firms current capital structure, which it considers to be optimal, is contained in the following...
-
A fund manager wants to hedge the exposure of her US equity portfolio using futures contracts on the S&P 500. Her portfolio has a value of 10 million USD and a beta of 1.4. The S&P 500 futures is...
-
Palisade Creek Co. is a merchandising business that uses the perpetual inventory system. The account balances for Palisade Creek as of May 1, 2018 (unless otherwise indicated), are as follows: During...
-
An item is reduced from $585 to sell for $499. What is the markdown amount and the rate of markdown?
-
An item is originally priced to sell for $75 and is marked down 40%. A customer has a coupon for an additional 15%. What is the total percent reduction and the final selling price?
-
A power company began employing women as meter readers, and the job classification went from all-male to all-female within a few years. The labor union that represented bargaining-unit employees...
-
Write a program (LetterGrades.py) that allows a student to enter their score of quiz 1. The program will display their letter grade at Coquitlam College according to the table for lettergrades at the...
-
In a reorder point inventory problem, the standard deviation of the annual demand is 186 units, and the supply lead time is 11 days. What is the standard deviation of the lead time demand? (1...
-
Think about a job you or a friend or relative have held. Briefly describe the job tasks and the working conditions. What are possible safety concerns? Explain. How can the jobholder avoid...
-
How does advanced organizational behavior research illuminate the impact of role conflict on team dynamics and collective productivity, and what interventions can managers implement to foster role...
-
David was moving a drum of oil around his circular outdoor pool when the drum cracked, and the oil spilled into the pool. the oil spread itself evenly over the surface of the pool. let V denote the...
-
Plot the graphs of (a) y = x + 2 (b) Explain the difference between the graphs. y = x - 4 2 x-2
-
d. The characteristic equation of a control system is given by s+2s+8s+12s+20s+16+16=0. Determine the number of the roots of the equation which lie on the imaginary axis of s-plane
-
A $15,000 loan at 11.5% compounded semiannually is advanced today. Two payments of $4000 are to be made one year and three years from now. The balance is to be paid in five years. What will the third...
-
A $4000 loan at 10% compounded monthly is to be repaid by three equal payments due 5, 10, and 15 months from the date of the loan. What is the size of the payments?
-
A $10,000 loan at 8% compounded semiannually is to be repaid by three equal payments due 2 , 4, and 7 years after the date of the loan. What is the size of each payment?
-
1 . What were the problems faced by Income in this case? How were the problems resolved by the new digital system? 2 . What types of information systems and business processes were used by Income...
-
A distant cousin of yours had inherited some money so he was able to realise his life long ambition to set up in business and sell that well known financial publication, the National Review. He put R...
-
Is Mr . Nikhil, a non - resident, liable to pay taxes in India for the financial year 2 0 2 2 - 2 3 based onthe following transactions: ( a ) He received Rs 2 0 lakhs for the use of a patent for a...
Study smarter with the SolutionInn App