Homework Answers
Cost + markup = Sales price.
| Cost | Markup | Sale price |
| ? | $85 | ? |
| 100% | 25% |
125% |
Generally markup is based on cost. Hence 25% of cost = $85. then Cost is $85/25%= $340. Hence retail price or selling price is cost+markup=$340+$85= $425.
Q6)The suit cost the buyer $425.
Q7) The original retail price minus actual selling price = Markdown. In this case the initial retail price is $425.
Add Answer to:
Also, what will be the inita retail price of the suit before any
markdowns?
Based on...
Question 5 3 pt A buyer of men's shirts has a price point (desired retail selling price) of $79.99 and requires a m...
Question 5 3 pt A buyer of men's shirts has a price point (desired retail selling price) of $79.99 and requires a markup of 65% @ cost. When shopping various vendors, what is the highest cost the buyer should be willing to pay for these shirts to meet his price point and earn his desired markup percentage? Note: Please provide only the numerical answer; no dollar sign. For final answer round to whole number (no decimal points).
two questions A furniture retailer have a couch and a love seat on sale at a final closeout price of $1999. It was...
two questions
A furniture retailer have a couch and a love seat on sale at a final closeout price of $1999. It was originally priced at $3,799. It went through a series of markdowns to arrive at this final closeout price. The retailer purchases the table and chairs for $699 from its vendors overseas. Question 8 4 pts What is the initial markup on the item? (Note: Please provide the numerical answer - no dollar sign needed. Final answer has...
Consider the following information from Mike's Appliance Store (Projected for 2019). What is initial markup percentage...
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What additional information, if any, should be obtained before making a final decision? Downtown Parking Authority In J...
What additional information, if any, should be obtained
before making a final decision?
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I am having trouble with transaction 5 in the 10th edition SUA packet. I included the...
I am having trouble with transaction 5 in the 10th edition SUA
packet. I included the transaction description, flowchart, and the
promissory note.
I confused as to what I'm supposed to do. Do I put this in the
ledger or journal? If so which one; cash reciepts, sales journal
etc. Please help! I'm not an accounting major so things are a bit
confusing for me!
Vendor address: 1285 Colgrove Ave., Pierre, SD 57501 Freight carrier: Interstate Motor Freight Freight charges:...
Questions: For Kroger deposits in transit: What is the account titled Store deposits in-transit (refer to footnote...
Questions: For Kroger deposits in transit: What is
the account titled Store deposits in-transit (refer to footnote 1)?
This is not an account you will find on the majority of company
financial statements. Why does Kroger include this account? Is it
odd that this account is larger than the cash balance? How do you
explain this?
Information Needed to Answer Questions:
Jan. 28, 2017 Jan. 30, 2016 $322 910 1,649 7,852 (1,291) 898 $ 277 923 1,734 7,440 (1,272) 790 9,892...
Please answer all the questions. Thanks. Based on Exhibit 4-2, Form 1040. Please see attached Forms1040...
Please answer all the questions.
Thanks.
Based on Exhibit 4-2, Form 1040. Please see attached Forms1040 for 2018 and 2017. Note three similarities and three differences between the 2017 tax form and the 2018 draft form 1040 Three differences: 2. 3. Three similarities: 2. 3. Comment 1040U, Individual Income Tax Retum21sr Home addressnuber and str you have a PO bex, see instrutions 1 Single Mamied fling jointly leven if only ane had income Check only one3Married fling separately. Enter spouse's...
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Question 9a, 9b, 9c, and 9b and Question 6e and 6f (Also please review if ive...
Question 9a, 9b, 9c, and 9b and Question 6e and 6f
(Also please review if ive done the assignment correct)
1) Summarize the information for TrueBeat from 09 & 10 of HW 1.1 assuming they produce and sell 1,000 drum sets during the year. Remember to use 2 decimals for “per unit" values. Total Dollars TrueBeat - Summarized connect given data Average Cost per Unit Direct materials Direct labor $ 90 Variable manufacturing overhead $ 35 Fixed manufacturing overhead $...
Question 5 3 pt A buyer of men's shirts has a price point (desired retail selling price) of $79.99 and requires a markup of 65% @ cost. When shopping various vendors, what is the highest cost the buyer should be willing to pay for these shirts to meet his price point and earn his desired markup percentage? Note: Please provide only the numerical answer; no dollar sign. For final answer round to whole number (no decimal points).
two questions
A furniture retailer have a couch and a love seat on sale at a final closeout price of $1999. It was originally priced at $3,799. It went through a series of markdowns to arrive at this final closeout price. The retailer purchases the table and chairs for $699 from its vendors overseas. Question 8 4 pts What is the initial markup on the item? (Note: Please provide the numerical answer - no dollar sign needed. Final answer has...
Consider the following information from Mike's Appliance Store (Projected for 2019). What is initial markup percentage at retail? (Note: Please only provide the numerical answer. No need to include the percentage sign. Format of answer should be = .xx) Net Sales Operating expenses Net profit goal Planned reductions for markdowns Planned reductions for theft $1,150,000 24% of net sales 9% of net sales $62,000 $13,000
What additional information, if any, should be obtained
before making a final decision?
Downtown Parking Authority In January a meeting was held in the office of the mayor of Oakmont to discuss a unicipal parking facility. The participants included the mayor, the traffic proposca the administrator of Oakmont's Downtown Parking Authority, the city planner, and the finance director. The purpose of the meeting was to consider a report Richard Stockton, executive assistant to the Parking Authority's administrator, concerning estimated costs...
I am having trouble with transaction 5 in the 10th edition SUA
packet. I included the transaction description, flowchart, and the
promissory note.
I confused as to what I'm supposed to do. Do I put this in the
ledger or journal? If so which one; cash reciepts, sales journal
etc. Please help! I'm not an accounting major so things are a bit
confusing for me!
Vendor address: 1285 Colgrove Ave., Pierre, SD 57501 Freight carrier: Interstate Motor Freight Freight charges:...
Questions: For Kroger deposits in transit: What is
the account titled Store deposits in-transit (refer to footnote 1)?
This is not an account you will find on the majority of company
financial statements. Why does Kroger include this account? Is it
odd that this account is larger than the cash balance? How do you
explain this?
Information Needed to Answer Questions:
Jan. 28, 2017 Jan. 30, 2016 $322 910 1,649 7,852 (1,291) 898 $ 277 923 1,734 7,440 (1,272) 790 9,892...
Please answer all the questions.
Thanks.
Based on Exhibit 4-2, Form 1040. Please see attached Forms1040 for 2018 and 2017. Note three similarities and three differences between the 2017 tax form and the 2018 draft form 1040 Three differences: 2. 3. Three similarities: 2. 3. Comment 1040U, Individual Income Tax Retum21sr Home addressnuber and str you have a PO bex, see instrutions 1 Single Mamied fling jointly leven if only ane had income Check only one3Married fling separately. Enter spouse's...
Question 9a, 9b, 9c, and 9b and Question 6e and 6f
(Also please review if ive done the assignment correct)
1) Summarize the information for TrueBeat from 09 & 10 of HW 1.1 assuming they produce and sell 1,000 drum sets during the year. Remember to use 2 decimals for “per unit" values. Total Dollars TrueBeat - Summarized connect given data Average Cost per Unit Direct materials Direct labor $ 90 Variable manufacturing overhead $ 35 Fixed manufacturing overhead $...
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