Homework Answers
Markup=300*65%=$195
Hence selling price=Cost+Markup
=300+195
which is equal to
=$495
Add Answer to:
Jun 1, 202 MicroAge sells cellphones at a selling price that includes a 65% markup on...
An item sells with a markup of 37% on selling price. What is the markup as...
An item sells with a markup of 37% on selling price. What is the markup as a percentage on cost?
1. Stratege Consulting owns a cellphone store where it buys and sells cellphones as the store's main business activ...
1. Stratege Consulting owns a cellphone store where it buys and sells cellphones as the store's main business activity. Below are Stratege Consulting LLC transactions for the month of March 2019. . . . . . 3/1 Began with 200 cellphones @ $50 in its inventory 3/10 Purchased 100 cellphones @ $40 3/20 Purchased 150 cellphones @ $40 3/27 Purchased 250 cellphones @ $30 3/31 250 cellphone remained on hand Instructions: Using the Periodic Method of Inventory Cost Flow: 1....
Sheridan Service sells oil at a markup of 48% of the selling price. Sheridan paid $1.03...
Sheridan Service sells oil at a markup of 48% of the selling price. Sheridan paid $1.03 per litre of oil (a) What is the selling price per litre? (b) What is the rate of markup based on cost? (a) The selling price per litre is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The rate of markup based on cost is % (Round the final answer...
Sheridan Service sells oil at a markup of 46% of the selling price. Sheridan paid $0.94...
Sheridan Service sells oil at a markup of 46% of the selling price. Sheridan paid $0.94 per litre of oil. (a) What is the selling price per litre? (b) What is the rate of markup based on cost? (a) The selling price per litre is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The rate of markup based on cost is %. (Round the final answer...
EXERCISES IN FINANCIAL ANALYSIS OF MARKETING DECISIONS 1. An item sells with a markup of 37...
EXERCISES IN FINANCIAL ANALYSIS OF MARKETING DECISIONS 1. An item sells with a markup of 37 per cent on selling price. What is the markup as a percentage on cost? 2. Nora Chambers is preparing a new product analysis for a product she has code- named L240. She has decided L240 should sell at $94.95 retail, based on her market research. Retailers customarily expect a 40 per cent markup and wholesalers, a 20 per cent markup (both expressed as a...
Vaughan Company sells a product that has a selling price of $15 por unit its variable...
Vaughan Company sells a product that has a selling price of $15 por unit its variable cost per unit is $11. Total fixed costs are $30,000 per year. If Vaughan sells 20,000 units this year, her total contribution margin shown on her income statement will be O A $50,000 O B. $220,000 OC. $80,000 OD. none of the above
Please Highlight the final answer Required: 1. Determine the price for the part using a markup...
Please Highlight the final answer
Required: 1. Determine the price for the part using a markup of 45% of full manufacturing cost. 2. Determine the price for the part using a markup of 23% of full life-cycle cost. 3. Determine the price for the part using a desired gross margin percentage to sales of 43%. 4. Determine the price for the part using a desired life-cycle cost margin percentage to sales of 20%. 5. Determine the price for the part...
46.) Electronic Component Company (ECC) is a producer of high-end video and music equipment. ECC currently...
46.) Electronic Component Company (ECC) is a producer of high-end video and music equipment. ECC currently sells its top of the line "ECC" video player for a price of $410. It costs ECC $290 to make the player. ECC's main competitor is coming to market with a new video player that will sell for a price of $380. ECC feels that it must reduce its price to $380 in order to compete. The sales and marketing department of ECC believes...
For years, Worley believed that the 5% markup covered its selling and admi at the 5%...
For years, Worley believed that the 5% markup covered its selling and admi at the 5% markup covered its selling and administrative expenses and provided a reasonable profit. However, in the face of declining profits Worley acco ver, in the face of declining profits Worley decided to imple- ment an activity-based costing system to help improve its understanding of customer pro d u somer profitability The company broke its selling and administrative expenses into five activities as shown Total Cost...
V Boutique is a fashion house that designs, manufactures, and sells evening gowns. Their lowest-selling design...
V Boutique is a fashion house that designs, manufactures, and sells evening gowns. Their lowest-selling design is a vibrant green strapless gown in Dupioni silk. V Boutique is considering lowering the selling price of the gown to stimulate demand. However, before lowering the price, they must evaluate the total costs associated with the gown. 1. Fabric and materials - $62/gown Labor to construct the gown - $40/gown Equipment cost for these gowns (steamer and sewing machines) $3,000 V Boutique anticipates...
1. Stratege Consulting owns a cellphone store where it buys and sells cellphones as the store's main business activity. Below are Stratege Consulting LLC transactions for the month of March 2019. . . . . . 3/1 Began with 200 cellphones @ $50 in its inventory 3/10 Purchased 100 cellphones @ $40 3/20 Purchased 150 cellphones @ $40 3/27 Purchased 250 cellphones @ $30 3/31 250 cellphone remained on hand Instructions: Using the Periodic Method of Inventory Cost Flow: 1....
Sheridan Service sells oil at a markup of 48% of the selling price. Sheridan paid $1.03 per litre of oil (a) What is the selling price per litre? (b) What is the rate of markup based on cost? (a) The selling price per litre is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The rate of markup based on cost is % (Round the final answer...
Sheridan Service sells oil at a markup of 46% of the selling price. Sheridan paid $0.94 per litre of oil. (a) What is the selling price per litre? (b) What is the rate of markup based on cost? (a) The selling price per litre is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The rate of markup based on cost is %. (Round the final answer...
EXERCISES IN FINANCIAL ANALYSIS OF MARKETING DECISIONS 1. An item sells with a markup of 37 per cent on selling price. What is the markup as a percentage on cost? 2. Nora Chambers is preparing a new product analysis for a product she has code- named L240. She has decided L240 should sell at $94.95 retail, based on her market research. Retailers customarily expect a 40 per cent markup and wholesalers, a 20 per cent markup (both expressed as a...
Vaughan Company sells a product that has a selling price of $15 por unit its variable cost per unit is $11. Total fixed costs are $30,000 per year. If Vaughan sells 20,000 units this year, her total contribution margin shown on her income statement will be O A $50,000 O B. $220,000 OC. $80,000 OD. none of the above
Please Highlight the final answer
Required: 1. Determine the price for the part using a markup of 45% of full manufacturing cost. 2. Determine the price for the part using a markup of 23% of full life-cycle cost. 3. Determine the price for the part using a desired gross margin percentage to sales of 43%. 4. Determine the price for the part using a desired life-cycle cost margin percentage to sales of 20%. 5. Determine the price for the part...
For years, Worley believed that the 5% markup covered its selling and admi at the 5% markup covered its selling and administrative expenses and provided a reasonable profit. However, in the face of declining profits Worley acco ver, in the face of declining profits Worley decided to imple- ment an activity-based costing system to help improve its understanding of customer pro d u somer profitability The company broke its selling and administrative expenses into five activities as shown Total Cost...
Most questions answered within 3 hours.
-
After watching the lectures I am still having a hard time
understanding these equations.
1. The...
asked 51 minutes ago -
Testing:
H0:μ=56.9
H1:μ<56.9
Your sample consists of 23 subjects, with a mean of 56.3 and
standard...
asked 54 minutes ago -
straight wire, labeled as Wire A, lies horizontally on a
tabletop and is oriented to run...
asked 56 minutes ago -
For a Chi-Squared Goodness of Fit Test about a uniform
distribution, complete the table.
Round to...
asked 1 hour ago -
Milk of magnesia is only slightly soluble in water. Kc for the
reaction Mg(OHs)(s)>Mg2+(a) + 2OH-1(aq)...
asked 1 hour ago -
Excel's HYPGEOM.DIST function can be used to compute _____.
a. both hypergeometric probabilities and cumulative
hypergeometric...
asked 1 hour ago -
The rocket used for the human lunar missions was the Saturn V
rocket. At liftoff the...
asked 1 hour ago -
1. The East Street Bagel Shop has a weekly demand for 3,500
bagels, which they make...
asked 1 hour ago -
paraphrasing each paragraph
“Where two or more persons knowingly act together unlawfully,
the act of each...
asked 1 hour ago -
The lateral line system in fish is contained which of the
following?
chemoreceptors
photoreceptors
mechanoreceptors
odor...
asked 1 hour ago -
Find the y-intercept of y =-5 x. The y-intercept of y equals
negative 5 x is______...
asked 1 hour ago -
Customers arrive randomly at a gas station at the average rate
of 30 per hour, while...
asked 1 hour ago