A company had the following information for 20XX: Net Sales Revenue Cost of Goods Sold Beginning Merchandise Inventory Purchases Cost of Goods Available for Sale Less: Ending Merchandise Inventory COGS Gross Profit $20,000 75,000 95,000 10,000 $ 140,000 85,000 55,000

Q: If management’s profit guidelines mandate gross margins of 25 percent, calculate the markup…

A: Here in this question, we are required to calculate the markup percentage. For solving this…

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Q: If the mark-up based on cost is 50%, what is the mark-up based on sales?

A: For any organization the cost and selling price of the product has to be well defined in order to…

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A: Present value is the equivalent value of the future cash flow based on the time value of money and…

Q: Complete the table  using the information provided and assume a VAT rate of 15%: Mark up on cost…

A: A. Cost price = profit / Mark up on cost = R40/20% = R200

Q: Calculate total revenue and fill in the table below. Price Quantity Total Revenue $50 60 $40 90

A: Introduction: Total revenues: Multiplying price with the quantities derives the Total revenues.…

Q: Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the…

A: Markup refers to the amount that is added to the cost price to compute the selling price of a…

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Q: Calculate the missing information. Round dollars to the nearest cent and percents to the nearest…

A: Given Information:Percent markup based on selling price is 46%

Q: Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The…

A: The overhead rate is calculated as estimated overhead cost divided by estimated base activity.

Q: Problem Three: ) Given the revenue function R(x) = x³+ 3x²+ x Find the average revenue of producing…

A: I) Average revenue is the price per unit sold Average revenue = Total revenue / No. of units…

Q: assume that markup is based on selling price. calculate cost and selling price. dollar markup s…

A: Cost =Selling price - markup Let selling price be X. Markup on sale = $5.60

Q: CM Aalio is Kequired Conhiloulin marain camount Rn dollarS alw thee

A: The difference between sales price and variable cost is termed as contribution margin. The…

Q: regardin on how to get income po... if you'll compute it the result will turn out 63,000 but on your…

A: Financial ratios are a way of analyzing and evaluating the performance of a business by using…

Q: Draw the profit-of-the-call line for a call with exercise price $50 and premium $3.

A: Given: Exercise price is $50 Premium = $3 ---------------------------- Call option gives holder a…

Q: A certain рroduct рayment offers 30 / 25 / 18/ 5 discounts. What is the total net рrice rate?

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Q: The Marine Division of Pacific Corp. has average invested assets of $120,000,000. Sales revenue of…

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Q: Where do you get 1.10 the one you multiple by 30% of gross profit

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Q: Find the markup rate based on selling price if the percent markup based on the cost is 14%.

A: Mark up means the gross profit margin earned on the basis of selling price or cost price. Markup on…

Q: IF the profit are 50% of operating cost, it is ……………. of invoice price a. 20% b. 25% c. 16.66667% d.…

A: Invoice price is calculated as operating cost plus profit markup.

Q: 2018 2019 2020 P7.50 Sales per unit Desired profit P9.00 P10.00 P15,000 P28,000 P30,000 Fixed costs…

A: Computation of requirement from 3 to 14 is as under:

Q: VAT exclusive price VAT inclusive price _(b). VAT Amount _(a). (d) R220 (c) (e) R862.50 R126 (f)…

A: VAT amount=VAt exclusive price*VAt rate

Q: Assume that markup is based on cost. Calculate the cost and sellin Note: Round your answers to the…

A: Introduction:- A mark-up is a percentage is added to the cost of a product. It is the difference…

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Q: Find the percent markup based on selling price, if the percent markup based on the cost is 18%.

A: Solution...     Markup on cost = 18%  Markup on sales = ?

Q: if dollar markup is $5.60 and percent markup is 101.82% on cost, what is cost and selling price?

A: Given that: Dollar markup = $5.60 Percent markup on cost = 101.82%

Q: A rate is made up of claims, retention and profit.  If 80% of a rate is claims, and retention…

A: Concept . In the given case , Rate comprises of claims , retention and profit. Rate = claims +…

Q: Dr. Zhivago Diagnostics Corporation's income statement for 20X1 is as follows: $ 2,800,000 1,780,000…

A: Formula for profit margin  = net income / net sales

Q: using the price p=20 - .05x, use the Revenue function to find the marginal Revenue function R'(x),…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: If the demand equation is Q = 100-10P. find the consumer’s surplus when the consumer purchases 18…

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A: MARGINAL COSTING INCOME STATEMENT Marginal Costing Income Statement is one of the Important Cost…

Q: A margin of 25% is equivalent to what markup?

A: If selling price = 100 Margin = 100*25% = 25 Cost = 100 - 25 = 75

Q: If an item will be priced according to a 55 percent gross margin and the item costs $20, use that…

A: Gross margin percent = 55% Cost of goods sold = $20