Accounting Problem: The markup on a new diamond ring should be 28% based on the selling price. If the seller paid $7,325.00 for one, then how much should it be sold for to achieve the desired markup? a. $6,033.33 b. $4,550.00 c. $10,173.61 d. $5,000.00
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- Calculate the cap rate using the following information. NOI is $10,000. Acquisition price is $100,000. Mortgage expense is $3,000. Utility expense is $4,000. Selling cost is $12.000. A. 12% B. 7% C. 4% D. 10%The current spot rate for USD/GBP is 1.058 1.086. If you were to buy £4,799,207 worth of dollars and then sell them five minutes later, how much would the dealer make on your transactions? IUsing the spot rate of pounds quoted at $1.624-31, if you would like to convert $10,000 to pounds, and then converting back to dollars, the last dollar value would be ________. A. $8,932.45 B. $9,423.93 C. $9,957.08 D. $8,751.22
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