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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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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- Need helpIntro The current exchange rate between the dollar and the Swiss franc is $1.14 per franc. Interest rates are 4% in the U.S. and 5% in Switzerland, for all maturities. The interest rates are quoted with continuous compounding. Part 1 * Attempt 1/4 for What should be the forward price, i.e., the forward exchange rate, for delivery in 3 months (in dollars per franc)? 2+ decimals SubmitQno: 03 The Islamic bank sells him a machinery at a mark-up of 10% per annum constant rate of return with a financing period of 5 years. Instalments are paid yearly Item Amount The cost of machinery from china 425,000 Shipping charges 57000 Insurance cost 27500 transportation cost 16500 customs fees 129000 Total 6,55,000 A. Calculate the mark-up, murabaha selling price, the yearly instalment, and the profit recognised per year. B. The journal entries in the bank records for initiation and recording of the receipt of the instalments and recognition of profit if profit is recognised when the instalments are received and all instalments are received on schedule.
- F3A 180 day $3 million CD has a 4.25% annual rate quote. If you buy the CD, how much will you collect in 180 days? A. $3,045.678 B. $3,063,750 C. $3,062,877 D. $3,047,439Assume a $290,000 investment and the following cash flows for two products: Year Product X 1 A234 4 $ 100,000 100,000 75,000 40,000 Product Y $ 90,000 100,000 Product X Product Y 80,000 40,000 a. Calculate the payback for products X and Y. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. years years b. Which alternative would you select under the payback method? Product X is selected O Product Y is selected