Assume that mark up is based on cost. Find the dollar mark up and percent mark up on cost for the following: Cost: $20.50 Selling Price: $30.00
Q: Quick answer of this accounting questions
A: Step 1: Definition of Contribution MarginContribution Margin is the difference between sales and…
Q: Accounting Problem: The markup on a new diamond ring should be 28% based on the selling price. If…
A: Step 1: Selling price = Cost/Cost ratioSelling price = Cost/(Sales ratio - Markup ratio) Step 2:…
Q: Provide correct answer general Accounting
A: Step 1: Define Standard Labor Cost Per Output UnitThe standard labor cost per output unit is the…
Q: The equity of Alliance Company is $198,300 and the total liabilities are $16,700. The total assets…
A: Explanation of Liabilities:Liabilities are financial obligations or debts that a company owes to…
Q: Units the price is ?????
A:
Q: Not use chart solution given correct answer general Accounting
A: Calculation of Units started and completed outUnits Completed and Transferred Out= Beginning WIP +…
Q: Subject: Financial Accounting
A: Concept of Net Sales:Net sales refer to the total revenue a company generates from selling its goods…
Q: What is the amount of net income?
A: Step 1: Define Net IncomeNet income is left with the business after providing for all the expenses…
Q: Calculate the equivalent units of production for the month, assuming the company uses the weighted…
A: To calculate the equivalent units of production (EUP) using the weighted-average method, we need to…
Q: What is net income under absorption costing???
A: Detailed explanation:Net Income using Variable Costing $ 908,000Less Change in Inventory :…
Q: A business incurs the following costs per unit: Labor $125/unit; Materials $45/unit and rent…
A: Step 1: Understand the ProblemA business incurs the following costs:Labor cost per unit: $125/unit…
Q: General Accounting Question
A: Step 1: Define Stockholders' EquityStockholders' Equity represents the residual interest in the…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Operating LeverageOperating leverage measures the sensitivity of a company's…
Q: Need help with this general accounting question
A: Step 1: Define Direct Materials BudgetThe direct materials budget is prepared to estimate the…
Q: Besse, Ltd. manufactures a single product that had the following cost structure this year: Variable…
A: Step 1: Understand Variable CostingUnder variable costing, only the variable manufacturing costs are…
Q: 4 POINTS
A: Calculation of Work in process (WIP) Inventory on hand at year-endWIP Inventory (End) on hand=WIP…
Q: Get correct answer general accounting question
A: Explanation: In the given case, we are required to calculate the monthly payment if the purchase of…
Q: Please provide this question solution general accounting
A: Step 1: Define Standard Cost VariancesIn a standard costing system, manufacturing expenses are…
Q: None
A: Explanation of Contribution Margin:The contribution margin represents the amount remaining from…
Q: Need this general account answer
A: Step 1: Recall the Formula for DOLThe formula for the degree of operating leverage is:…
Q: Provide correct answer general Accounting
A: Step 1: ROE needs to be computed by using the DuPont formula as stated below: ROE = Profit Margin *…
Q: Subject: Financial Accounting A company has the following information: 1) Net sales: $2,54,000 2)…
A: Step 1: Formula Earnings per share = Net income/Outstanding shares Step 2: Net income Net income =…
Q: What were Lory's net new stock issues in that year on these financial accounting question?
A: Step 1: Define New Issue of StockEquity financing is a costly source of funding and a company…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Allocation of Purchase PriceWhen a group of assets is purchased for a lump…
Q: Hii expert please given correct answer
A: Present Value of Perpetuity = Cash Flow/Interest Rate 3,000 = 240/Interest Rate Interest Rate =…
Q: Financial Accounting Question solution provide please
A: Step 1: Definition of Calculate Gain:Calculating gain refers to determining the difference between…
Q: I want to correct answer accounting questions
A: Step 1: Calculate Realized Gain• Formula: Realized Gain = (FMV of Stock + Boot) - Adjusted Basis of…
Q: What is ending inventory??
A: Step 1: Define Cost of GoodsThe cost of inventory held for sale, the cost of sales, and the cost of…
Q: What is the economic order quantity of this accounting question?
A: The EOQ is a very important concept in the management of inventory. It refers to the optimum number…
Q: Hello tutor provide correct answer general Accounting
A: Step 1: Define Cost of Goods SoldThe cost of goods sold is the sum of all direct expenses incurred…
Q: I need this question answer general Accounting
A: Step 1: Define Inventory ShrinkageInventory shrinkage is the loss of inventory that occurs due to…
Q: What is The correct amount of current liabilities to be reported the on balance sheet
A: Step 1: Definition of Current LiabilitiesCurrent liabilities are obligations expected to be settled…
Q: Not use ai solution given correct answer general Accounting
A: Explanation: The formula to calculate material price variance is as follows:Material price variance…
Q: Financial accounting question
A: Step 1: Define Du Pont AnalysisDu Pont model aids in assessing return equity. To obtain a clear…
Q: What is the amount of gain
A: Step 1: Definition of Gain on SaleThe gain on sale of property is calculated as the difference…
Q: The per unit manufacturing cost under variable costing is _.
A: To calculate the per unit manufacturing cost under variable costing, we include only the variable…
Q: General accounting
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: None
A: To determine the initial investment (present value, PPP), we use the formula for compound…
Q: Please solve general account questions
A: Step 1: Understand the Flow of UnitsIn a production process, units are accounted for using the…
Q: What is the correcting entry on these general accounting question?
A: Purchase of Office Supplies = $5,000Supplies remain in hand at year-end = $2000Thus, Supplies…
Q: Don't use ai given answer accounting questions
A: Step 1: Contribution margin Contribution margin = Sales - Variable expensesContribution margin =…
Q: Subject is general account
A: To compute the cost of the units transferred to the next department, we use the equivalent units of…
Q: The matching principle requires that: (a) Expenses are recorded when cash is paid (b) Assets and…
A: Option (a): Expenses are recorded when cash is paid.It describes cash accounting, not the matching…
Q: Please solve this question general accounting
A: To calculate the amount of investment , we can use the formula for compound interest:A = P (1 +…
Q: A business purchases equipment for $25,000, paying $6,000 in cash and signing a note payable for the…
A: Concept of Total Cost:The total cost refers to the complete monetary value of an asset, including…
Q: Calculate eps
A: Explanation of Net Sales: Net sales represents the total revenue generated from selling goods or…
Q: PLease provide general account answer
A: We need to determine the cost of supplies at the beginning of the year. The relationship between the…
Q: Don't use ai given answer accounting questions
A: To calculate the price-earnings (P/E) ratio, we first need to find the earnings per share (EPS) and…
Q: Solve this question financial accounting
A: Step 1: Define Capital Gains YieldCapital gains yield measures the percentage change in the price of…
Q: profit for the period
A: Explanation of Sales Revenue:Sales revenue refers to the total income a business generates from…
General Accounting Question please answer
Step by step
Solved in 2 steps
- Solve this problemAssume that markup is based on cost. Find the dollarmarkup and percent markup on cost for the following. 1. Cost: $24.65 2. Selling Price: $28.70. Help me tutorAssume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. 1. Cost: $23.75 2. Selling Price: $29.50.
- I need helpCalculate the dollar markup and costK Suppose that a company offers quantity discounts. If up to 1,000 units are purchased, the unit price is $12; if more than 1,000 and up to 5,000 units are purchased, the unit price is $8.00; and if more than 5,000 units are purchased, the unit price is $7.50. Develop an Excel template using the VLOOKUP function to find the unit price associated with any order quantity and compute the total cost of the order. Complete the formulas in the spreadsheet below. Select the correct VLOOKUP function in cell C8 to find the unit price for the order quantity. (Type integers or decimals rounded to two decimal places as needed.) 1 2 3 5 6 7 8 6 A B C Purchase Quantity 1 to 1000 1001 to 5000 5001 or more Quantity Ordered Unit Price Total Cost 2400 D Unit Price $ $ $