Account Calculate:a. the final selling price to the nearest centb. markdown percent to the nearest hundredth percent.ItemTotal quantityboughtUnitTotalCostCostcostPercent markup on Total SellingPricePercent that willspoilSelling price perbrownieBrownies 20.79?60%?10%?

1. First, let's calculate the Total Cost:* Total quantity (20) × Unit cost ($0.79)* 20 × $0.79 =…

Answered: Calculate: a. the final selling price…

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter6: Inventories

Section: Chapter Questions

Problem 7DQ: Using the following data, how should the inventory be valued under lower of cost or market? Original...

See similar textbooks

Similar questions

show solution pls
By conversion of the markup formula, solve the following. Note: Round your answer to the nearest whole percent. Percent markup on cost % Percent markup on selling price 30 %
Calculate the net price factor ( as a % ) and net price ( in $ ) by using the complement method, round your answer to the nearest cent. List price is $1,244.25 Trade discount is 45.9% What is the Net Price Factor and what is the Net price ?
please help answer Complete the two tables below using the information provided and assume a VAT rate of 15%
Assume that markup is based on cost. Find the dollar markup and percent markup on cost for the following. Note: Round your "Dollar markup" answer to the nearest cent and "Percent markup on cost" to the nearest hundredth percent. Cost 16.40 Selling price 24.60 Dollar markup Percent markup on cost %
23.To calculate the selling price when the cost and the percent of markup based on the selling price are known, you would use the following formula. Cost 100% − Percent markup on selling price True or False
If the Selling price ( 77)$. to unit increase in percent 10% , the Selling after increase ---------- * ( another option ). ( 58.08)$. ( 69.3 )$. ( 84.7)$.
Solve this problem
The price of a product is expressed as ?, PHP = 10 – 28? where ? is the demand. Which of the following correctlyexpresses the total revenue? 10 − 28?2 28? = 10 10? − 28? 10? − 28?2
Q.3.5 Complete the following table by filling in the missing amounts: (6) Mark-up on Cost Price Profit Selling Price Cost (excluding VAT) (excluding VAT) (excluding VAT) 25% 1 000 100% 6 000 1 500 2 500
Given the spot rates as s1 = 14%, s2=10%, s3=13%, s4=13%, and s5=16% calculate the following values rounded to 2 digits: Future rates f(1,3) = Blank, f(2,5) = Blank, the short rate r3 = Blank, and the discount factors d2 = Blank, and d(1,5) = Blank? %3D %3D %3D
If selling price is $2.08 and cost is $1.60, what is the price/cost ratio?

SEE MORE QUESTIONS

Recommended textbooks for you

Financial & Managerial Accounting

Accounting

ISBN:

9781285866307

Author:

Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:

Cengage Learning

Century 21 Accounting Multicolumn Journal

Accounting

ISBN:

9781337679503

Author:

Gilbertson

Publisher:

Cengage

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:

Cengage Learning

Financial & Managerial Accounting

Accounting

ISBN:

9781285866307

Author:

Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:

Cengage Learning

Century 21 Accounting Multicolumn Journal

Accounting

ISBN:

9781337679503

Author:

Gilbertson

Publisher:

Cengage

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:

Cengage Learning

Principles of Accounting Volume 1

Accounting

ISBN:

9781947172685

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

Calculate: a. the final selling price to the nearest cent b. markdown percent to the nearest hundredth percent. Item Total quantity bought Unit Total Cost Cost cost Percent markup on Total Selling Price Percent that will spoil Selling price per brownie Brownies 20 .79 ? 60% ? 10% ?