Calculate the missing values and express your answers rounded to two decimal places.a.b.Cost$0.00$56.00Amount ofMarkupSellingPrice$350.00Rate of Markupon Cost25.00%%Rate of Markupon Selling Price28.00%%

Mark up refers to the amount added to the costs. The formula is Selling Price = Cost + Mark up

Answered: Calculate the missing values and…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The net price of an item after trade discounts of 34.00%, 13.00%, and 3.50% is $3,520.00. a. Calculate the regular selling price of the goods. $0.00 Round to the nearest cent b. Calculate the equivalent discount rate of the series of discount rates. 0.00 % Round to two decimal places
4. Complete the following grid. Submit your answers in a grid/table. Original Retail $20.00 $22.50 $3,999.00 $0.49 Markdown Percent 25% 35% 20% 50% Marked Down Retail $17.55 $16.88 $0.44 $9.99 Units Marked Down 645 249 98 5 1,649 20 Total Markdown Dollars Round percentages to one decimal place; round dollars to two decimal places. Markdown percent is a percentage of retail.
A store sells an item for $430 each. If this is a 64.5% markup on the selling price, find the equivalent markup percent on cost. Round to the nearest tenth of a percent. A. 181.7% B. 39.2% OC. 430% D. 110.4%
A company has offered you credit terms of 3/20 net 60. The annual percentage cost to you of foregoing the discount is а. 54% b. 27% с. 18% d. 36% e. None of the above *Please show work!
Alternative Inventory Methods Garrett Company has the following transactions during the months of April and May: Date April 1 17 25 28 May 5 18 22 April Transaction Units Cost/Unit April Balance Purchase Sale Purchase Purchase Sale Sale The cost of the inventory on April 1 is $5, $4, and $2 per unit, respectively, under the FIFO, average, and LIFO cost flow assumptions. Required: May b. FIFO perpetual April 1. Compute the inventories at the end of each month and the cost of goods sold for each month for the following alternatives: a. FIFO periodic Cost of Goods Sold Ending Inventory May 500 200 150 100 250 300 50 May c. LIFO periodic $5.20 5.70 5.20 Cost of Goods Sold Ending Inventory Cost of Goods Sold Ending Inventory
An invoice shows a net price of $176.72 after trade discounts of 30%, 10%, and 2% have been deducted.a. What was the list price of the goods? (Round your answer to the nearest cent.)Price = $ 286.23b. What single rate of trade discount would be equivalent to the discount series? (Round your answer to two decimal places.)Single rate = %
complete the table from 1 to 6 only
Complete the following table by finding the net price factor, single equivalent discount, trade discount (in dollars), and net price (in dollars). Round the net price factor and single equivalent discount to five decimal places, and the trade discount and net price to the nearest cent, when necessary. Trade List Price Discount Rate 33/15/5 $650.70 Net Price Factor Enter a number. Single Equivalent Discount x 49 Trade Discount x Net Price x
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QUESTION 1 If the mark-up on cost is 20%, please and the selling price(Excl. VAT) is R600, which of the following amounts is the correct Cost Price(Excl. VAT)? O A. R100 OB. R580 O C. R575 O D. R500 QUESTION 2 Which one of the following statements with respect to VAT is false? O A. There is no indication of a VAT charge next to zero-rated item listed on an invoice. O B. In general, no input VAT claim is allowed by SARS on the purchase of a double-cab delivery vehicle. O C. The buyer of zero rated supplies will not get any refund from SARS for buying usch an item. O D. If a vendor sells only VAT exempt supplies, it may not register for VAT.
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Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent.

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Calculate the missing values and express your answers rounded to two decimal places a. b. Cost $0.00 $56.00 Amount of Markup Selling Price $350.00 Rate of Markup on Cost 25.00% % Rate of Markup on Selling Price % 28.00%