You are buying and reselling items found at your local thrift shop. You found an antique pitcher for sale. If you need a 46% markup oncost and know most people will not pay more than $25 for it, what is the most you can pay for the pitcher?Note: Round your answer to the nearest cent.Maximum payI

MARKUP Markup % is the ratio between the gross profit & total sales. Markup = {(Sales - Cost)…

Answered: You are buying and reselling items…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use the PMT function or your buy/rent calculator. You bought a house for $650,000 and had an LTV of 75% on a 15-year amortized loan at 7.25%. What is your payment? (Dollars and cents only, no $. Canvas will add a comma. Need typed answer only.No playgarism
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You are shopping and see an item that is normally priced for $900 on sale for 45% off. However, you have a coupon for an additional 25% off. (The cashier will apply your coupon to the sale price, not the normal price.) What is the final cost of the item (before sales tax) after the sale and coupon discounts? Ans: The final cost is $
Help Maximum pay Save You are buying and reselling items found at your local thrift shop. You found an antique pitcher for sale. If you need a 29% markup on cost and know most people will not pay more than $24 for it, what is the most you can pay for the pitcher? Note: Round your answer to the nearest cent.
Please dont answer incorrect
Kyle Parker of Concord, New Hampshire, has been shopping for a new car for several weeks. He has negotiated a price of $31,000 on a model that carries a choice of a $2,500 rebate or dealer financing at 2 percent APR. The dealer loan would require a $1,000 down payment and a monthly payment of $526 for 60 months. Kyle has also arranged for a loan from his bank with a 7 percent APR. Use the Run the Numbers worksheet to advise Kyle about whether he should use the dealer financing or take the rebate and use the financing from the bank. Round your answer to two decimal places. Adjusted APR (dealer financing): % Kyle should use -Select-the dealer financingthe financing from the bankItem 2 .
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Solve it correctly and clearly. Not use excel

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You are buying and reselling items found at your local thrift shop. You found an antique pitcher for sale. If you need a 46% markup on cost and know most people will not pay more than $25 for it, what is the most you can pay for the pitcher? Note: Round your answer to the nearest cent. Maximum pay