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marissa [1.9K]
1 year ago
11

Yelk Garage uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, inc

luding fringe benefits $ 63 per hour Annual labor hours 3,100 hours Annual materials purchases $ 836,000 Materials purchasing, handling, and storage $ 41,800 Overhead for depreciation, taxes, insurance, etc. $ 77,500 Target profit margin for both labor and materials 25 % What should Yelk set as the materials markup per dollar of materials used
Business
1 answer:
ankoles [38]1 year ago
4 0

Answer:

30%

Explanation:

Material purchasing, handling and storage cost = $ 41,800

Material purchasing percentage:

= Material purchasing, handling and storage cost ÷ Annual materials purchases

= ($41,800 ÷ $836,000 ) × 100

= 5%

Target profit margin for both labor and materials = 25%

Material markup per dollar of material:

= Material purchasing percentage +  Target profit margin

= 5% + 25%

= 30%

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Bravo Company had a beginning Accounts Receivable account balance of $380. During the period Bravo' sold goods on account for $1
lubasha [3.4K]

Answer:

During the period was collected $1.150

Explanation:

To calculate the total amount collected must be considered the initial balance of the Accounts Receivable then add the goods sold on account and finally must be deducted the final balance of the Accounts Receivable, that difference is the total amount collected in the period by the company.

Please see details bellow:

$380  Initial account balance

$1400 goods sold

($1.150) Collected Amount

$630 ending balance

6 0
1 year ago
Paris operates a talent agency as a sole proprietorship, and this year she incurred the following expenses in operating her tale
Marrrta [24]

Answer:

The total deductible amount of these expenditures is $450.

Explanation:

Half of any cost of meals and entertainment to which business discussion is associated and appropriate records kept is allowed to be deducted.

Since it is only tickets to the opera with a client following a business meeting that meet this condition, 50% of the total amount of $900 which is $450 is deductible.

3 0
2 years ago
Fujitsu Siemens Computers is a legally independent company of which Fujitsu and Siemens each own 50 percent. This collaboration
Ierofanga [76]

Answer: Fujitsu Siemens Computers is a legally independent company of which Fujitsu and Siemens each own 50 percent. This collaboration is an example of a(n) JOINT VENTURE, which is effective at transferring KEY KNOWLEDGE.

Explanation: A joint venture is a kind of business formation which involves the coming together of two or more independent companies retaining their individual identities but functioning in some areas as one.

The companies involved in a joint venture come together to share key ideas used to improve each other and also funding.

7 0
1 year ago
Suppose you and a classmate are playing a game where your classmate proposes a division of​ $1.00. ​ Then, you either accept or
pochemuha

Answer: The correct answers are "A. Accept" and "$ 0.01".

Explanation: Given that we talk about optimal strategy when maximizing the expected profit by the player:

In the first case It is convenient to accept the proposal and keep $ 0.12, instead of rejecting it and running out of nothing.

And in the second case it is convenient to give the classmate as little as possible so that he accepts and we have a greater profit.

4 0
2 years ago
Scora, Inc., is preparing its master budget for the quarter ending March 31. It sells a single product for $50 per unit. Budgete
valentina_108 [34]

Answer:

As per Sales Budget the budgeted sales for the quarter four are $240,000. Below is the Sales budget.

Explanation:

Scora, Inc.    

Sales Budget    

Month Budgeted Unit Sales Budegted Unit Price Budgeted Total Sales

                                  (A)                             (B)               (A*B)

January                          1200                   $50            $60,000

February                         2000                   $50            $100,000

March                         1600                   $50            $80,000

Total for the quarter 4800                   $50            $240,000

Hence, it is concluded that the budgeted sales for the January, February, March are $240,000.

5 0
1 year ago
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