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Gwar [14]
2 years ago
4

Ace Hardware purchased 15 shovels from Skill Company for $7.00 each. Ace's markup is 33% on selling price. What should Ace charg

e for the shovels? (Round to hundredths.)
Business
1 answer:
masya89 [10]2 years ago
6 0

Answer:

The correct answer is  $9.31

Explanation:

Margin = Gross profit/ cost

33% = x / $7.00

Gross profit = $7.00 *0.33= $2.31

Selling price = $7.00 + $2.31 = $9.31

<em>Ace Hardware should charge </em>$9.31

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On the island of Martha's Vineyard, jobs are plentiful during the summer months, but difficult to find in September once the tou
andriy [413]

Answer:

Letter b is correct. <u>Seasonal.</u>

Explanation:

 Seasonal unemployment occurs when there are unemployed people at certain times of the year when the demand for a good or service is less than at other times.

This is a situation that occurs more frequently in tourist areas, such as the one mentioned in the question above, due to the fact that there is a greater demand for work in the high tourist season months.

The ideal is for workers who suffer from seasonal unemployment to seek economic adjustment in the low season months and diversify their activities during this period, to find other activities that guarantee the maintenance of income. It is also important for the government to create public employment policies so that this problem does not happen.

8 0
2 years ago
Dave plans to deposit $3,300 in an IRA account on April 15, Year 1. The account will earn 3% annually. If he makes this $3,300 d
hjlf

Answer:

63218

Explanation:

Annuity -3300

FVAD (from table) at 15years, 3% = 19.1569

Future value = 63217.77=63218

7 0
2 years ago
One year ago, Deltona Motor Parts deposited $16,500 in an investment account for the purpose of buying new equipment three years
IgorC [24]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

One year ago, Deltona Motor Parts deposited $16,500 in an investment account to buy new equipment three years from today. Today, it is adding another $12,000 to this account. The company plans on making a final deposit of $20,000 to the account one year from today.

To calculate the future value of the investment, we need to use the following formula:

FV= PV*(1+i)^n

First deposit= 16,500*(1.045^4)= 19,676.56

Second deposit= 12,000*(1.045^3)= 13,694

Third deposit= 20,000*(1.045^2)= 21,840.5

Total= $55,211.06

5 0
2 years ago
Which of the following is an unintended consequence of the rise of the primary and caucus system? Question 3 options:
Andre45 [30]

Answer:

a. Sometimes candidates unpopular with the party leadership reach the top.

Explanation:

Under the primary system there is voting on the ballots which is secret in nature and under the caucus system people vote after listening to the individual nominees and then accordingly to the candidate they like.

In this manner, the candidates who are not even belonging to some recognized or popular parties are in leadership as their individual speech is too alluring to the people present for voting that they vote for that specific candidate.

Thus, the correct answer is:

Statement a.

3 0
2 years ago
Chris was the business manager for a real estate firm earning an annual salary of $40,000. Then Chris decided to become a consul
Reptile [31]

Answer:

The answer is: $40,000

Explanation:

Chris's opportunity cost of working as a consultant instead of working as a business manager (her old job) is $40,000. So in order for Chris to earn normal profit, the difference between his revenue and his combined explicit (e.g. rent, assistant's salary) and implicit costs (opportunity cost) is zero.

7 0
2 years ago
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