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2 years ago

I sell shoes for $250 per pair. They cost me $25 to produce. My markup on cost is:______

Business

1 answer:

aalyn [17]2 years ago

7 0

Answer:

Markup percentage= 900%

Explanation:

Giving the following information:

I sell shoes for $250 per pair. They cost me $25 to produce.

To calculate the markup percentage, we need to use the following formula:

Markup percentage= [(selling price - unitary cost)/unitary cost]*100

Markup percentage= [(250 - 25)/25]*100

Markup percentage= 900%

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A clothing manufacturer makes both shirts and shorts. The sales price for shirts is $24 with variable costs of $10 and shorts ha

Gnoma [55]

Answer:

1)They would prefer to make shorts as contribution margin per unit is higher for shorts

Explanation:

Step 1. Given information.

Sales price shirts is $24

Variable costs shirts is $10

Sales price shorts $32

Variable costs shorts $17

Step 2. Formulas needed to solve the exercise

Contribution margin = sales price - variable cost

Step 3. Calculation.

Contribution margin shirts = 24 - 10 = 14

Contribution margin shorts = 32 - 17 = 15

Step 4. Solution.

<h2>Contribution margin shorts > Contribution margin shirts</h2>

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2 years ago

Charlie’s Crispy Chicken (CCC) operates a fast-food restaurant. When accounting for its first year of business, CCC created seve

denis-greek [22]

Answer:

Charlie’s Crispy Chicken (CCC) Balance sheet at September 30

Assets

Non- Current Assets

Equipment 49,000

Land 23,400

Total Non- Current Assets 72,400

Current Assets

Supplies 2,300

Cash 2,300

Total Current Assets 4,600

Total Assets 77,000

Equity and Liabilities

Equity

Common Stock 36,000

Retained Earnings 3,900

Total Equity 39,900

Liabilities

Non-current Liabilities

Note Payable (long-term) 34,000

Total Non-current Liabilities 34,000

Current Liabilities

Accounts Payable 2,900

Salaries and Wages Payable 200

Total Current Liabilities 3,100

Total Equity and Liabilities 77,000

Explanation:

When preparing a Balance Sheet, it is important to remember the Accounting equation : Assets = Equity + Liabilities

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1 year ago

This month, Susan, the branch manager of Intrepid Car Rentals, has heard several complaints from customers that Intrepid employe

REY [17]

Answer:

The answer is: policy

Explanation:

Company's policy are guidelines that can affect its operation, plans and objectives. They are the rules that outline the activities and responsibilities of the company's employees and employers. They serve as rules of conduct within the company.

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1 year ago

a courier picks up 1000 small unmarked bills, some $20 bills and some $50 bills. The total value is $41,000. How many of each bi

Vladimir [108]

Answer:

Explanation:

The amount of bills are 1000

Let the number of $20 bills be x

Let the number of $50 bills be y

Using a ratio method, we assume that the ration of the bills are 20:50

Adding both ratios, we have 20 + 50 = 70.

To find x, we have

(20 ÷ 70) × 1000

0.286 x 1000

286 bills

To find y, we have

(50 ÷ 70) × 1000

0.714 x 1000

714 bills

Having calculated the number of bills for $20 and $50, we calculate the value of each bills.

we have, 286 x $20 = $5,720

714 x $50 = $35,700

Adding these above amounts, we have

$5,720 + $35,700 = $41, 420 which is approximately $41,000.

Cheers.

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laila [671]

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1 year ago