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Murrr4er [49]
2 years ago
13

Journey's the shoe store has a cost of goods sold of $22.00 on classic Converse Chuck Taylor sneakers. The corporate office mand

ates that each store must have a 30% markup on each shoe. What is the final retail price of the sneakers for Journey's?
Business
1 answer:
velikii [3]2 years ago
4 0

Answer:

Explanation:

Firs, find the markup amount in dollars;

Markup amount = Cost * markup rate

Cost = $22

markup rate = 30% or 0.30 as a decimal

Markup amount = 0.30*22 = $6.6

Next, find the retail price using the markup amount calculated above;

Retail Price = Markup amount + cost

Retail price = $6.6 +$22

= $28.6

Therefore, the sneakers retail price is $28.6

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What document provided by the seller describes the condition of the property?
prisoha [69]

The document that is being used by a seller in which the contents and description of the property is placed for the buyer to see is in the transfer disclosure statement. The transfer disclosure statement will provide the description of the property and if there are any damages in the property of additional fixtures or cost made. It could provide contents such as things having to be furnished or not.

8 0
2 years ago
In 2004, researchers Marianne Bertrand and Sendhil Mullainathan sent fictitious resumes in response to employers' help-wanted jo
Neporo4naja [7]

The results of this study indicate that employment decisions of some employers might not be status blind and could indicate illegal discrimination under Civil Rights Act of 1964.

<u>Explanation:</u>

An important act in US is The Civil Rights Act of 1964. This law came into act on 2nd July, 1964. This law has rules and regulations that are against the inequalities and discrimination that prevails in schools, public areas and also in employment areas. The inequality may be based on the gender, nationality, religion,race or color.

In the example given, the discrimination of employment occurs based on the names that belongs to white and black. It has been stated that the names related to whites will get 50% of callbacks when compared to the names of the blacks. Hence, the decisions that are taken by the employers should not be status blind  and this illegal inequalities comes under Civil Rights Act of 1964.

8 0
2 years ago
Thomsen Computer Company produces three products: Earth, Wind, and Fire. Earth requires 80 machine setups, Wind requires 60 setu
Gnesinka [82]

Answer:

Earth = $90,000

Wind = $67,500

Fire = $202,500

Explanation:

Activity based costing is a costing system that assigns the cost of identified activities , mostly overhead and indirect cost to all products and services produced according to the respective volume of the activities consumed by each of the products and services , using cost drivers.

Workings.

The cost driver in the scenario is Machine set up

Earth = 80 set up

Wind = 60 set up

Fire = 180 set up

Total = 320 set up

General Overhead = 360,000

Earth = 80/320 *360,000 = 90,000

Wind = 60/320*360,000 = 67,500

Fire = 180/320*260000 = 202,500

7 0
2 years ago
Rather than hiring a receptionist, a real estate agency decided to use an administrative services company to contract someone fo
Komok [63]

Answer:

outsourcing

Explanation:

Outsourcing is the process where the company wants to hire someone for the completion of the organization work in order to save the cost of the company

here is the given situation, is hiring a permanent receptionist, it is better to contact someone for work in some selected days during each week so that the work of the company could not be stopped also the firm can save the cost

Hence, the third option is correct

7 0
2 years ago
Which of the following is true for American options? A. Put-call parity provides an upper and a lower bound for the difference b
velikii [3]

The statement that holds true for the American Option is (A) Put-call parity provides an upper and lower bound for the difference between call and put prices

Explanation:

According to the Put-call parity concept when we hold the  short European put and long European call of similar class the return delivered is same as  holding one forward contract of the same underlying asset, that has the same expiration, forward price and which is equal to the strike price of the option

In financial management  put–call parity concept is used to define the  relationship that exist  between the price of a European call option and European put option, and both of them have identical strike price and expiry

The formula used for calculating  put call parity is

c + k = f +p

where (c) call price plus the (k) strike price of both options is equal to the futures price(f) plus the put price(p)

4 0
2 years ago
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