Answer:
=$48
Explanation:
Mark-up refers to the intended profit margin: It is selling price -cost of production.
For Rockport Fisheries: cost of production is $ 30
Mark -up is 60 %. i.e., profit margin equal to 60 % of cost price
Selling price= cost +mark up
= $30 + (60/100 x100)
=$30+$18
=$48
Answer:
c
Explanation:
lie is not the right term to use in this situation because the salesperson didn't really lie its more of he left some facts about the expensive converter box which is best expressed as omission
Answer:
Explanation:
Present value is calculated as the discounted sum of either a fixed amount or a series of payments in the future, at a given interest rates.
For example, at an interest of 5%, $100 in 10 years will be valued at $100 / 1.05^10 = $61.39 today
Answer:
The corret answer is b. decrease assets and decrease liabilities.
Explanation:
First entry
Earnings Accrued (- Net Equity)
to various creditors (+ Liabilities)
Since the minutes of the assembly must indicate that they are taken from the profits of previous years, the accumulated profits are reduced.
Second entry
Miscellaneous creditors (- Liabilities)
to Banks (- Active)
The first entry represents transfer from one liability to another liability. Although we think that capital accounts are not liabilities, it is not true, given that the value of debt to shareholders of the value of your company, so we can group everything in the same bag.
When decreeing dividends, what is done is to cover a small part of that company value. That is, when dividends are decreed, they become part of a formalized liability.
The second entry is the cancellation of the liability, through one of the ways to extinguish the obligations: payment.
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