Cost the seller in the first place

Assignment Help Accounting Basics
Reference no: EM131028165

A buyer just paid $50.98 for a calculator. If 29% of that amount was the seller's markup then what did the calculator cost the seller in the first place?

Reference no: EM131028165

Questions Cloud

How many different samples are possible for 15 landfills : A representative of the Environmental Protection Agency wants to select samples from 10 landfills. The director has 15 landfills from which she can collect samples. How many different samples are possible?
Calculate the seasonal index : The average demand for January has been 80, and the average annual demand has been 1800. Calculate the seasonal index for January. If the company forecasts annual demand next year at 2000 units, what is the forecast for January next year?
What are the dangers of having flawed mission statement : Discusses various aspects of strategic planning, including the mission and vision of the organization. What are the dangers of having a flawed mission statement? How does a flawed statement affect the development of a unit’s mission statement and sub..
Implementation of technology - americas innovations : It is the same situation faced by the ancient Romans. Technology has made this country a world empire.  One catalyst behind this evolution as a world power is the country's successful implementation of technology.
Cost the seller in the first place : A buyer just paid $50.98 for a calculator. If 29% of that amount was the seller's markup then what did the calculator cost the seller in the first place?
Which of these collections of subsets are partitions on sets : The set of bit strings that have 3k ones, where k is a non-negative integer; the set of bit strings that contain 3k+1 ones, where k is a non-negative integer; and the set of bit strings that contain 3k+2 ones, where k is a non-negative integer.
Importance of such personal mastery to a public leader : From the weekly readings and first e-Activity, take a position on whether personal mastery of the four (4) elements of emotional intelligence is possible, and ascertain the importance of such personal mastery to a public leader. Provide a rational..
Weighted average cost of capital : Its before-tax cost of debt is 8 percent, its cost of preferred stock is 10 percent, and its cost of equity is 15 percent. If the company's marginal tax rate is 40 percent, what is ABC's weighted average cost of capital?
Describe one sample point for this experiment : Assume that the "expert" really knows nothing about wine and randomly assigns ranks to the three wines. One of the wines is of much better quality than the others. What is the probability that the expert ranks the best wine no orse than second be..

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the net present value of a project

What is the net present value of a project with the cash flows, if the discount rate is 10 percent - How long will it take the firm to recover its initial investment in this project?

  Compute the inventory by the conventional retail

The records of Mandy's Boutique report the following data for the month of April.

  Amount receive from the bond issuance

On July 1, 2004, Risen Co. issued 500 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2004 and mature on April 1, 2014. Interest is payable semiannually on April 1 and October 1. What amount did Risen receive fro..

  Problem regarding bad debt expense

For the year ended December 31, 2007, May's bad debt expense would be ??

  A particular common stock has an annual cash dividend of

a particular common stock has an annual cash dividend of 2.00 per share and is predicted to have a market value of 30

  Regulatory influences on discretionary benefits

Question 1: What are some of the legal and regulatory influences on discretionary benefits?

  Alfarsi industries uses the net present value method

Alfarsi Industries uses the net present value method to make investment decisions and requires a 15% annual return on all investments.

  How much safety stock to hold

What costs is a firm trying to balance when it decides on how much safety stock to hold?

  Pepper company which has a 25 marginal tax rate must choose

pepper company which has a 25 marginal tax rate must choose between two alternative transactions. transaction 1

  What are the ways to value inventory

What are the ways to value inventory?

  Fixed costs amount

XYZ Company's sales are $750,000 with operating profits of $130,000. If the contribution margin ratio is 40%, what did the fixed costs amount to?

  Asset accounts are cash accounts receivable inventory and

the schroumldinger science store operates a retail store in a local shopping mall.the results of operations for the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd