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On August 8, 2014, Leon’s Kitchen Hut bought a set of pots with a $136 list price from Lambert Manufacturing. Leon’s receives a 30% trade discount. Terms of the sale were 2/10, n/30. On August 14, Leon’s sent a check to Lambert for the pots. Leon’s expenses are 15% of the selling price. Leon’s must also make a profit of 15% of the selling price. A competitor marked down the same set of pots 34%. Assume Leon’s reduces its selling price by 22%.
What is the sale price at Kitchen Hut?
You have a choice of borrowing money from a finance company at 19 percent compounded dailty or borrowing money from a bank at 21 percent compounded semiannually. Which alternative is the most attractive? If you can borrow funds from a finance company..
General Motors (GM) declared bankruptcy in 2009 after years of declining sales. The federal government 'bailed out' GM, helping GM emerge from chapter 11 in a short time. Was this the only option available to GM? Was this an appropriate use of taxpay..
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Assume customers will spend the same amount on either version. What level of incremental sales is associated with introducing the new pizza?
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Suppose an investment offers to triple your money in 30 months (don’t believe it). What rate of return per quarter are you being offered?
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