FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

13. An item that cost $240 is to be sold for a price that Will yield a gross profit ratio of 20%. The selling price

image text in transcribed
image text in transcribed
13. An item that cost $240 is to be sold for a price that Will yield a gross profit ratio of 20%. The selling price should be: A. $192. B. 288. C. 300. D. 1200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Managerial Accounting

Authors: Ray H Garrison, Alan Webb, Theresa Libby

11th Canadian Edition

1259275817, 978-1259275814

More Books

Students also viewed these Accounting questions

Question

★★★★★
Scientists are experimenting with a kind of gun that may eventually be used to fire payloads directly into orbit. In one test, this gun accelerates a 5.0-kg projectile from rest to a speed of 4.0 ...

Answered: 1 week ago

Question

★★★★★
Listed below are some common terms of sale. Can you explain what each means? a. 2/30, net 60. b. 2/5, EOM, net 30. c. COD.

Answered: 1 week ago

Question

★★★★★
Does the technology have live human support, and is that support monitored for quality?

Answered: 1 week ago

Question

★★★★★
The Fredonia Gas and Electric Company is required by law to distribute all its profits to the citizens of Fredonia. True or False: The average Fredonian won't mind paying a monopoly price for...

Answered: 1 week ago

Question

★★★★★
(Related to Checkpoint 13.4) (Break-even analysis) The Marvel Mig. Company is considering whether or not to construct a new robotic production facility. The cost of this new facility is $630,000 and...

Answered: 1 week ago

Question

★★★★★
Denying credit to customers who are unlikely to pay reduces the risk that the company will not be able to collect its accounts receivable (valuation assertion). Consequently, it is easier for...

Answered: 1 week ago

Question

★★★★★
Duncan Hines produces a boxed cake mix that features Toll House chocolate chips. This is an example of rebranding. Group of answer choices false true

Answered: 1 week ago

Question

★★★★★
One of the weaknesses of Feeding trials is that the diet consumption may not be quantified

Answered: 1 week ago

Question

★★★★★
On January 1, 2025, a new Board of Directors was elected for Cullumber Hospital. The new board switched to a different accountant. After reviewing the hospital's books, the accountant decided that...

Answered: 1 week ago

Question

★★★★★
Mark this question Find all asymptotes and/or holes in the graph of f(x)= 3 4x-9x 2x-x-3

Answered: 1 week ago

Question

★★★★★
Problem 3 (24 Points; 12 points each for (a)-(b)) Consider a material which has yielded according to the von Mises yield criterion with y = 40 ksi. The dilatational strain is 0.001, the Young's...

Answered: 1 week ago

Question

★★★★★
You are now adding an additional bulb in parallel to the existing parallel circuit. How does this affect the current and voltage across each bulb? How does this affect the current and voltage of the...

Answered: 1 week ago

Question

★★★★★
4. Give an example of how the consistency principle can be used to influence others.

Answered: 1 week ago

Question

★★★★★
6. Give an example of how the liking principle can be used to influence others.

Answered: 1 week ago

Question

★★★★★
5. Give an example of how the consensus principle can be used to influence others.

Answered: 1 week ago

Previous Question Next Question