Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 03, 2024

If a company's cost of sales divided by total sales results in 70 percent, how much does the company pay for an item that it

If a company's cost of sales divided by total sales results in 70 percent, how much does the company pay for an item that it sells for $100?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Sitting Pretty On A Fixed Income Personal Finance Secrets For Seniors

Authors: FC&A Medical Publishing

1st Edition

1935574582, 9781935574583

More Books

Students also viewed these Finance questions

Question

★★★★★

Suppose that you toss a pair of dice and write down the value of the faces from each die. a. What is the population distribution for one die? b. Determine the sampling distribution of the sample...

Answered: 1 week ago

Question

★★★★★

erythematous papules and fluid-filled vesicles in a linear pattern

Answered: 1 week ago

Question

★★★★★

4. 4. Portfolio expected return [LO 13.1] You have $10 000 to invest in a shares portfolio. Your choices are Share X with an expected return of 12.1 per cent and Share Y with an expected return of...

Answered: 1 week ago

Question

★★★★★

Consider the statement: The object of accounting for changing prices is to ensure that a company is able to maintain its operating capability. How accurate is it?

Answered: 1 week ago

Question

★★★★★

If a company's cost of sales divided by total sales results in 70 percent, how much does the company pay for an item that it sells for $100?

Answered: 1 week ago

Question

★★★★★

Pie Corporation acquired 75 percent of Slice Companys ownership on January 1, 20X8, for $99,000. At that date, the fair value of the noncontrolling interest was $33,000. The book value of Slices net...

Answered: 1 week ago

Question

★★★★★

You are carrying out an internship or a consultancy task for a company that is considering setting up business in a specific country. Before taking a decision, the company needs to have an overview...

Answered: 1 week ago

Question

★★★★★

Implement these four classes using Python. Below is a brief description of those classes: 1. Location Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

What is the information you have to confirm with the guest when they arrive to check-in? 2. Why is it important to get the signature of the guest during registration? 3. Make a check list of all...

Answered: 1 week ago

Question

★★★★★

pick an operational problem that is detracting from you, or your system's performance and then apply DMAIC Kaizen principles in collaboration The idea is to take something and apply "Green Belt"...

Answered: 1 week ago

Question

★★★★★

. IX 2 Paragraph 2 3 11 ' . . Styles . Beginning work-in-process inventory Units started Units placed in finished goods Conversion costs Cost of direct materials Beginning work-in-process costs:...

Answered: 1 week ago

Previous Question Next Question