If sales is $50,000 and cost of merchandise sold is $35,000, how much would be the markup percent?

a. 30.0%

b. 14.3%

c. 42.9%

d. 70.0%

Select the following items with the appropriate financial statement:

Income statement

Balance sheet

Retained earnings statement

Statement of cash flows

1. Cash	SelectabcdItem 1
2. Salary expense	SelectabcdItem 2
3. Unearned revenue	SelectabcdItem 3
4. Depreciation expense	SelectabcdItem 4
5. Capital stock	SelectabcdItem 5
6. Cash flows from operating activities	SelectabcdItem 6
7. Accounts receivable	SelectabcdItem 7
8. Beginning balance of retained earnings	SelectabcdItem 8
9. Notes payable	SelectabcdItem 9
10. Accounts payable	SelectabcdItem 10
11. Changes in current assets and current liabilities	SelectabcdItem 11
12. Total expenses	SelectabcdItem 12