Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 23, 2024

If you wanted to take a loan of $10,000 to start a business, and required a 30% return on investment, calculate the markup percentage if

If you wanted to take a loan of $10,000 to start a business, and required a 30% return on investment, calculate the markup percentage if you are going to sell 8,000 units at $12/unit and incur $3,000 of selling expenses. Select one: a. 6.25% b. 7.25% c. 5.00% d. 8.00%

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

Financial Information Analysis 2e

Authors: Philip ORegan

2nd Edition

0470865725, 978-0470865729

More Books

Students also viewed these Accounting questions

Question

Some say that for managers, hard skills (technical and business skills) are more important than soft skills (human relations and conceptual and design skills). What do you think, and why?

Answered: 1 week ago

Question

★★★★★

1. In January 2011, Vorst Co. purchased a mineral mine for $2,820,000 with removable ore estimated at 1,200,000 tons. After it has extracted all the ore, Vorst believes it will be able to sell the...

Answered: 1 week ago

Question

★★★★★

If you wanted to take a loan of $10,000 to start a business, and required a 30% return on investment, calculate the markup percentage if you are going to sell 8,000 units at $12/unit and incur $3,000...

Answered: 1 week ago

Question

★★★★★

The following information pertains to JAE Corp. at January 1, Year 1: Common stock, $10 par, 20,000 shares authorized, 2,000 shares issued and outstanding Paid-in capital in excess of par, common...

Answered: 1 week ago

Question

★★★★★

1.When a bank customer deposits $1,000 into her checking and $1,000 into her savings and there is a reserve requirement ratio of 5%, how is this recorded in the bank's balance sheets? Group of answer...

Answered: 1 week ago

Question

★★★★★

What does mentoring provide that supervision does not? Mentoring involves meeting compliance standards and supervision does not. Mentoring involves a level of discourse that goes beyond supervision...

Answered: 1 week ago

Question

★★★★★

Explain the causes of indiscipline.

Answered: 1 week ago

Question

★★★★★

Which of these is not a way that organizations can develop ways to become more innovative? a. Promote a culture that encourages risk-taking b. Spending money on research & development c. Empowering...

Answered: 1 week ago

Question

★★★★★

1.The author of the book nation and nationalism? 2.who has coined the word soft power is? 3.Kautilya theory of rajamandala belongs to? 4.Man is a political animal who said? 5.Traditional approach...

Answered: 1 week ago

Question

★★★★★

KEY QUESTION Suppose that you hear two people arguing about energy. One says that we are running out of energy. The other counters that we are running out of cheap energy. Explain which person is...

Answered: 1 week ago

Question

★★★★★

ADVANCED ANALYSIS Suppose that a government wants to reduce its economys dependence on coal and decides as a result to tax coal mining companies $1 per ton for every ton of coal that they mine....

Answered: 1 week ago

Question

★★★★★

KEY QUESTION Use your demand schedule for a public good, determined in question 1, and the following supply schedule to ascertain the optimal quantity of this public good. Why is this the optimal...

Answered: 1 week ago

Previous Question Next Question