A retailer plans retail expenses for the following year to be 30 percent of net sales, desires a 5 percent (of net sales) profit margin, and assumes total reductions will be 8 percent of net sales. What is its required initial markup percentage?
a. 35.0
b. 39.8
c. 43.0
d. The answer cannot be determined from the information provided.
b
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Answer the following statement true (T) or false (F)
What kind of loans should be used only for educational expenses? Using your financial aid to finance your spring break or help make car payments leads to graduating with more student loan debt than is necessary or advisable.
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Phil's father died on January 10, 2017 . The father had owned stock for 20 years with a basis of $45,000 that was transferred to Phil as a gift on August 10, 2016, when the stock was worth $430,000 . His father paid no gift taxes. This stock was worth
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