A mattress is currently on sale for $504.96. If the markdown percent is 36%, what was the original price?
A) $323.17
B) $789.00
C) $181.86
D) $798.00
B
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On March 1, Year 1, Gilmore Incorporated declared a cash dividend on its 1,500 outstanding shares of $50 par value, 6% preferred stock. The dividend will be paid on May 1, Year 1 to the stockholders of record as of April 1, Year 1.Which of the following reflects the financial statement effects on the May 1, Year 1 date of payment? Assets=Liab.+EquityRev.?Exp.=Net Inc.Cash flowA.NA=4,500+(4,500)NA?NA=NA(4,500) FAB.(4,500)=(4,500)+NANA?NA=NA(4,500) FAC.(9,000)=(9,000)+NANA?NA=NA(9,000) IAD.NA=NA+NANA?NA=NANA
A. Choice A B. Choice B C. Choice C D. Choice D
Blasi Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year:?Beginning inventories:???Finished goods$33,000??Estimated total manufacturing overhead at the beginning of the year$540,000??Estimated direct labor-hours at the beginning of the year40,000direct labor-hoursResults of operations:?Raw materials (all direct) requisitioned for use in production$462,000??Direct labor cost$567,000??Actual direct labor-hours39,000direct labor-hours?Manufacturing overhead:???Indirect labor cost$121,000??Other manufacturing overhead costs incurred$451,000??Selling and
administrative:???Selling and administrative salaries$263,000??Other selling and administrative expenses$299,000??Cost of goods manufactured$1,371,000??Sales revenue$3,298,000??Cost of goods sold (unadjusted)$1,302,000?Required:a. What is the total manufacturing cost added to Work in Process during the year?b. What is the cost of goods available for sale during the year?c. What is the net operating income for the year? What will be an ideal response?
Define marginal probability
The unadjusted trial balance at the end of the year includes the following: Accounts Receivable$111,000? Allowance for Doubtful Accounts 2300? Both accounts have normal balances. The company uses the aging of accounts receivable method. Its estimate of uncollectible receivables resulting from the aging analysis equals $7750. What is the amount of Bad Debt Expense to be recorded for the year?
A. $12,350 B. $5450 C. $7750 D. $10,050