If a microwave is marked up 36% based on the selling price, what is the corresponding markup based on cost? (Round to the nearest tenth of a percent)
56.3%
You might also like to view...
Intra-company standards for financial statement analysis:
A. Are based on rules of thumb. B. Are based on a company's prior performance and relations between its financial items. C. Are often set by competitors. D. Are published by analyst services such as Standard & Poor's. E. Are set by the company's industry through published statistics.
A set of procedures and approvals for verifying, approving and recording liabilities for eventual cash payment, and for issuing checks for payment only of verified, approved, and recorded liabilities is referred to as a(n):
A. Cash disbursement system. B. Voucher system. C. Internal cash system. D. Petty cash system. E. Cash control system.
Do not judge your customers based on their appearance
Indicate whether the statement is true or false
Which of the following legislations can a state adopt in determining whether an accountant is liable in negligence to third parties?
A) Section 2(b) of the Robinson-Patman Act B) Section 5 of the Federal Trade Commission C) Section 552 of the Restatement (Second) of Torts D) Section 16 of the Clayton Act