Determine the necessary initial mark-up percent

Reference no: EM132830571

Question - Determine the necessary initial mark-up percent for a department for a department having these planned figures:

Net Sales $100,000.00

Expenses $40,000.00

Reductions $10,000.00

Alteration Costs $900.00

Cash Discounts $750.00

Profit $5,000.00

Reference no: EM132830571

Questions Cloud

Security manager for major corporation : You have just been hired as the security manager for a major corporation. How will you evaluate the success of the program?

What does it mean to have experimental control : What does it mean to have experimental control? What are some ways that we can control for extraneous variables during a study? Is there such thing as too much.

Prepare the journal entry to record income taxes for jim : Taxable income was $20,000; Jim's had $93,000 of pretax accounting income. The tax rate is 30%. Prepare the journal entry to record income taxes for 2020.

What is the depreciable value of the new machine : he cost of a new machine is $40,000.00 and costs $2000.00 to install. What is the depreciable value of the new machine

Determine the necessary initial mark-up percent : Determine the necessary initial mark-up percent for a department for a department having these planned figures: Net Sales $100,000.00

Discuss between the income statement vs balance sheet : Prepare the adjusting entry that would be required under each of the methods: Bad debts are estimated at 3% of net credit sales.

How might you describe the ethics for society : Why does Freire think that the "struggle for humanization [for humanity]" is "possible"? Why is it worth fighting for? And what according to Freire is necessary

Discuss elements of strategic management : Discuss the elements of strategic management and explain why it is crucial to an organization's survival.

Procurement life cycle plan : Continue your work on your Procurement Life Cycle Plan. List the elements that are typically used to manage supplier performance

User Account

All Pages