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A retailer bought 10 000 units of cell phone cases for $55 000.00. On delivery, it was realized that not all the cases were of the same quality. Hence they were classified as high quality, average quality and poor quality. The 4200 high quality cases were sold at a markup of 120% of cost, the 2800 average quality cases were sold at a markup of 80% of the cost, and the remaining were sold at cost price.
a) What is the unit selling price at which each of the three classifications were sold?
b) If overhead is 18% of the cost, what is the amount of profit realized on the purchase?
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Arthur owned 4, 200 shares of common stock of the Kyle Corporation common shares which he had purchased in 2008 for dollar 10 per share.
Question 5: A fund manager uses the concepts of purchasing power parity (PPP) and the International Fisher Effect (IFE) to forecast spot exchange rates. He gathers the financial information as follows:A year ago, the spot rate between pound and dolla..
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How about in most installment loans, early payments are primarily payments of interest, while final payments are primarily payments of the base amount
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