sofa regularly sells for $570. the sale price is $498.75. find the percent decrease of the sale price from the regular price. (keep two decimals.
Answers
The percentage decrease of the sale price from the regular price is 12.54%.
What is the price?The amount of money required to obtain a certain thing is referred to as its price. Price is a measure of value in the sense that the amount people are willing to pay for a commodity signifies its value. The price of a product is the amount of money that customers are willing to pay for it.
Percentage(%) change in price is computed as:
% change in price = Amount of change/Original amount×100 .....(1)
Computation of reduction in the sale price compared to the normal pricing:
According to the given information,
The price of the sofa changed from $570 to $498.75
then, the Amount of change =$71.25
Apply the given values in (1),
% change in price = Amount of change/Original amount×100
% change in price = $71.25/$570×100
% change in price = 12.54%
Therefore, the percentage change in price would be 12.54%.
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Related Questions
One column of numbers consists of 28,42, and 14. When the digits of the numbers are added together, the result is 2+8+3+2+1+4+4=21, and when the digits of 21 are then added together, the end result is 2+1=3. If the same process is performed on the numbers in a second column, what can be concluded?
Answers
Answer:
D. If the end result from the second column is not 3, then the sum of the numbers in the first column is not equal to the sum of the numbers in the second column.
Explanation:
From the list of given options (see the comment section for options a - d), option (d) is correct.
To answer this question, we need to analyze each of the options
For (a):
The sum of numbers in both columns may be equal even if they are different.
Take for instance, the numbers in the second column is: 82, 42 and 14.
We have:
\(8+2+4+2+1+4=21\)
\(2 + 1 = 3\)
So, (a) is incorrect
For (b):
As shown in (a) above,
If both column contain the same numbers, then definitely the end result will be the same. So option (b) is incorrect and impossible
For (c):
This is not true.
In the first column, we have the sum of the first process to be 21 which ends up giving 3 (i.e. 2 + 1 = 3).
The result of the second column can be 12 which also gives 3 i.e. 1 + 2 = 3 (and 12 is not equal to 21)
So, (c) is also incorrect
For (d):
This is the only true option
If the end result is not three, then the results of the first process is not the same for both columns.
Answer:
If the end result from the second column is not 3 then the sum of the numbers in the first column is not equal to the sum of the numbers in the second colemn
Explanation:
For me it was B but read very closly
Two profit-maximizing firms - Firm A and Firm B, have identical marginal cost curves and face identical demand. However, Firm A has a higher fixed cost than Firm B. What will be true about the output produced by the two firms?
Answers
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
You consider that when organizing as a corporation, you will pay taxes at the corporate level (21% tax rate) and when dividends are distributed to owners (15% tax rate). Instead, you organize as a partnership and pay taxes only at your personal rate (24%). Approximately, how much do you save? (Round to the nearest percent.)
Answers
Answer:
9%
Explanation:
Calculation for how much do you save
Using this formula
Percentage saved=Personal rate -Dividend rate
Let plug in the formula
Percentage saved=24%-15%
Percentage saved=9%
Therefore how much do you save is 9%
Which are affected by the factors of production? Check all that apply.
A.) the demand of the item
B.) the availability of the item
C.) the cost of the item
D,) the quality of the item
E.) the popularity of the item
Answers
Answer:
A
C
D
Explanation:
without demand no reason to product it
The cost of a item also greatly affects it
and how well they can make it without being too expensive
Fraud detection has become an indispensable tool for banks and credit card companies to combat fraudulent credit card transaction
A fraud detection firm has detected some form of fraudulent activities in 1.31%, and serious fraudulent activities in 0.87%, of
transactions. Assume that fraudulent transactions remain stable.
a. What is the probability that in a given year, fewer than 2 out of 100 transactions are fraudulent? (Do not round intermediate
calculations. Round your final answer to 4 decimal places.)
o
Probability
b. What is the probability that in a given year, fewer than 2 out of 100 transactions are seriously fraudulent? (Do not round
intermediate calculations. Round your final answer to 4 decimal places.)
Probability
Answers
a. The probability that in a given year fewer than 2 out of 100 is 0.6226.
b. 0.7834 is the probability that in a given year, fewer than 2 out of 100 transactions are seriously fraudulent
How to solve for the biniomial distribution
Let the fraudulent transactions be = p = 0.0131
n = 100
This follows the binomial distribution
X~(n,p)
p(X = x) = 100Cx (0.0131)^x (1-0.0131)^100-x
When x < 2
100C0 * 0.0131⁰ (1-0.0131)¹⁰⁰ + 100 C1 * 0.0131¹ (1-0.0131)¹⁰⁰ ⁻¹
= 0.2675+0.3551
= 0.6226
The probability that in a given year fewer than 2 out of 100 is 0.6226.
b. x is the serious fraudulent transactions
0.87% = 0.0087n = 100
X~possion(λ = np)
λ = 100 * 0.0087
= 0.87
p(x<2) = p(x=0)+p(x=1)
\(\frac{e^-^0^.^8^7(0.87)^0}{0!} + \frac{e^-^0^.^8^7(0.87)^1}{1!}\)
= 0.4189 + 0.3645
= 0.7834
0.7834 is the probability that in a given year, fewer than 2 out of 100 transactions are seriously fraudulent.
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You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the current state of the economy, he expects sales to decrease by 7 percent next year. What change should you expect in operating cash flows next year given your sales forecast?
Answers
Answer:
The change should you expect in operating cash flows next year would be 19.60%
Explanation:
In order to calculate the change should you expect in operating cash flows next year given your sales forecast we would have to make the following calculation:
change should you expect in operating cash flows=operating leverage rating*percentage of decrease sales next year
change should you expect in operating cash flows=2.8*0.07
change should you expect in operating cash flows=19.60%
The change should you expect in operating cash flows next year would be 19.60%
Trisha is a single, 35-year-old professional who bought shares for $3,000 in a start-up company. She did that because
she knows the potential benefits and can tolerate the potential disadvantages of that investment
she knows moderate investing guarantees higher returns in the short-term
she knows new companies have government protections against losses
she wants to choose a less risky option at her current situation
Answers
Answer:
she knows the potential benefits and can tolerate the potential disadvantages of that investment
Explanation:
Generally buying stocks in a start-up is extremely risky, but can also be extremely profitable. Since Trisha is young and should be earning a medium to high salary, she can afford losing her investment. The risk is huge, but some can tolerate that risk, e.g. imagine a person who bought $3,000 of Amazon's stock 20 years ago is probably made more than a million by now.
Can anyone give me some tips on how to become a successful businesswoman
Answers
Name one way a person becomes eligible to vote.
Answers
Prepare the year end adjusting journal entries for the following transactions in the GENERAL JOURNAL. Narratives are required.a. Depreciation on equipment at cost of RM450,000 and accumulated depreciation of RM25,000 is charged at 10% per annum with reducing balance method.b. Office furniture at cost of RM200,000 is expected to be used for 10 years with salvage value of RM3,000.c. As at 31 December, commission income received in advance is amounting to RM2,500.d. Travelling expense accrued for RM300.e. The owner of the business withdrew RM1,400 cash from the office.
Answers
Depreciation expenses recognize the reduction in the value of assets over time, while the adjustment for unearned income and accrued expenses ensures that the income and expenses are recorded in the correct period.
The year-end adjusting journal entries for the following transactions are as follows:
a. Depreciation on equipment:
Depreciation Expense 37,250
Accumulated Depreciation 37,250
(Note: Calculation - [RM450,000 - RM25,000] x 10% = RM37,250)
b. Office furniture:
Depreciation Expense 19,700
Accumulated Depreciation 19,700
(Note: Calculation - [RM200,000 - RM3,000] / 10 years = RM19,700)
c. Commission income received in advance:
Unearned Commission Income 2,500
Commission Income 2,500
d. Travelling expense accrued:
Travelling Expense 300
Accrued Travelling Expense 300
e. Owner's withdrawal:
Owner's Withdrawal 1,400
Cash 1,400
These adjusting journal entries are necessary to ensure that the financial statements accurately reflect the company's financial position and performance at the end of the accounting period. The owner's withdrawal is recorded to update the owner's equity account, which represents the owner's investment in the business.
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PLEASE HELP ME ILL MAKE YOU BRAINLIEST
Answers
Explanation: ethical manner is honesty being responsible and so on this is the only option that falls under the category of being good to and around others
the level of savings in an economy: multiple choice can be an important determinant of future productivity. can be an important determinant of capital investment. can be a source of funding for physical capital. all of these are true.
Answers
the level of savings in an economy:
determinant of future productivity. can be an important determinant of capital investment. can be a source of funding for physical capital.Thus, all of these are true and correct.
What is saving?Savings are unspent income or deferred consumption. One way to save is to spend money. Set aside in a savings account, retirement account, mutual fund, or cash. Savings also means reducing expenses, such as recurring expenses.Savings are the portion of your income that is not spent on current expenses. In other words, it is money that is reserved for future use and not immediately spent.Saving is a way out of life's uncertainties and offers opportunities for quality living. Many hurdles and obstacles in life can be overcome by systematically investing large sums of money.
Thus, saving means a determinant of future productivity which can be an important determinant of capital investment and it can be a source of funding for physical capital.
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It is a strong drive to achieve goals and objectives through focus and proactive follow-through.
a.
Consistency
b.
Coordination
c.
Competence
d.
Commitment
Answers
Answer:
C
Explanation:
Competence gives you the ability or skill to do something
Which of the following real estate investments were involves purchasing real estate and charging a monthly fee for use of your space
Answers
Answer:
when you flip you buy at a low price, fix it up then sell at a higher price for profit. usually in less than 6 months.
what does the release of earnings announcements have in common?
Answers
Answer:
Analysts estimate both of these things ahead of time. Engines are the most expensive and heavy component of an aeroplane, therefore they are meticulously developed.
Explanation:
cenario 10.1.
Buckyballs was marketed as a desk toy made up of small magnetic spheres. Adults could play with the magnetic spheres and create different shapes. Labeling on Buckyballs packaging clearly stated that this product should be kept away from children. As concerns for safety grew, Buckyballs placed even more warning labels on the packaging. Despite this fact, thousands of children who thought the magnets were candy ingested them. The magnets could cause fatal complications inside the body. If more than one was swallowed, they could attract one another inside the stomach, creating tearing and other complications. Despite all the warnings, the Consumer Product Safety Commission ruled the product was too dangerous and filed a lawsuit. The company that made Buckyballs discontinued the office toy.
Refer to Scenario 10.1. Buckyballs was marketed as a desk toy, and many consumers placed them on their desks at work. Despite this fact, Buckyballs should be classified as a consumer product.
(true or false)
Answers
The statement is true. Buckyballs should be classified as a consumer product because they were marketed and sold to individual consumers for personal use as a desk toy.
Consumer products: Consumer products refer to goods purchased by individuals for their own use. They can be classified into three categories based on the shopping habits of consumers, namely convenience goods, shopping goods, and specialty goods. Consumer products include anything that individuals purchase and use on a daily basis, such as food, clothing, and appliances.
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Why is it virtually important to understand the fees your bank may charge on your checking account
Answers
Answer:
Explanation:
When a bank lends you money, it charges interest on the loan. When you open a deposit account, such as a checking or savings account, there are fees for that as well. It's important to know all the fees your bank charges, as well as how to reduce or eliminate as many of them as possible.
¿Cómo podría Wal-Mart mejorar su estrategia de marketing para atraer a los grandes consumidores potenciales de este sector en los mercados internacionales?
Answers
Answer:
Para poder atraer grandes consumidores potenciales del sector de retail en los mercados internacionales, Walmart tendría que focalizarse en 3 tareas específicas:
1- Por un lado, invertir en publicidad en los lugares en los que desee aumentar su rendimiento comercial, para poder dar a conocer su marca y atraer a nuevos clientes, ingresando así a mercados en los que hasta ahora no tiene presencia.
2- Además, debe lógicamente invertir en relocalizar muchos de sus centros de distribución a esos nuevos mercados, para así poder facilitar la distribución de los productos que comercializa en los nuevos territorios.
3- Por otra parte, debe garantizar un acceso al comercio electrónico, para poder así proveer a los consumidores los mismos bienes que ofrece en los Estados Unidos, pero en sus territorios de origen.
All of the following statements correctly differentiate B2B (business-to-business) markets from B2C (business-to-consumer) markets, EXCEPT B2B markets have fewer customers than B2C markets B2B markets are characterized by fixed pricing. B2B markets have multiple buying decision makers. In B2B markets, usage determines value
Answers
All of the given statements correctly differentiate B2B (business-to-business) markets from B2C (business-to-consumer) markets, EXCEPT B2B markets have fewer customers than B2C markets. Option A is the correct answer.
B2B and B2C markets have several distinguishing characteristics. B2B markets often have a smaller number of customers compared to B2C markets, as B2B transactions typically involve businesses purchasing goods or services from a limited number of suppliers. B2B markets are also characterized by fixed pricing, meaning that prices are usually negotiated and agreed upon in advance.
B2B markets typically involve multiple buying decision makers, as purchasing decisions in business settings often require input and consensus from different individuals or departments. However, the statement that B2B markets have fewer customers than B2C markets is incorrect, as B2C markets typically have a larger customer base due to the wide reach of consumer products and services. Therefore, Option A is the correct answer.
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If very small adjustments (less than 1% of total remittances) are made to reconciliation amounts after the final remittance due date for the year and the employer has a clean remittance record, no interest or penalties would be due on
True
False
Answers
The statement is False. If very small adjustments are made to reconciliation amounts after the final remittance due date for the year, even if they are less than 1% of total remittances, interest or penalties may still be due.
While having a clean remittance record is generally favorable, it does not exempt an employer from potential interest or penalties for adjustments made after the due date. The specific rules and regulations regarding interest and penalties for late adjustments may vary depending on the jurisdiction and the governing tax or financial authorities.
When it comes to the remittance of taxes or financial obligations, it is important to adhere to the specified deadlines and requirements. Making adjustments to reconciliation amounts after the final remittance due date is generally discouraged, as it can result in complications and potential consequences.
While small adjustments may seem insignificant, they can still have implications in terms of accuracy and compliance. Even if the adjustments are less than 1% of the total remittances, it does not automatically exempt the employer from interest or penalties. The governing tax or financial authorities typically have guidelines in place regarding late adjustments and may impose interest charges or penalties based on specific circumstances.
Having a clean remittance record is beneficial and demonstrates compliance with the remittance requirements up until the due date. However, it does not guarantee immunity from potential interest or penalties for adjustments made after the deadline. It is crucial for employers to ensure timely and accurate remittances to avoid any potential consequences and maintain compliance with the applicable regulations.
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Khalifa wants to expand his business further. He needs to know if he will make enough profit over the next six months. To do so, Khalid has suggested calculating his breakeven point, and his profit. Khalifa will need 100,000 AED to expand his business.
2a. Evaluate why it is a good idea for Khalifa to calculate his breakeven point.
Answers
Answer:
It is a good idea for Khalifa to calculate his breakeven point because the breakeven point will tell him at which point his sales revenue will cover his costs, giving him a profit of exactly zero.
In other words, once the breakeven point is reached, any additional sales will become profit for Khalifa, because the costs of the company will have already been covered.
The breakeven point is one of the most important financial measures, as for this reason, all firms should calculate it, whether small or large.
what is the project's net present value? a negative value should be entered with a negative sign. enter your answer in millions. for example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. round your answer to two decimal places. $ million
Answers
The project's net present value is $0.06 million, or $60,000.
To calculate the project's net present value, we need to first calculate the present value of each cash flow associated with the project. This involves discounting each cash flow to its present value using the project's discount rate. Once we have the present value of each cash flow, we can add them up to determine the net present value of the project.
Let's assume that the project has the following cash flows:
- Year 0: -$2 million (initial investment)
- Year 1: $0.5 million
- Year 2: $0.8 million
- Year 3: $1.2 million
- Year 4: $1.5 million
Assuming a discount rate of 10%, we can calculate the present value of each cash flow as follows:
- Year 0: -$2 million (no discounting necessary)
- Year 1: $0.45 million (PV = $0.5 million / 1.1)
- Year 2: $0.66 million (PV = $0.8 million / 1.1^2)
- Year 3: $0.89 million (PV = $1.2 million / 1.1^3)
- Year 4: $1.08 million (PV = $1.5 million / 1.1^4)
Adding up these present values, we get a net present value of $0.06 million, or $60,000. Since this is a positive value, we do not need to enter a negative sign.Therefore, the project's net present value is $0.06 million, or $60,000.
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how much should the firm produce to maximize profit?b. calculate marginal revenue and marginal cost for each quantity. graph them. (hint: put the points between whole numbers. for example, the marginal cost between 2 and 3 should be graphed at 212.) at what quantity do these curves cross? how does this relate to your answer to part (a)?c. can you tell whether this firm is in a competitive industry? if so, can you tell whether the industry is in a long-run equilibrium?
Answers
The output that the firm needs to produce should be equal to the marginal cost and the marginal revenue to gain the maximum profit. The marginal revenue can be find by the operating cost of the market.
A company can maximize its cost by maintaining good relationship between the investors, shareholders and the prospective customers of the company. The profit can be maximized by the quality of goods and services that must have the positive relationship between the marginal cost and marginal revenue of the company.
The firm has to maintain the quantity of production and also the output must be constant. For maximizing the profit the firm has to maintain the marginal cost, the marginal cost must nor increase more than the 25% to 30% of the operating expenses. The profit maximization is only possible when the labor cost and the management cost is decreased.
The marginal cost is calculated by the production of the cost in the product and the cost that is determined by the organization to the economic sales and the optimization in the production. The marginal cost must be calculated by the dividing the production cost with the the changes in the quantity.
The marginal revenue is calculated by the output that is measured in the company. It includes the revenue that is equal to the price sold to the item and the quality of the product that is sold. The marginal cost is the total revenue of the business that is earned by the company and it also shows the economy of the company.
The graph that represents the marginal cost and marginal revenue is directly proportionate that means if one quantity increases the other quantity also increases and if one quantity decreases the other quantity decreases. The point where both the marginal cost and the marginal revenue crosses is also called as the break even-point. The curve that represents the marginal revenue increases by the income that is gained and the marginal cost increases when the selling expenses increases in one unit.
The firm with high marginal cost has the strength to increase the competition. They also support in the long term run of the company that is in run of equilibrium of the company.
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Which of the following is not a life role category?
O Risk Taker
O Worker
O Family Member
O Learner
Answers
Risk Taker is not a life role category.
A life role is a set of expectations, behaviors and attitudes that a society assigns to a person based on their gender, age, social status, race or other factors. For example, in many cultures women are expected to be loving, nurturing and care-givers, while men are expected to be strong, provider-types.
Life roles help to define how we see ourselves and how we are seen by others. They can be a source of satisfaction and fulfilment, but they can also be a source of stress and frustration if they do not fit with our own personal aspirations and identity.
Hence, the correct option is "First".
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rebecca wants to borrow $5,000 for 4 years. she will repay the debt, plus the finance charges in one lump sum at the end of the 4-year period. if the lender charges her 7% simple interest, how much will rebecca pay in finance charges?
Answers
Rebecca will pay $1,400 in finance charges for borrowing $5,000 over a 4-year period with a 7% simple interest rate.
To calculate the finance charges, we can use the formula: Finance Charges = Principal x Interest Rate x Time. In this case, the principal is $5,000, the interest rate is 7% (or 0.07), and the time is 4 years.
Plugging the values into the formula, we have: Finance Charges = $5,000 x 0.07 x 4 = $1,400.
Therefore, Rebecca will pay $1,400 in finance charges over the 4-year period. This amount represents the cost of borrowing the $5,000 from the lender. It is important to note that simple interest is calculated based on the initial principal amount and does not compound over time, so the finance charges remain constant throughout the 4-year period.
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Why is it important for consumers to know the difference between a want and a need
Answers
Answer: So they don't waste their money on things they don't need.
Explanation: If consumers don't know the difference between a want and a need they will make poor decisions so it is highly important to distinguish the two.
To be eligible for a ______, an applicant must have participated in farm or ranch management for at least three years.
Answers
To be eligible for a USDA loan through the Farm Service Agency, an applicant must have participated in farm or ranch management for at least three years.
What assistance does the Farm Service Agency provide?
The organization offers finance to farmers and ranchers who are unable to obtain private, commercial credit, with a focus on beginning, minority, and female farmers and ranchers. It also buys and delivers goods for use in global humanitarian food initiatives.
What does USDA loan mean?
Low-income rural households who would otherwise be unable to secure a traditional mortgage can do so through the U.S. Department of Agriculture's (USDA) home loan program. You might be eligible for a USDA guaranteed loan or a USDA direct loan if you reside in a rural location and are unable to obtain a conventional loan.
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What does deficit spending require a government to do?
lay off workers
cut taxes
take on debt
hire more workerscy
Answers
Answer:
c. TAKE ON DEBT
Explanation:
A deficit spending require a government to: C. take on debt.
What is deficit spending?A deficit spending can be defined as a situation in which the expenditure of government exceed the amount of money generated as revenues over a fiscal period.
This ultimately implies that, deficit spending typically occurs when government's expenditure is greater than its revenue over a specific period time.
Consequently, government tends to resort to borrowing or taking debt when there is deficit spending in its budget.
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Scholarships, grants and work study money all reduce the of high education
Answers
Grants can be of various types. The net cost of higher education is reduced by scholarships, grants, and work-study funding. The annual cost of attendance for the college, excluding grants, scholarships, tuition waivers, and other financial aid.
Why is scholarship advantageous?By reducing the financial barrier, scholarship supports the advancement of your academic and professional ambitions. All of your financial worries disappear if you receive a scholarship. You can use the extra time to study, learn, and earn higher marks.
What percentage of students receive scholarships, and how much?A 22 percent decline from the previous year, the typical scholarship payout in 2022 was $6,041 instead of $7,012. Sixty percent of American families paid for college with scholarships during the 2021–22 school year.
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Which of the following is the most common traits of entrepreneurs? A. Passionate B. Risk-taker C. Independence D. Self-assured
Answers
Answer:
A. Passionate
Explanation:
Hope this helps
Answer: independence
Explanation: