$100 8. $225 $297 $186 $198 Find the stock turnover at retail and at cost for the following. Round to the nearest hundredth. [8.4] Turnover Average Inventory at Cost at Cost $14,120 Average Inventory at Retail $25,572 Cost of Goods Sold $81,312 Retail Sales $146,528 Solve the following application problems. "0. Smart Phones, Inc. buys one model of smartphone, paying $2370 per case of 20 phones, Find the

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Cost
7. $160
8. $225
www f
Complete the following. If there is no operating loss or absolute loss, write "none
Break even
Point
Reduced
Price
$186
$40
9. $14,120
Average Inventory
at Cost
selling price, sing the app
$297
Markup
6 100%
$198
Average Inventory
at Retail
$25,572
Find the stock turnover at retail and at cost for the following. Round to the nearest hundredth. [8.4]
Turnover
at Cost
Operating Absolute
Loss
Cost of
Goods Sold
$81,312
a doº
b
Retail
Sales
$146,528
Solve the following application problems.
10. Smart Phones, Inc. buys one model of smartphone, paying $2370 per case of 20 phones.
Find the asking price for each assuming a 40% markup on cost.
11. It cost a singer-songwriter $67,300 for all of the expenses to engineer, record, mix, and
promote a new music disc. The cost also included the manufacturing of 5000 discs.
Assume each disc sells for $20. Find (a) the markup in dollars, (b) the markup as a per-
cent of cost to the nearest tenth of a percent, and (c) the markup as a percent of selling
price to the nearest tenth of a percent.
REI buys jogging shorts manufactured in Indonesia for $195.00 per dozen pair. Find t
selling price per pair if the retailer maintains a markup of 35% on selling price. [8.2
ercise that is related to the Case in Point feature.
Restaurant Supply sells a walk-in refrigerator for $5250 while using a markup of 25
cost. Find the cost. [8.1]
Transcribed Image Text:Cost 7. $160 8. $225 www f Complete the following. If there is no operating loss or absolute loss, write "none Break even Point Reduced Price $186 $40 9. $14,120 Average Inventory at Cost selling price, sing the app $297 Markup 6 100% $198 Average Inventory at Retail $25,572 Find the stock turnover at retail and at cost for the following. Round to the nearest hundredth. [8.4] Turnover at Cost Operating Absolute Loss Cost of Goods Sold $81,312 a doº b Retail Sales $146,528 Solve the following application problems. 10. Smart Phones, Inc. buys one model of smartphone, paying $2370 per case of 20 phones. Find the asking price for each assuming a 40% markup on cost. 11. It cost a singer-songwriter $67,300 for all of the expenses to engineer, record, mix, and promote a new music disc. The cost also included the manufacturing of 5000 discs. Assume each disc sells for $20. Find (a) the markup in dollars, (b) the markup as a per- cent of cost to the nearest tenth of a percent, and (c) the markup as a percent of selling price to the nearest tenth of a percent. REI buys jogging shorts manufactured in Indonesia for $195.00 per dozen pair. Find t selling price per pair if the retailer maintains a markup of 35% on selling price. [8.2 ercise that is related to the Case in Point feature. Restaurant Supply sells a walk-in refrigerator for $5250 while using a markup of 25 cost. Find the cost. [8.1]
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