Which of the following statements about a change in reporting entity are true? (Select all that apply.)
Check All That Apply
A change in reporting entity occurs as a result of changing specific companies that constitute the group for which consolidated or combined statements are prepared.
A change in reporting entity occurs as a result of changing specific companies that constitute the group for which consolidated or combined statements are prepared.
For changes in entity that result from changes in accounting rules, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.
For changes in entity that result from changes in accounting rules, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.
When one company acquires another one, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.
When one company acquires another one, the prior-period financial statements that are presented for comparative purposes must be restated to appear as if the new entity existed in those periods.
When there is a change in reporting entity, disclosure note is not required.

Answers

Answer 1

The statements about a change in reporting entity are true is A change in reporting entity occurs as a result of changing specific.

A reporting entity is any entity (including business entities) that can reasonably be expected to have users who rely on common financial reports for information that aids decision-making and evaluation of scarce resource allocations. is.

A reporting entity is an entity that is required or elects to prepare financial statements. A reporting entity may be a single entity, part of an entity, or include multiple entities (consolidated reporting). A reporting entity is typically, but not necessarily, a legal entity.

The definition of reporting entity is primarily based on the concept of financial accountability. The primary government is financially responsible for the organizations that make up its legal entity.

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Related Questions

Which project variable is defined as the degree to which the project meets the needs of its users?.

Answers

The degree to which the project satisfies its users' needs is considered the project's quality.

What is project variable?

A person, place, thing, or phenomenon that you are attempting to quantify in any way is simply referred to as a variable in research. Looking at what the words themselves tell about the variable you're using is the easiest way to differentiate here between dependent and independent variable. Project variables serve as placeholders, with values selected when a particular Deployment Profile is created. According to Defining Environmental Constants, project variables can be literals or environmental constants.

How do you identify variables in a project topic?

The hypothesis or research question contains variables. You can see how variables function in a research study in a hypothesis. Look for elements in your research question or hypothesis that affect, manipulate, or cause a response to be able to identify independent research variables.

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Sea Rovers, Inc. contracted to sell 1,000 pounds of shrimp to the Seafood Shack withdelivery on June 1. On May 1 Sea Rovers advised the Seafood Shack that it would not be able todeliver the shrimp. The Seafood Shack _____.
can sue Sea Rovers immediately for breach of contract
must wait until June 1 to see if Sea Rovers will perform before suing for breach of contract
cannot sue Sea Rovers because Sea Rovers gave adequate notice
must wait until actual damages are determined before it can sue

Answers

The Seafood Shack can sue Sea Rovers immediately for breach of contract.

A breach of contract happens when one party in an official understanding neglects to convey as per the provisions of the understanding.

A breach of contract can occur in both a composed contract and an oral contract.

The gatherings engaged with a breach of contract might determine the issue among themselves or in an official courtroom.

There are various kinds of contract breaches, including a minor or material breach and a genuine or expectant breach.

A breach of contract isn't viewed as a wrongdoing or even misdeed and seldom brings about extra monetary compensation.

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a bond with 20 years until maturity has a coupon rate of 7.4 percent and a yield to maturity of 7.5 percent. what is the price of the bond?

Answers

$847.08 is the price of the bond.

How do you calculate the price of the bond?

Assume per value of bond (P) = $1,000

Annual coupon rate = 7.4%

Semi-annual coupon rate = 6%

Semi-annual coupon of bond (C)= 6% of $1,000 = $60

Number of years to maturity = 20

Number of coupon payments till maturity (n) = 20

Annual YTM = 7.5%

Semi-annual YTM (r) = 7.5%

Market Price of Bond

=C×1−(1+r)−nr+P(1+r)n

=$60×1−(1+0.075)−200.075+$1,000(1+0.075)20

=$847.08

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$847.08 is the price of the bond.

How do you calculate the price of the bond?

Assume per value of bond (P) = $1,000

Annual coupon rate = 7.4%

Semi-annual coupon rate = 6%

Semi-annual coupon of bond (C)= 6% of $1,000 = $60

Number of years to maturity = 20

Number of coupon payments till maturity (n) = 20

Annual YTM = 7.5%

Semi-annual YTM (r) = 7.5%

Market Price of Bond

=C×1−(1+r)−nr+P(1+r)n

=$60×1−(1+0.075)−200.075+$1,000(1+0.075)20

=$847.08

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You have been assigned to implement a three-month hedge for a stock mutual fund portfolio that primarily invests in medium-sized companies. The mutual fund has a beta of 1.16 measured relative to the S&P Midcap 400, and the net asset value of the fund is $156 million. a. Should you be long or short in the Midcap 400 futures contracts? Short Long b. Assuming the Midcap 400 Index is at 634 and its futures contract size is 500 times the index, determine the appropriate number of contracts to use in designing your cross-hedge strategy. (Do not round intermediate calculations. Round your answer to the nearest whole number.) Contracts

Answers

According to the assignment you have been given, there are 3.659306 contracts that need to be purchased.

What exactly are mutual funds?

A mutual fund is a group of investments that is expertly supervised by a money manager. a trust that, after receiving funds from an amount of participants who share similar investing objectives, invests them in stocks, bonds, marketable securities, and/or other commodities.

Is investing in mutual funds a wise idea?

Anyone wishing to diversify their portfolios may find mutual funds to be a beneficial investment. Find out if investing in mutual funds is the correct choice for you. Mutual funds provide convenience and diversification at a cheap cost, but whether you should participate in such depend on your particular circumstances.

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if consumers are willing to pay a slightly higher price for this​ firm's product at any given​ quantity, so that there is a small upward shift in demand part 4 a. the profit maximizing price will not change. b. the profit maximizing output level will not change. c. neither the profit maximizing price nor output will change. d. both the profit maximizing price and output will change.

Answers

if customers are willing to pay a little bit more for this company's product at any given quantity, there will be a minor increase in demand. if customers are willing to pay a little bit more for this company's product at any given quantity, there will be a minor increase in demand.

What is demand?

Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the number of things that consumers are prepared and willing to purchase at various prices within a specific time frame.

The law of demand asserts that all other things being equal (centers Paribus), the relationship between the price and quantity demanded of any good or service is inverse.

The first slice of pizza that a customer purchases, when they are hungry, will be the most useful or beneficial. The utility decreases and the consumer is more satisfied with each subsequent slice.

Therefore, Thus option (A) is correct.

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the risk-free rate is 2.7 percent and the market expected return is 12.4 percent. what is the expected return of a stock that has a beta of .91?

Answers

The expected return of a stock that has a beta of .91 is  13.98%

What is expected return and risk?

Risk is the risk that the real return will be different from the expected return, i.e., the real return could be 30% or 10% instead of the projected return of 20%. Investors want a return known as the risk-free return as payment for their risk-free investment. It is impossible to guarantee expected returns.

Given:

risk free rate = 2.7%

beta= 0.91

market risk premium/return on market = 12.4 %

Hence, the formula for expected return is:

ER = RFR + (B × EMR)

where;

ER = expected return

RFR = risk free rate

B = beta

EMR = expected market return

ER = (2.7) + (0.91 × 12.4)

ER = 2.7 + 11.28

ER = 17.78

The expected return = 13.98 percent

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organizations may offer executives rewards that include high salaries, memberships in private clubs, and access to recreational facilities. some ceos earn millions more per year than other employees at the same company. which statement best explains why executive compensation is so different than that of other employees?

Answers

The executives compensation is so different than that of other employees because executives are ultimately responsible for the organization's success and therefore should be entitled to rewards.

Executives should be rewarded since they are ultimately accountable for the performance of the company. The purpose of executive compensation above and above basic pay is to incentivize executives to achieve specified organizational performance goals, such as predetermined profit levels, and to reward them for achieving these goals.

Make sure you also take into account aspects relevant to your firms, such as your industry, organization size and kind, income, and structure. Executive remuneration should often only be given to the highest-paid staff due to the complexity, risk, and tax and regulatory limits.

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if you were an employer, what evidence would you use to determine an applicant’s general suitability for a professional position?

Answers

Academic excellence Early recognition of one's professional field Engagement in college or university life Volunteer work Attending graduate school.

What benefits does competing bring to physical activity?

Rivalries bring about more prominent activity force than practices or preparing (3, 29), and consequently a cutthroat viewpoint added to practice can both reenact game play and increment practice exertion.

What advantages would cross-training and dual credentials bring?

Double accreditation and broadly educating give better open positions.Broadly educating gives experts apparatuses to all the more likely serve their clients without alluding to another trained professional.

Why should I participate in professional development?

Professional development comes into play because continuing education and training are necessary for career success.Professional development, also known as continuing education and professional learning, aims to teach workers the skills they need to succeed in their chosen field.

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lesley buys 6 cappuccinos per week when her income is $900 per week and buys 8 cappuccinos per week when her income is $1100 per week. for lesley, cappuccinos are a(n) good.

Answers

lesley buys 6 cappuccinos per week when her income is $900 per week and buys 8 cappuccinos per week when her income is $1100 per week. for Lesley, cappuccinos are quantity-supplied goods.

A cappuccino is a coffee-based coffee drink that originated in Austria and changed into later popularized in Italy and is prepared with steamed milk foam (microfoam). versions of the drink involve using cream as opposed to milk, the use of non-dairy milk substitutes, and flavoring with cinnamon or chocolate powder. it's miles normally smaller in extent than a caffè latte, with a thicker layer of microfoam.

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Creating compelling visuals for presentations requires people to learn what new tools?.

Answers

Answer: design software

Explanation:

you're the marketing manager for an online sporting goods store and have been tasked to optimize the company's display campaigns before increasing their budgets. what should you do to achieve this goal?

Answers

Display campaigns enable you to reach a relevant audience with visually compelling advertising as they browse millions of websites, apps, and -owned properties (such as ) to achieve your marketing objectives. One of the campaign types you have access to in Ads is a display campaign.

What is marketing?

Marketing is the process of investigating, developing, and providing value in terms of products and services to fulfill the needs of a target market. Potentially includes the selection of a target audience; the selection of certain traits or themes to emphasize in advertising;

Marketing is the activity of investigating, generating, and supplying value in the form of goods and services to fulfill the demands of a target market, potentially including the identification of a target audience; the selection of specific traits or themes to stress in advertising.

Display advertising promotes goods and services by using text, images, or videos on websites owned by other people. Display advertising comes in a variety of forms. Display advertising includes, for example, banner adverts. Leaderboard advertisements on desktop and mobile devices are also.

Therefore, achieve your marketing objectives. One of the campaign

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The market mechanism might leave some people with too little income and others with too much. The government uses taxes and transfers to redistribute income more fairly.
Program Recipient Group Number of Recipients Value of Transfers
Social Security Retired and disabled workers 67 millions $1,002 billion
Medicare Individuals over age 65 59 millions $ 620 billion
Medicaid Medically needy individuals 75 millions $ 400 billion
Unemployment Compensation Unemployed workers 6 millions $ 30 billion
Calculate the average benefit a recipient of Medicaid receives. Instructions: Round your response to the nearest dollar. $ 1500

Answers

Taxes and transfers are used by the government to more equitably share revenue. A Medicaid participant typically receives $1500 in benefits.

What distinguishes Medicare and Medicaid?

Medicare is a health insurance program for seniors, disabled individuals under 65, and dialysis patients. Medicaid is a program that provides financial aid for low-income patients' medical costs.

Who covers Medicaid costs?

The federal government and the states share funding for the Medicaid program. The amount that the federal government reimburses states for program costs is known as the Federal Medical Assistance Percentage, or FMAP (FMAP).

Who profits from Medicaid the most?

Spending on Medicaid is mostly targeted at the elderly and those with disabilities. Despite accounting for over two-thirds of Medicaid spending, seniors and individuals with disabilities make up one in four beneficiaries, which reflects the high per-enrollee expenses for both acute and long-term care.

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your supervisor, ashby, wants you to make an appointment for her to meet with a friend of yours, kevin. she wants to make a sales pitch to your friend, but you and your friend have an agreement not to mix business with your friendship. ashby won’t take no for an answer. she’s threatened to withhold your promotion if you don’t make the appointment. which political behavior is ashby using?

Answers

Coercion is used by Ashby as she threatened to withhold your promotion if you don’t make the appointment.

What is Coercion?


The Indian Contract Act's Section 15 defines coercion as "committing or threatening to commit any act prohibited by the Indian Penal Code, or unlawfully detaining, or threatening to detain, any property, to the prejudice of any person whatsoever, with the intention of causing any person to enter into an agreement."

Give an example of Coercion.


For instance, if B refuses to sell his house to A for 5 lakh rupees, A may threaten to harm him. Here, even if B sells the house to A, the agreement won't be enforceable because B's cooperation was coerced. Now, coercion has the result of rendering the contract void.

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assume a product costs $5. the variable cost per unit is currently $4, and the fixed cost is $25,000. if the company can alter its production method such that the variable costs fall to $3.50 and the fixed costs rise to $30,000, what will happen to the breakeven point?

Answers

the fixed costs increase to $30,000 while the variable costs decrease to $3.50. Breakeven threshold will be reached soon.

What instances of variable costs are there?

The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable expenses. Regardless of the level of production, fixed expenses stay constant. Lease and rental repayments, insurance, and accrued interest are examples of fixed costs.

the cost of wages variable?

Regardless of whether production rises or falls, fixed costs stay the same. Paying employees their regular hourly wages is a fixed expense. Any additional time spent by them at work is a variable expense.

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which type of leader inspires employees to follow a vision, facilitates change, and creates a strongly positive performance climate? this type of leader is considered to be the most effective.

Answers

An authoritative leader motivates employees to follow a vision, facilitates change, and fosters a highly positive performance environment.

An employee is someone who is paid to work for a company or another person.Employees are classified into several types, and businesses can hire one or more types of employees to perform work. Part-time employees are the most common employee classifications. Employees who work full-time.

Employees are important because, among other things, they carry out your mission and have influence over your customers. They complete your mission. One of the most important reasons employees are critical to an organization's success is that they are directly responsible for carrying out your mission.

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an advertiser doesn't have much time to create ads, and hopes to use a display campaign to automatically create them. which two building blocks must they supply in order for a display campaign to automate their ad creation? a. headlines b. keywords c. images d. videos

Answers

A headline and an image are the two components that an advertiser must supply for a smart display campaign to automatically generate their advertising.

How might starting a campaign for display advertisements help him achieve his goal?

It enables him to target niche markets locally and generate sales as soon as his advertisement is noticed. He has access to more than three million websites and apps, which represents more than 90% of all internet users globally.

Creating brand and mental awareness are examples of possible display advertising goals. providing a lead magnet to attract leads Retargeting to win back former customers or users.

Why ought a marketer to think about implementing responsive display ads?

When Go-ogle Ads determines that your videos could lead to higher performance, videos are displayed in place of photos. Save time: By using responsive display advertisements, you can spend more time on performance enhancement and spend less time managing ad portfolios inside ad groups and campaigns.

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what is the adjusted balance per bank? (2 points) what must be the unadjusted balance per books? (2 points) identify any fraud or possible fraud at wildflower industries?

Answers

All unpaid checks are subtracted, pending deposits are added, adjustments are subtracted, and the sum entered in the Statement Ending Balance field in Reconcile Bank is added to arrive at the adjusted bank balance.

The amount of the adjusted bank balance is determined by removing all outstanding checks, adding all pending deposits, subtracting all adjustments, and adding the amount entered in the Statement Ending Balance field in Reconcile Bank. find any fraud at wildflower industries, either actual or potential. When the cash balances on the ledger account and bank statement do not agree, the unadjusted cash balance is found. The accountant confirms the transactions that are either missing from the ledger or the bank statement in order to reconcile the balances.

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a buyer expressing concern about the product's ability to function properly is raising which type of objection?

Answers

The product's ability to function properly is Company or Source.

We ought to first attain and overview the criteria for authorization available on the capacity Distributor web page of this internet site. Then, fill out the utility also positioned at the potential Distributor page and put up it to the commission staff.

Employment in the AbilityOne software gives individuals who are blind or produce other large disabilities the ability to serve their u. s. through imparting essential products and services to the federal authorities and armed services. The AbilityOne software is a favored supply of supplies for federal personnel.

NISH is a country-wide nonprofit company that creates employment opportunities for human beings with tremendous disabilities. We accomplish this thru a countrywide network of extra than 550 nonprofit company partners to fulfill contracting wishes for the Federal authorities, commercial agencies, and government contractors.

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since the welfare analysis says that either producer or consumer is harmed by opening free trade, the principles of comparative advantage and specialization no longer apply.

Answers

a country's capacity to generate a certain good or service at a lower opportunity cost. When choosing between several production possibilities, the theory of comparative advantage introduces opportunity cost as a consideration to take into account.

Comparative advantage theory is the capacity of an economy to produce a particular good or service at a lower opportunity cost than its trading counterparts. When choosing between several production possibilities, the theory of comparative advantage introduces opportunity cost as a consideration to take into account. Geographic and human specialisation will benefit each trade nation. Each nation should produce goods with a domestic opportunity cost that is lower than those of other nations.

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imagine a trader buys a put option on a stock with a strike price of 500 and pays a premum of 25. what is the traders break even point

Answers

The cost per share to stop the strike price is subtracted from the put option's break even point.As a result, 50-25 serves as the break even point.

When the put option expires, how much will the stock be worth?

Put Options: NoneIf the underlying security trades above the strike at expiration, a put option has no value and grants the holder the right to sell the stock at a predetermined price.

What is the cost of a European put option on a stock that does not pay dividends?

A European put option with a $50 strike price on a non-dividend-paying stock costs $6.The stock price is $51, the time until maturity is one year, the continuously compounded risk-free rate for all maturities is 6%, and the price of the stock is $51.

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if a firm's marginal tax rate is increased, this would, other things held constant, lower the cost of debt used to calculate its wacc.

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If a firm's marginal tax rate is increased, this would, other things held constant, lower the cost of debt used to calculate its wacc. The before-tax fee of debt, that is lower than the after-tax cost, is used because the factor cost of debt for functions of growing the firm's WACC.

Taxes are mandatory contributions levied on individuals or agencies via a government entity—whether local, local, or country wide. Tax sales finance government activities, which include public works and services together with roads and schools, or programs along with Social safety and Medicare.

Without taxes, authorities' contributions to the health region might be not possible. Taxes visit funding fitness offerings which include social healthcare, clinical research, social safety, and so forth.

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Why do banks and companies want to know if you have opened up any new credit accounts recently.

Answers

Information about your bank account will not be included in your credit report and will not have any impact on your credit score. On the other hand, lenders make an assessment of your capacity for more debt based on information about your assets, bank account, and savings.

When opening a new account, what do banks check for?

Before allowing you to open an account, banks and credit unions want to know about your financial background. Your banking history is examined to achieve this. Similar to a credit check, this report shows the consumer's financial activities, but for bank accounts rather than credit cards.

Bank transactions and account balances are not included in the information provided to the national credit reporting bureaus, therefore they have no impact on your credit reports. On the other hand, unpaid bank fines or fees will appear on your credit reports and may result in a decline in your credit score.

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the stockholders' equity section on the december 31 balance sheet of chemfast corporation reported the following amounts: contributed capital preferred stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) $ 112,000 additional paid-in capital, preferred 16,520 common stock (no-par; authorized 20,000 shares, issued and outstanding 6,400 shares) 665,600 retained earnings 34,000 treasury stock, 1,000 preferred shares at cost (9,700) assume that no shares of treasury stock have been sold in the past.

Answers

1)The number of shares of preferred stock issued

$102,000/ $20 = 5100 shares

2. The number of shares of preferred stock outstanding

No. of issued shares - No. in treasury stock = 5100 - 1000 = 4100 shares

3. The average issue price of the preferred stock

($102,000 + $13,770)/5100 = $22.70 per share

4. The average issue price of the common stock

$584,100/5900 = $99 per share

5. The treasury stock transaction decreased stockholders' equity by

$9450

6. The treasury stock cost

$9450/1000 = $9.45 per share

7. Total stockholders' equity

= preferred stock + Additional Paid-in Capital, preferred + common stock + retained earnings - Treasury Stock

= 102000+13770+584100+29000-9450

=719,420

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3. what is the usual criterion that governs selection of the successful bidder in a public works contract?

Answers

A works contract is basically a settlement of provider which may additionally involve supply of goods inside the execution of the contract. It is essentially a composite deliver of each offerings and items, with the carrier detail being dominant within the contract among events

Headnotes through the Editorial workplace. 1. a piece order contract is a settlement among  events, whereby, in trade for a rate, one among them agrees to independently create and supply an intellectual or creative work, according with the plan and commands of the alternative.

The motive of a work order is to provoke a challenge, make clear what's to be done, specify of entirety dates, and give special commands as wished. CMMS paintings order management software program also allows groups manipulate and preserve records on belongings as well as on sources, costs, and exertions.

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stakeholders stand out to managers when they exhibit: integrity, power, and legitimacy. power, legitimacy, and urgency. legitimacy, loyalty, and urgency. integrity, loyalty, and power.

Answers

stakeholders stand out to managers when they exhibit:

Power, legitimacy, and urgency.

What does the term "stakeholders" mean ?

A stakeholder is a party with an interest in a business who has the potential to influence or be affected by it. A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders.

However, the idea has been broadened to encompass communities, governments, and trade associations as a result of the growing focus on corporate social responsibility.

An organization's stakeholders may be internal or external. Individuals with a direct interest in a company, such as through employment, ownership, or investment, are said to be internal stakeholders.

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a successful business plan should be no more than: a.100 pages. b.2 pages. c.5 paragraphs. d.10 pages. e.50 pages.

Answers

A successful business plan should be no more than: 10 pages.

A business plan is a comprehensive document that outlines the goals of a company and how those goals will be attained. A business plan is a document that outlines the marketing, financial, and operational objectives of a company. Both new and established businesses use business plans.

Without a doubt, the executive summary is the most crucial section of the business plan.It must be brief, precise, and well-written. Many people who read your business plan will decide whether or not to continue reading based solely on the executive summary.

Hence, the correct answer is "D".

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capacity strategies are implemented based on management's objectives and corporate policies. which pure strategy is used that retains the work force at a stable level?

Answers

Aggregate planning strategy is used that retains the work force at a stable level.

Any sort of business, whether it operates in the industrial or service industries, must establish a broad aggregate strategy for a specified time period that outlines how goals are attained.

The success of the plan's objectives and the utilization of alternatives or options are determined.

Simply put, aggregate planning is thought of as a technique to balance capacity and demand by reducing expenses.

When planning is referred to as "aggregate," it means that all of the resources are taken into account together. An illustration of this would be a product family or line.

In other terms, aggregate planning referred to a method for generating a production schedule for a certain time frame. Once every condition deemed essential for a flawless production has been listed, it can start.

Aggregate planning is a planning technique used in the production process to identify the resource capacity needed to meet the anticipated demand.

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which statement below is true? group of answer choices the outcome of a simultaneous, one-shot game will be in cell d this is an example of a prisoner's dilemma neither company has a dominant strategy only one company has a dominant strategy

Answers

If the players choose their actions without knowing what the other players are doing, the game is considered simultaneous-move.Even though it may very well be the case, this does not necessarily indicate that the players are acting simultaneously.

What is an illustration of a prisoner's quandary?

A crime is alleged against two prisoners.If one person makes a confession and the other does not, the one who makes a confession will be freed right away, while the other person will serve 20 years in prison.Each will only be held for a few months if neither of them confesses.Both will be sentenced to 15 years in prison if they confess.

Given the prisoner's predicament, what is the most likely outcome?

In a prisoner's dilemma, the most likely outcome is for both players to defect, or act selfishly, resulting in poor outcomes.This is likewise the Nash Balance, a dynamic hypothesis inside game hypothesis that expresses a player can accomplish the ideal result by not veering off from their underlying methodology.

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pauley company needs to determine a markup for a new product. pauley expects to sell 15,000 units and wants a target profit of $38 per unit. additional information is as follows: variable costs per unit fixed costs (total) direct materials $ 16 overhead $ 50,950 direct labor 17 general and administrative 57,950 overhead 10 general and administrative 19 using the variable cost method, what markup percentage to variable cost should be used?

Answers

If pauley company needs to determine a markup for a new product. The markup percentage to variable cost should be used is: 137%

How to find the markup percentage to variable cost?

Calculation for Total variable costs

Variable product cost per unit $16

Variable administrative cost per unit $17

Total variable costs =$33

Using this formula to find the  markup percentage to variable cost

Markup percentage=[(Target profit + Fixed overhead costs + Fixed administrative costs) / Total variable costs

Let plug in the formula

Markup percentage=[($38× 15,000 units)+$50,950 +$57,950]/$33×15,000)

Markup percentage=($570,000+$50,950 +$57,950)/$495,000

Markup percentage=$678,900/$495,000

Markup percentage=137%

Therefore the markup percentage to variable cost that should be used will be 127%

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some students want to order shirts with their school logo. one company charges $9.65 per shirt plus a set up fee of $43. another company charges $8.40 per shirt plus a set up fee of $58. what is the number of shirts ordered and the amount when the two companies charge the same thing?

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