The buyer for the housewares department purchased 40 blenders which retailed for $200 each. Eight blenders sold at the $200 price. For a special sales event, 32 remaining blenders were marked down to $140 each. Ten of the blenders were sold during the sale, and the remaining 22 blenders were marked back up to the original $200 unit price. All of the remaining blenders sold at the orignal price.
Required:
1. Calculate the total markdown dollars.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The buyer for the housewares department purchased 40 blenders which retailed for $200 each. Eight blenders sold at the $200 price. For a ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The term trompe l'oeil refers to work that
Answers (1)
The positive correlation between cognitive ability and performance is stronger in jobs that are simple or situations that demand repetition. True False
Answers (1)
Yojayna works for a manufacturing company. She meets with her boss once a week to review how well the company is meeting the tactical and operational plans she has made.
Answers (1)
Shadow corp. has no debt but can borrow at 6.5 percent. the firm's wacc is currently 9.8 percent, and the tax rate is 35 percent. a. what is the company's cost of equity? b.
Answers (1)
Buster Industries pays weekly salaries of $41,100 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on Tuesday is:A) debit Salaries Payable, $16,440; credit Cash, $16,440.
Answers (1)
New Questions in Business
You have just won a lottery! You will receive $50,000 a year beginning one year from now for 20 years. If your required rate of return is 10%, what is the present value of your winning lottery ticket
Answers (1)
You want to invest in a project in Canada. The project has an initial cost of C$828,000 and is expected to produce cash inflows of C$355,000 a year for three years. The project will be worthless after the first three years.
Answers (1)
When comparing the three broad types of economic systems, it can be said that for a pure market economy to function efficiently, product supply must be restricted.
Answers (1)
Agency problems are most associated with: Multiple Choice 1. limited liability companies. 2. limited partnerships. 3. corporations. 4. sole proprietorships. 5. general partnerships.
Answers (1)
Timothy works for a company that pays employees in his position $12 per hour to work but also pays for medical and dental coverage, a 401K retirement plan, and a week of paid vacation.
Answers (1)