A Local Dealer Sells Baseballs for $25

question 77

Multiple Choice

A local dealer sells baseballs for $25.00 each. If this is a 31.6% markup on cost, find the equivalent markup percent on the selling price.

• A) 24%
• B) 76%
• C) 31.6%
• D) 26.7%

---

Definitions:

Capital Expenditures Budget

A budget that outlines planned investments in fixed assets, such as property, plant, and equipment, which are expected to provide benefits over multiple periods.

Investing Activities

Financial transactions and activities related to the acquisition or sale of long-term assets and investments.

Budgeted Balance Sheet

A projection of a company's financial position at a future date, estimating assets, liabilities, and shareholders' equity based on planned activities.

Operating Plans

Detailed plans outlining a company's goals and how it will operate to achieve them, including production, marketing, and staffing strategies.