Find the Missing Numbers

question 4

Multiple Choice

Find the missing numbers. Round rates to the nearest tenth of a percent and dollar amounts to the nearest cent.
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• A)Markup: $13.44 % Markup on Cost: 34.4%
• B)Markup: $4.20 % Markup on Cost: 47.6%
• C)Markup: $8.82 % Markup on Cost: 52.4%
• D)Markup: $4.20 % Markup on Cost: 90.9%

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Definitions:

Warranty Period

The duration during which a manufacturer or vendor is obligated to repair or replace a product if it fails to meet specified criteria.

Journal Entry

A record in accounting that shows the financial transactions affecting the accounts of a business.

Average Cost

Average Cost is a cost accounting method that calculates the cost of goods sold and ending inventory value by averaging the total cost of goods available for sale over the total units.

Subscription Sales

Income generated from selling access to a product or service over a period of time rather than as a single purchase.