Victor's Detailing Customers Would Be Willing to Pay $57 Per

question 116

Multiple Choice

Victor's Detailing customers would be willing to pay $57 per detail. The average job would cost $30.
-Refer to the Figure.Assume Victor's Detailing uses markup to set the price on each job.The company requires an 80% markup on each job.What price should Victor's Detailing quote to a new customer?

• A)$24
• B)$30
• C)$54
• D)$84

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Definitions:

CFO

Chief Financial Officer, an executive responsible for managing the financial actions of a company.

Regulation A

An exemption under the Securities Act allowing smaller companies to offer and sell up to $50 million of securities in a 12-month period, subject to less stringent reporting requirements.

Resold

Refers to the action of selling something that has already been bought; involves the subsequent or secondhand sale of an item or property.

Securities Act of 1934

The Securities Act of 1934 is a U.S. federal law that primarily governs the trading of securities after the initial sale, establishing rules for transactions, the disclosure process, and the prevention of fraud.