Question 1

Rebecca Gollanek makes and sells wooden cooling racks for cakes,cookies,and bread for $22.50 each.She has invested $4,300 in the venture and made $2,200 in net profit.Calculate her return on investment.

Accepted Answer

A)  22.0%
B)  43.0%
C)  48.8%
D)  51.2%
E)  195.5%F) All of the above
G) A) and C)

Question 2

The __________ is the dollars added to cost of goods sold (COGS) to arrive at the selling price.

Accepted Answer

A)  markup
B)  selling price
C)  return on investment
D)  stockturn rate
E)  markdownF) A) and E)
G) A) and D)

Question 3

The __________ is the ratio of net income to the investment used to earn that net income.

Accepted Answer

A)  markup
B)  selling margin
C)  return on investment
D)  return on assets
E)  markdownF) A) and E)
G) B) and E)

Question 4

If Jane Westerlund,owner of a picture frame store,raises the average price of a framed picture to $80 and the cost of goods sold is $36,what is the percentage markup on cost?

Accepted Answer

A)  36 percent
B)  55 percent
C)  64 percent
D)  100 percent
E)  182 percentF) A) and E)
G) D) and E)

Question 5

To increase the number of dogs boarding at its facilities,Muntz Kennels mailed coupons to dog owners who lived within a 25-mile radius of the facility.The printing and postage costs for the mailing plus the coupon redemptions would appear in which major expense category on the company's income statement?

Accepted Answer

A)  general
B)  administrative
C)  fixed
D)  selling
E)  variableF) A) and B)
G) B) and D)

Exam 24: Financial Aspects of Marketing

If Jane Westerlund,owner of a picture frame store,raises the average price of a framed picture to $80 and the cost of goods sold is $36,what is the percentage markup on cost?

Correct Answer
verified

Rebecca Gollanek makes and sells wooden cooling racks for cakes,cookies,and bread for $22.50 each.She has invested $4,300 in the venture and made $2,200 in net profit.Calculate her return on investment.

Correct Answer
verified

The __________ is the dollars added to cost of goods sold (COGS) to arrive at the selling price.

Correct Answer
verified

The __________ is the ratio of net income to the investment used to earn that net income.

Correct Answer
verified

Correct Answer
verified

Exam 24: Financial Aspects of Marketing

If Jane Westerlund,owner of a picture frame store,raises the average price of a framed picture to $80 and the cost of goods sold is $36,what is the percentage markup on cost?

Correct AnswerverifiedShow Answer

Rebecca Gollanek makes and sells wooden cooling racks for cakes,cookies,and bread for $22.50 each.She has invested $4,300 in the venture and made $2,200 in net profit.Calculate her return on investment.

Correct AnswerverifiedShow Answer

The __________ is the dollars added to cost of goods sold (COGS) to arrive at the selling price.

Correct AnswerverifiedShow Answer

The __________ is the ratio of net income to the investment used to earn that net income.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified