A fixed-price incentive contract is an effective way to motivate vendors to complete project work ahead of schedule while minimizing costs. This contract type incentivizes the vendor to work efficiently and provides a cost-effective solution for the client.
This type of contract offers the vendor a fixed price for the project, but also includes an incentive fee for completing the work ahead of schedule. The incentive fee is typically a percentage of the cost savings achieved by the vendor for completing the work early. This contract type ensures that the vendor is motivated to complete the work ahead of schedule, as they will receive a bonus payment in addition to the fixed price.
Moreover, a fixed-price incentive contract provides benefits for both parties. For the vendor, there is an opportunity to earn additional revenue, and for the client, there is a guarantee that the project will be completed on time, and within the allocated budget. By minimizing costs, the vendor is encouraged to work efficiently and make use of cost-saving measures, leading to better project outcomes.
For more such questions on contract
https://brainly.com/question/5746834
#SPJ11
michaela works in a country where the government does not set quotas or duties on what its citizens can buy from another country, or what they can produce and sell to another country. in other words, the country where michaela lives practices
Answer: Free Trade
Explanation: I had the same question and got it right
Which factor would credit card companies most likely use to determine a applicant's creditworthiness?
A. Political ideology
B. Number of children
C. Occupation and salary
D. Race and ethnicity
A factor that is used to determine an applicant's creditworthiness is occupation and salary.
What determines an applicant's creditworthiness?An applicant's creditworthiness is the measure of the ability to be able to repay a debt. The creditworthiness is determined by occupation and salary and faithfulness with repaying previous debts. A credit score is usually used to indicate credit worthiness.
To learn more about credit score, please check: https://brainly.com/question/25844483
#SPJ1
Jackson is preparing for his hearing before the Federal Communications Commission (FCC) involving a complaint that was filed against him by the FCC regarding the interruption of radio frequency. The order to "cease and desist" using the radio frequency has had a detrimental impact on his business.
The Federal court, through stare decisis, will look to precedent in ruling on Jackson's case.
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
No, the court will start with a clean slate in reaching a decision regarding Jackson's case.
Answer:
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
Explanation:
The court has scheduled hearing which Jackson has to attend. In this case the court will look into details of the matter and then find out the decision. If there are some difficulties in concluding the case then references will be taken from previous cases whose decisions has been decided.
Answer:
Yes, the court will look to cases that have already been decided in deciding Jackson's case.
Explanation:
I did the assignment in edge 2021.
3. Which of the following is consistent with the basic economic postulate that incentives
matter?
Consumers buy fewer cars when the price of cars rises.
a.
b. Farmers produce less corn when corn prices decline.
C. A politician votes for a subsidy when it is in the best interest of a special interest group
within his district even if it might harm other voters.
d. All of the above.
All of the given option are consistent with the basic economic postulate that incentives matter.So, option (d) is correct answer.
What is economic incentives?Economic incentives are financial perks offered to individuals to change their patterns of consumption and output in an economy. Most often, economic incentives are used to alter people's behavior such that desired results appear naturally.
Economics as a whole is based on the straightforward tenet that shifts in incentives have predictable effects on how people behave. Incentives are influenced by both monetary and non-monetary factors.
People will be less inclined to select something if it becomes more expensive. In turn, consumers will be more inclined to select an alternative as the benefits associated with it grow. This straightforward notion, often known as the basic postulate of economics, is an effective tool because it pertains to practically everything we do. Less people will select an option as it grows more expensive.
So, above postulate is satisfied by all options given to us.
Learn more about incentives here: https://brainly.com/question/20555242
#SPJ1
Your new health insurance has a $4000 deductible. What does that mean?
What is a subcontractor?
O A. A person who owns part of the company and makes executive
decisions.
B. A person who works solely with one company on a constant basis.
O C. A person who does work for another company or person as a part
of a larger job.
OD. A person who manages a company and hires all employees.
SUBMIT
Answer:
c
Explanation:
A subcontractor is a person who does services for another business or individual as a component of a bigger project. Option (C) is hence the appropriate response.
What do you meant by a subcontractor?An individual or, in many situations, a firm who signs a contract to carry out some or all of the requirements of another's contract is known as a subcontractor.
The primary responsibility of a subcontractor is to carry out the work for which they have been appointed by the main contractor. The subcontractor is in charge of carrying out the task according to instructions because it is frequently a specialized operation, like electrical or HVAC.
A subcontractor (or subcontractor) is a business or individual that a general contractor, prime contractor, or main contractor employs to carry out a particular duty as part of a larger project. The subcontractor is often compensated for the services they give to the project. Despite the fact that subcontracting frequently occurs in construction and civil engineering projects, the variety of opportunities for subcontractors is
Learn more about a subcontractor, from :
brainly.com/question/17359777
#SPJ5
The ____________ of a business firm is the system that details lines of authority, responsibility, and position, similar to the structure on organization charts.
Answer: formal organization
Explanation:
In a formal organization setting, there are laid out rules, practices, functions and goals, which are based on the power one possesses in the organization and also on the division of labor.
It is constructed in a way to show the responsibility and position of every person in an organization.
When given one variable value, the value of other variables can be easily estimated. This applies to which type of graph? a. Line c. Scale b. Bar d. Both A and B Please select the best answer from the choices provided A B C D
Answer: A. Line!
Explanation: On Edge!!
a business taxpayer sells inventory for $80,000. the adjusted basis of the property is $58,000 at the time of the sale and the inventory had been held more than one year. the taxpayer has:
A business taxpayer sells inventory for $80,000. the adjusted basis of the property is $58,000 at the time of the sale and the inventory had been held for more than one year. the taxpayer has d. An ordinary gain.
A taxpayer is someone or a company challenged to pay a tax. contemporary taxpayers may also have an identification range, a reference wide variety issued by way of a government to residents or firms. The time period "taxpayer" usually characterizes one that will pay taxes.
A taxpayer is an individual or company that pays taxes yearly on their earnings according to the provisions of the Earnings Tax Act. when you document income tax returns and expose your income, it turns into legal.
Learn more about taxpayers here https://brainly.com/question/28735352
#SPJ4
Which quality of accounting information states that the information is verifiable and is not subject to opinion.
Reliability!
Hope this helps, Good luck! :)
Question 2. Small Town Sweets—audit planning analytics (4%)
Small Town Sweets is based in Molong, NSW, and produces a range of high-quality confectionery for the East Coast market. Small Town Sweets operates in a low-margin environment, which typically means that large volumes are required to cover overhead costs and generate profits. It also means that overheads need to be kept under control to ensure that a net profit is generated from its operations. Debt is also kept to a minimum to ensure that interest costs are low and that there is sufficient margin to protect solvency during downturns.
The company did not reach industry profitability benchmarks in the previous year and budgeted to do better in the current year. It thought that it could do so by keeping its costs down in relation to sales while allowing its gross margin to drop, evidently planning to generate a larger volume of sales. The company also planned to better manage its working capital by reducing inventory and accounts receivable levels, indicating that it expected to produce a healthy cash flow to enable it to do so. As part of the planning process MCA has produced the following analytical information:
Ratio Actual Budgeted Prior Year Industry
Return on equity % 12.9 16.6 14.8 15.5
Return on total assets % 10.7 14.2 13.1 14.5
Gross margin % 8.5 9.0 9.5 9.0
Marketing expense/sales % 2.6 1.8 2.0 2.2
Admin expenses/sales % 1.6 1.6 1.8 2.0
Interest coverage ratio 5.4 8.1 6.4 6.0
Days in inventory 33.1 30.4 31.1 30.0
Days in accounts receivable 50.0 48.0 49.7 45.0
Current ratio 1.3 1.2 1.2 1.5
Quick asset ratio 0.81 0.77 0.77 1.0
Debt to equity ratio 0.51 0.33 0.41 0.40
Required
With reference to ASA 315 and the information above, identify and justify:
the three ratios that would be of most interest in the planning of the audit.
the account balance that is most at risk for each ratio identified in 1.
the assertion most at risk for each account balance identified in 2.
Answer this question using the following headings:
1. Ratio
2. Account balance
3. Assertion
Ratio:
a) Return on equity %
b) Days in inventory
c) Days in accounts receivable
Account balance:
a) Net income
b) Inventory
c) Accounts receivable
Assertion:
a) Existence
b) Valuation
c) Completeness
Justification:
Ratio:
a) Return on equity %: Return on equity is a key profitability ratio that measures the company's ability to generate profits for shareholders. It is of interest to auditors as it provides insight into the effectiveness of the company's management team in generating profits. A lower than expected return on equity could indicate mismanagement or fraudulent activity.
b) Days in inventory: Days in inventory is a ratio that measures the average number of days it takes for inventory to be sold. It is of interest to auditors as it provides insight into the efficiency of the company's inventory management system. A high number of days in inventory could indicate that inventory is not being managed efficiently, leading to potential overstatement of inventory and understatement of cost of sales.
c) Days in accounts receivable: Days in accounts receivable is a ratio that measures the average number of days it takes for customers to pay their bills. It is of interest to auditors as it provides insight into the efficiency of the company's accounts receivable management system. A high number of days in accounts receivable could indicate that the company is not collecting receivables in a timely manner, leading to potential overstatement of accounts receivable and understatement of bad debts.
Account balance:
a) Net income: Net income is the primary measure of a company's profitability. It is at risk if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Inventory: Inventory is a major component of cost of sales and is at risk if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Accounts receivable: Accounts receivable represent amounts owed to the company by customers. They are at risk if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
Assertion:
a) Existence: The existence assertion is at risk for net income if the return on equity ratio is lower than expected, as it may indicate mismanagement or fraudulent activity.
b) Valuation: The valuation assertion is at risk for inventory if the days in inventory ratio is higher than expected, as it may indicate potential overstatement of inventory and understatement of cost of sales.
c) Completeness: The completeness assertion is at risk for accounts receivable if the days in accounts receivable ratio is higher than expected, as it may indicate potential overstatement of accounts receivable and understatement of bad debts.
For more questions like audit visit the link below:
https://brainly.com/question/23459191
#SPJ11
i have to write a presentation on why the government needs to do more to improve public schools. can anyone help with a few reasons?
Governments can support other schools by providing food, shoes for school, after-school tutoring, and encouragement for students to pursue their education and future goals.
What justifies government involvement in education?The system's contradictions would be fixed if the federal government got involved. Every region, district, and legislature could establish its own standards for curriculum development if the states in the United States were in charge of establishing their own educational standards.
Since there are more than 50 different ways to gauge success, it is impossible to draw a precise picture of how the nation's educational system is performing at the national level. A single standard would make it easier for educators, leaders, parents, and students to understand where they stand in relation to others across the nation.
Learn more about governments involvement in education with the help of the given link:
brainly.com/question/20629710
#SPJ1
You leave your $50,000 a year job and invest your savings of $40,000 (on which you were earning 10 percent annual interest) to start your own business: In the first year; your business generated $100,000 in total revenue and had to pay $40,000 in explicit costs. The economic profit generated by this gym was $60,000 $10,000 $6,000 greater than your accounting profit because economic profit is always greater than accounting profit:'
This gym generated an economic profit of $10,000, which is less than the accounting profit of $60,000.
Define accounting profit.In this instance, the total revenue (i.e., the $100,000 in revenue that was generated) would be subtracted from the explicit costs (i.e., the $40,000 in costs that were incurred) to determine the accounting profit. the accounting profit would be $60,000 as a result.
Contrarily, the economic profit accounts for both the explicit and the implicit costs. Implicit costs are the missed opportunities associated with using resources in a specific way, such as the entrepreneur's salary. The $50,000 salary that the business owner forfeited to open the gym would be the implicit cost in this scenario. Therefore, the explicit costs and implicit costs would be subtracted from the total revenue to determine the economic profit. Due to the $50,000 implicit cost minus the $60,000 accounting profit, the economic profit would be $10,000.
Because implicit costs were considered in the economic profit calculation, the correct statement would be: This gym generated an economic profit of $10,000, which is less than the accounting profit of $60,000.
To Know more about Accounting Profit Visit:
brainly.com/question/15699405
#SPJ1
True or False: After calculating how much money you have left after paying for all of your monthly expenses, you can
olan on spending up to 50% of that amount on car expenses
Based on microeconomic theory, it is true that after calculating how much money you have left after paying for all of your monthly expenses, you can
plan on spending up to 50% of that amount on car expenses.
Note that after making a payment on living expenses, such as rent, mortgage, utilities, loans, car payments, and food, the money that remains is discretionary income.
This discretionary income can be used as savings, investment, or spending on your discretionary expenses such as vacations and travel expenses, car expenses.
This is because discretionary expenses are categorized under wants instead of needs.
Thus, given that planning for car expenses is a want, then the statement in the question is True.
Hence, in this case, it is concluded that the correct answer is "True."
Learn more about discretionary income here: https://brainly.com/question/17799664
businesses are required to follow laws and regulations, but they ___ follow ethical standards in a code of ethics
Answer:
businesses are required to follow laws and regulations, but they choose to follow ethical standards in a code of ethics
Answer:
Explanation:
they choose to
Question 20 of 35 View Policies Current Attempt in Progress A company has budgeted direct materials purchases of $270000 in July and $440000 in August. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted: Wages Expense $70000 Purchase of office equipment 64000 Selling and Administrative Expenses 40000 Depreciation Expense 28000 The budgeted cash disbursements for August are O $563000. O $591000. O $389000. O $523000.
To calculate the budgeted cash disbursements for August, we need to consider the direct materials purchases and other expenses:
Direct materials purchases for August: $440,000
70% of direct materials purchases paid in August: 0.7 * $440,000 = $308,000
Other expenses for August: Wages Expense + Purchase of office equipment + Selling and Administrative Expenses + Depreciation Expense
= $70,000 + $64,000 + $40,000 + $28,000
= $202,000
Total budgeted cash disbursements for August: Direct materials payments in August + Other expenses
= $308,000 + $202,000
= $510,000
Therefore, the budgeted cash disbursements for August are $510,000.
Learn more about budgeted cash here:
brainly.com/question/31541270
#SPJ11
during his interview, daniel asked the human resource associate if all marketing decisions were made by upper-level managers or if lower-level managers participated in the process. daniel was inquiring about blank . multiple choice question. horizontal differentiation the mission statement control systems vertical differentiation
By inquiring about the decisions made by the upper and lower level managers, Daniel was inquiring about vertical differentiation.
What is vertical differentiation?When it comes to organization structure, vertical differentiation is used to describe the difference between the decision - making processes in an organization or company. It shows how decision - making powers are divided amongst the different levels of employees in the company i.e. managers v. employees.
In the case of the decisions made by upper and lower level managers, vertical differentiation would show the types of decisions made by these managers. Daniel was asking about the type of decisions that would be taken by upper and lower level managers which means that this is vertical differentiation as it relates to the decisions made by the different levels of management. Vertical differentiation can be a huge factor in the employee turnover rates of a company.
Find out more on upper-level managers at https://brainly.com/question/28461842
#SPJ1
how might mnc’s from north america, europe, and japan respond to these challenges?
MNCs from North America, Europe, and Japan may adapt their business strategies in response to these issues, investing in technology and innovation to better comprehend and deal with issues in the global market.
Depending on their unique situations and goals, MNCs from North America, Europe, and Japan may respond to the issues in various ways. To reduce the risks brought on by changes in the global economy, some MNCs may decide to diversify their business activities and enter new markets. Others may concentrate on increasing company competitiveness by making investments in cutting-edge technology and procedures to boost productivity and cut expenses. MNCs may also take a more adaptive and flexible approach to risk management, regularly assessing and changing their plans as the world economy changes. The best way to address the issues MNCs are encountering will ultimately rely on a number of variables, including the particular issues they are facing, the resources they have access to, and their overall business plan.
learn more about MNCs here:
https://brainly.com/question/29821460
#SPJ4
if the japanese yen appreciates against the u.s. dollar,
Answer:
If the Japanese yen appreciates against the U.S. dollar,
a. Japanese businesses gain by a decrease in the dollar price of exports to the United States.
b. Japanese consumers gain by a decrease in the yen prices of U.S. exports to Japan.
c. Japanese consumers lose by an increase in the yen price of U.S. exports to Japan.
d. U.S. consumers gain by a decrease in the dollar price of Japanese exports to the United States.
If the Japanese Yen appreciates against the United States dollar, Japanese consumers gain by a decrease in the dollar price of exports to the United States of America.
What is United States of America?United States of America is a country consists of 50 united states on the north America continent in the western hemisphere.
Currency appreciation is the increase in the value or worth of a currency in relation to the another currency. There are several reasons for the appreciation of the currencies and these include the interest rates, government policy, business cycles and trade balances. The value of a currency changes based on its supply and the demand in the forex market. These fluctuation in values makes firms and traders increase or decrease their financial assets and profit off them.
An appreciation results in cheaper exports and expensive imports. If the Japanese yen appreciates, it means lesser the amount would be needed to purchase a dollar thereby resulting in Japanese businesses gaining a reduction in the price of exports to the United States of America.
Learn more about United states of America here:
https://brainly.com/question/7435590
#SPJ2
. In one to two sentences, explain how the money for a negative tax for low-income earners could be redistributed from high-income earners.
A negative tax for low-income earners could be funded by redistributing money from high-income earners through a progressive tax system.
The money for a negative tax for low-income earners could be redistributed from high-income earners through a progressive tax system where individuals with higher incomes pay a higher percentage of their income in taxes, which can be used to fund programs like the negative income tax. This approach aims to reduce income inequality by providing support to low-income earners while ensuring that those with higher incomes contribute proportionally more to society's overall financial needs.
To know more about income, here
brainly.com/question/14732695
#SPJ1
Which of the following is the first step of the borrowing process?
O Applying for a loan
O Determining the amount to borrow
O Processing the loan
O Selecting the right loan program
Ronda’s cake store earned $3,750 in total revenue last month when it sold 125 cakes. This month it earned $3,600 in total revenue when it sold 90 cakes. The price elasticity of demand for ronda’s cake store is.
The price elasticity of demand for Ronda’s cake store is 0.125.
What is the price elasticity of demand?The price elasticity of demand measures the responsiveness of the quantity demanded by a consumer with respect to a specific change in price of the product, all things being equal (ceteris paribus).
Mathematically, the price elasticity of demand can be calculated by using this formula;
Price elasticity of demand = (Q₂ - Q₁)/[(Q₂ + Q₁)/2]/(P₂ - P₁)/[(P₂ + P₁)/2]
Substituting the given parameters into the formula, we have;
Price elasticity of demand = (3750 - 3600)/[(3750 + 3600)/2]/(125 - 90)/[(125 + 90)/2]
Price elasticity of demand = (150)/[(7350)/2]/(35)/[(215)/2]
Price elasticity of demand = [(150/3675)/(35/107.5)]
Price elasticity of demand = 0.0408/0.3256
Price elasticity of demand = 0.125.
Read more on price elasticity here: https://brainly.com/question/24384825
#SPJ1
Suppose a worker made 4.25/ hour in 1993. How much is this worth today if the CPI in 1993 was 132 and today it is 237?
____________ testing is the determination of whether a product is being built correctly.
Conformance testing is the determination of whether a product is being built correctly.
Conformance testing is a quality assurance process used to verify that a product or system meets the specified requirements and standards. It involves assessing whether the product conforms to the predetermined specifications, design guidelines, and functional requirements.
During conformance testing, various tests and evaluations are conducted to ensure that the product is being built correctly according to the defined criteria. This can include functional testing, performance testing, compatibility testing, security testing, and other forms of testing specific to the product or industry.
The primary objective of conformance testing is to validate that the product meets the desired standards and performs as expected.
Learn more about testing here:
https://brainly.com/question/27903805
#SPJ11
Which of the following best identifies the incidence of the individual income tax?
workers
corporation
wages
frequency
The incidence of the individual income tax is best identified as a tax on workers' income. The tax is based on the income earned by individuals who work, not on corporations or how often income is earned. Thus, option A is correct.
The individual income tax is a progressive tax, meaning that the tax rate increases as an individual's income increases. This is intended to make the tax system more fair and ensure that those who earn higher incomes contribute a greater share of their earnings in taxes.
The individual income tax is a major source of revenue for many governments around the world, including the United States. The tax revenue generated from the individual income tax is used to fund various government programs and services, including education, healthcare, and infrastructure.
In summary, the incidence of the individual income tax is best identified as a tax on workers' income. This tax is intended to be progressive and ensure that those who earn higher incomes contribute a greater share of their earnings in taxes.
The revenue generated from the individual income tax is used to fund various government programs and services. Thus, option A is correct.
To know more about income tax refer here:
https://brainly.com/question/31746185#
#SPJ11
The purpose of "tell me" is all of the following except:
demonstrate the "how"
introduce something new
explain the "why"
set clear expectations
The purpose of "tell me" is to demonstrate the "how", introduce something new, explain the "why", and set clear expectations, but that's all. Because "tell me" is used when asking a question. And answer the "why" question.
The demo comes from the Latin "to prove", meaning "to show by argument or reasoning." To substantiate your point, you need to make a valid claim and provide an example of why you think it is true. A protest can also mean a public demonstration.
The demonstration is defined as demonstrating something by one's own example. An example of a demo is to show someone how to cook a meal. The demonstration is something that is made clear by reasoning, something that is done in action to clarify a situation. A show, on the other hand, means making the other person see something without explicit action.
Learn more about demonstration here:
https://brainly.com/question/15103686
#SPJ4
A new business owner is concerned about the risk to their personal assets. which organizational structure should they consider for the business? corporation or limited liability corporation limited liability corporation or partnership partnership or corporation sole proprietorship or partnership
The best organizational structure for a new business owner who is concerned about the personal risk to their assets is a Limited Liability Corporation (LLC).
An LLC provides personal liability protection, meaning that if the business fails, the owner's personal assets are protected from creditors. An LLC also allows for pass-through taxation, meaning that the business's profits and losses are "passed-through" to the owners and taxed on the owners' personal income tax returns. This eliminates the need for double taxation, which is common for corporations.
An LLC provides business owners with more flexibility than a corporation. Business owners can determine their own rules for the LLC and are not required to comply with the same corporate formalities as corporations.
For more questions like Limited Liability Corporation click the link below:
https://brainly.com/question/1611207
#SPJ4
Answer:
(A) Corporation or limited liability corporation
(I also took the test and got it right.)
Explanation:
A limited liability corporation helps to protect your personal assets because it prevents creditors from going after your personally owned assets protected by LLC executives. However, there is an exception for the general business assets.
In regards to corporations, the owner of the said corporation has protection for personal assets as well.
Tax Structure 1
Family
A
B
C
Income
$10,000
$50,000
$100,000
Tax amount
2,000
2,000
2,000
% of income paid as
tax
[a]
[b]
[C]
The percentage of income paid as tax for A is 20%.
The percentage of income paid as tax for B is 4%.
The percentage of income paid as tax for C is 2%.
What is tax?A tax is a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national).
The percentage of income paid as tax for A is:
= 2000/10000 × 100
= 20%.
The percentage of income paid as tax for B is 4%.
The percentage of income paid as tax for C is 2%.
Learn more about tax on:
https://brainly.com/question/25783927
#SPJ1
Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
Your typical markup for merchandise is 36%. Your cost on an item is $11.00. Calculate the selling price.
Answer: 14.96 I took the test
Explanation:
The tagged price or list price refers to the price listed on a product's label. This is the cost at which the product will be offered for sale. Hence Marked Price $ 14.36 .
What is Marked Price ?The product may actually sell for less than the advertised price due to discounts that may be applied to this pricing.
The sum of all the expenses incurred during the manufacturing of a good or service is known as the cost price. It is the cost at which the merchant or retailer purchased the good. The price that a producer or seller sets for their goods is referred to as the marked price.
Especially in circumstances where products are being sold or bought. To sell the item at a specific cost, the selling price is used., which can be determined by applying the selling price formula.
The selling price is the price the customer pays to purchase the good. The cost a buyer incurs to purchase a good or service is the real selling price. This pricing includes a profit margin and is higher than the cost of the items.
Learn more about Marked Price here
https://brainly.com/question/14592523
#SPJ2