16. Pocket Price: calculate the pocket price for the following product. Suggested Retail Trade Margin $9.99 33% Rebates 5% Promotion Allowance 2% Quantity Discount Geography Discount Truckload Allowance 5% 2% 2% Pickup Allowance 1% Sales Rep Incentive 5% Cost of Goods 30%
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- 12.Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item Cost Amount ofMarkup (in $) Selling Price PercentMarkupBased onSelling Price Textbook $31.11 $ $53.50 %1.Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item Cost Amount ofMarkup Selling price Percent MarkupBased on Cost Hat $24.75 $30.00 $ % 2.A customer just paid $63.21 for a raincoat. If the percent markup based on cost is 47%, what was the cost (in $)?$ 3.Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item PercentMarkupBased onCost PercentMarkupBased onSelling Price Flashlight % 55% 4.Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item PercentMarkupBased onCost PercentMarkupBased onSelling Price Drill % 42%J Gross Sales Sales Return & Allowances Sales Discounts Cost of Merchandise Sold 33,000 O $87,000 O $46,000 100,000 Given the above values, determine Net Sales. O $67,000 10,000 O $54,000 3,000 Need help? Review these concept resources.
- Supply and demand curves for a consumer item are give by q = (s(p)=500 + p and q = D(p)=2300-2p respectively p is the price in dollars for one unit of this item and q is the umber of units. The equilibrium price is ' =$600 A sales tax of 3.2% to be directed at the consumers, is under consideration. Determine the amout of money per item that supplies stand to lose due to this tax which is directed at consumers.find the net price for an order of tires with a list price of $17,000 less trade discounts of 30/25/10 use the net price complement methodWhich item has a smaller net cost:Item A: 20/20 series discount for a list price of $600Item B: 10/10/5 series discount for a list price of $550 a. Item A b.Both items have the same net cost c.Item B d.Non of the choices
- Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item Cost (in $) Amount ofMarkup (in $) Selling Price PercentMarkupBased onSelling Price Bicycle $ _____ $ _____ $188.50 60%Give typing answer with explanation and conclusion Item is canyon scanner sales prices $85 markup percent is 25%, what is the dollar markup and cost?If the demand equation is Q = 100-10P. find the consumer’s surplus when the consumer purchases 18 units. What is the revenue of the seller?
- Assume in each case that the selling expenses are $9 per unit and that the normal profit is $6 per unit. Calculate the limits for each case. Then enter the amount that should be used for lower of cost or market. Selling Price Upper Limit Replacement Cost Lower Limit Cost LCM (a) $63 $ $44 $ $53 $ (b) 52 35 39 (c) 59 44 45 (d) 54 38 36When prices are rising (inflation), which costing method would produce the highest value for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)8. The Holiday Card Company, a producer of specialty cards, has asked you to complete several calculations based upon the following information: Income tax rate 30% Selling price per unit $6.60 Variable cost per unit $5.28 Total fixed costs $46,200.00 Required: a. What is the breakeven point in cards? b. What sales volume is needed to earn an after-tax net income of $13,028.40? c. How many cards must be sold to earn an after-tax net income of $18,480?