(2). As the summer approaches Mr. Busaidi is in search of good quality refrigerator to be replaced in his house. With an intention to buy a refrigerator he went to Lulu hypermarket. There he found three different companies refrigerator at different prices. They were as follows : Item Net Trade Discount Price Amount Toshiba refrigerator 259.99 OMR OMR 18 Geepas refrigerator 189.99 OMR OMR 25 Whirpool refrigerator 226.50 OMR OMR 20 By seeing the prices and discount amount Mr.Busaidi was confused to buy which refrigerator. You are required to help him in choosing the JESt iefrigerator in terms of less price. (a) Determine the discount rate applied for Toshiba refrigerator. (b) Determine the discount rate applied for Geepas refrigerator. (c) Determine the discount rate applied for Whirpool refrigerator.
Q: Kowkeela has recently opened The Cooker Shop, a store that specializes in one type of cooker.…
A: Note: Since in the question it is not given that during the first year, the store sold how many…
Q: MARKETING: Kroger, the country's leading grocery-only chain, added a line of private label…
A: Break even point in units means the sale of units where there is no profit or loss or the point…
Q: During Ramadhan, Miss Lenny sells varieties of Malay’s traditional food for iftar. She cooks curry…
A: The cost of the product means the total of all of the expenses that are incurred in the production…
Q: Joe is the new product manager at a chain of take-away food stores. He is planning to introduce a…
A: Gross profit is computed by deducting Cost of Goods Sold from Sales. Net profit = Gross profit -…
Q: Miss Zamzam Al Bulushi, an professional consultant has recently bought the new office. She went to…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: A. Amber, owner of Amber's Flowers and Gifts, produces gift baskets for various special occasions.…
A: Answer 1)
Q: obert, a new client of yours, is a self-employed caterer in Santa Fe, New Mexico. Robert drives his…
A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If…
Q: Your answer is partially correct. After visiting with Andrea, Brad received a fax from one of…
A: Sales Price for special order = Normal sales price + premium = 0.50 + 0.50*10% = $0.55 per unit
Q: Living Corner sells home wares and various otherreading-related products. One of the store's most…
A: Budgeting is very important technique of management analysis. In budgeting, forecasts are made for…
Q: b. If the expected sales for chocolates are 11,275 cases for year 4, use the multiplicative…
A: Since you have answered the part a and as per your requirement answer is only for part B Forecasting…
Q: José Ruiz starts a company that makes handcrafted birdhouses. Competitors sell a similar birdhouse…
A: Planned Selling Price = Total Cost + (Total Cost X Markup)
Q: Susan is looking for the best deal on a king-size mattress that has a wholesale price of $439. Help…
A: A) Profit markup given by distributor = Wholesale price × Profit markup=$439 ×50%=$219.50 Amount…
Q: Tim is looking at buying business cards from two different companies. Company A, charges $50 for the…
A:
Q: Calculate the contribution margin per case of each type of drink.
A: Contribution Margin per unit = Sales price per unit - Variable cost per unit
Q: You are the purchasing officer of a fast-food restaurant that is selling hamburger in the city of…
A:
Q: Susan plans on selling her mugs. She has created two scenarios and wants to know which will provide…
A: When we have to option and we need to decide when these option get same result , then we need to…
Q: Kroger, the country’s leading grocery-only chain, added a line of private-label organic and natural…
A: The selling price is the price at which a seller sells his offering to the customers. The selling…
Q: Forrest and Dan make boxes of chocolates for which thedemand is uncertain. Forrest says, “That’s…
A: a)
Q: Complete your calculations by filling in the highlighted cells. Discuss the results and comment on…
A: Lets understand the basics. When calculation is needed for whether special order should be taken or…
Q: Kate is very pleased with the results of the first year of year on a high note, with the company's…
A: Financial Statement: A financial statement is the complete record of financial transactions that…
Q: The I-75 Carpet Discount Store in North Georgia stocks carpet in its warehouse and sells it through…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: The Beach Cooler is a take-out food store at a popular beach resort. Susan Sexton, owner of the…
A: Cost accounting is widely used by the cost accountant and management to determine cost per unit of…
Q: Sadie May has decided to start a business where she will sell a single line of high heel shoes.…
A: Breakeven Point: The breakeven point is the level of creation at which the costs of creation are…
Q: Bill is planning to sell either coffee or lemonade at a corner stand during his upcoming Easter…
A: Profit means the difference between the selling price and cost price.
Q: 7. Sonia is planning to start a new designer cloth shop. Her problem is to decide how large her shop…
A: Decision-making criteria has many approaches known as: 1. Pessimist criteria or the maximin criteria…
Q: The following is an excerpt from a conversation between Mark Loomis and Krista Huff. Mark is…
A: Determine the company that offers the best buy.
Q: Cool Beans is a locally owned coffee shop that competes with two large coffee chains, PlanetEuro and…
A: In economics, total cost is the sum of all expenses spent by a corporation in generating a specific…
Q: In response to complaints about high prices, a grocery chain runs the following advertising…
A: Child’s profit margin = Net income / Sales Store’s profit margin = Net income / Sales ROE = Net…
Q: The General Store at State University is an auxiliary bookstore located near the dormitories that…
A: Given information: Fixed cost amounted to $27,000 Variable cost per unit is $3.75 Selling price per…
Q: Kroger, the country’s leading grocery-only chain, added a line of private-label organic and natural…
A: Lets understand the basics. Break even point is a point at which no profit no loss condition arise.…
Q: Cathy Gwynn for a class project is analyzing a "Quick Shop" grocery store. The store emphasizes…
A: Given values: Cost of Groceries sold averages 70 % of sales. Clerk's wage and other operating cost…
Q: Mastura has a small frozen food business. She prepares semi-cooked, frozen foods like popiah, samosa…
A: There four new products and expected sales revenue is provided with probability factor Need to…
Q: Suppose you are the buyer for the housewares department of a department store. A number of vendors…
A: Net price = Price ×(1-discount rate)
Q: Charlotte sells widgets which cost $50 each to purchase and prepare for sale. Annual sales are…
A: Economic order quantity can be defined as that level of order of for a raw material where carrying…
Q: Foodsburry is a business that specializes in selling and supplying chocolate cakes. This Business is…
A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…
Q: Maria Lorenzi owns an ice cream stand that she operates during the summer months in West…
A: solution given Sales during first week 2460 cones Price per cone during first week $5.80…
Q: 22. What is their Cash Conversion Cycle if their Operating Cycle is 135 days? A. 104 days B. 105…
A: Cash conversion cycle is the total time period taken a business entity to convert its inventories…
Q: 1. Compute the change in income for Ehrling, Inc., if the order is accepted. $ 2. Does the order…
A: Tactical decision making: Tactical decision making is a process in which the company can choose the…
Q: You and a friend decide to start a small business manufacturing clothing items. You rent a small…
A: Solution:- There are two types of cost associated with a product: a) Fixed cost b) Variable cost…
Q: You own Souvenir Gallore, a souvenir shop on Lane Avenue. You would like to do an ABC analysis based…
A: The annual usage of watches is $9,500. Watches belongs to C Category.
Q: a business woman is planning to have a restaurant in the university belt she wants to study the…
A: Since you have posted a question with multiple subparts, we will solve first three subparts for you.…
Q: MARKETING: Kroger, the country's leading grocery-only chain, added a line of private label…
A: The provided information has been summarised as below
Q: In each of the following pairing, indicate which firm would probably have a longer credit period and…
A: 1) Firm B selling toupees will have a long credit period. Firm A selling a miracle cure for baldness…
Q: Cool Beans is a locally owned coffeeshop that competes with two large coffee chains, Planet Euro and…
A: Cost estimate seems to be important for every project or program in order to accomplish the project…
Step by step
Solved in 5 steps
- Suppose you are the buyer for the housewares department of a department store. A number of vendors in your area carry similar lines of merchandise. On sets of microwavable serving bowls, Brand A offers a list price of $400 per dozen less a 35% trade discount. Brand B offers a similar set for a list price of $425 less a 42% trade discount. (a) Which vendor is offering the lower net price? Brand A Brand B (b) If you order 500 dozen sets of the bowls, how much money (in $) will be saved by using the lower-priced vendor?Complete your calculations by filling in the highlighted cells. Discuss the results and comment on if you think the cookie business should take on this special order of cookies for a wedding. Business has been slow the last few months, and the offer is less than the usual selling price for the cookies.As part of your discussion, include both quantitative (based on the numbers) and qualitative (not based on numbers) factors that would go into the decision to take on the special order. Cookie Business Number of cookies needed 1,000 Discounted price per cookie $ 2.75 Normal price per cookie $ 3.75 Cost of special printed design per cookie $ 0.50 Cost of tool needed to make the design $ 100.00 Revenue for special order Costs for special order: Design cost Tool cost Total Variable Manufacturing Cost Net profitYour firm sells home appliances at retail. When ordering washingmachines from the manufacturer, you notice the following terms listed inthe catalog:♦ List price, $400♦ Trade discounts of 25/15/5 If you take advantage of all trade discounts, find the net price you will payfor the washing machine.
- For a Spring Sale event, a buyer plans to purchase 250 floral print dresses to retail for $79.99 each. A 56% markup is needed on the total purchase. From one of the buyer’s best resources, 110 dresses were purchased that cost $37.50 each. The buyer knows, however, that the costs will have to be averaged on the balance of other purchases from alternate resources in order to achieve a 56% markup on the entire group. a. What must be the average cost per dress on the balance of the purchases if the buyer is to attain the planned markup percentage? b. What markup percentage did the buyer attain on the first purchase of 110 dresses? c. What markup percentage did the buyer have to get on the balance of the purchases to realize the overall needed markup? Please show all work! There are two other versions of the problem posted that are both done wrong. Please help!!The I-75 Carpet Discount Store in North Georgia stocks carpet in its warehouse and sells it through an adjoining showroom. The store keeps several brands and styles of carpet in stock; however, its biggest seller is Super Shag carpet. The store wants to determine the optimal order size and total inventory cost for this brand of carpet given an estimated annual demand of 10,000 yards of carpet, an annual carrying cost of $0.75 per yard, and an ordering cost of $150. The store would also like to know the number of orders that will be made annually and the time between orders (i.e., the order cycle) given that the store is open every day except Sunday, Thanksgiving Day, and Christmas Day (which is not on a Sunday) (311 days/yr). Determine the following: A. Determine the optimal order quantity. B. Determine the number of orders per year.C. Determine the time between orders.D. Determine the annual set-up cost.E. Determine the annual holding cost.F. What is the total inventory cost of the Q*…RunningWithTheDevil.com created a web site to market running shoes and other running apparel. Management would like a special pop-up offer to appear for female web-site visitors and a different special pop-up offer to appear for male web-site visitors. From a sample of past web-site visitors, RunningWithTheDevil’s management learns that 60% of the visitors are male and 40% are female. What is the probability that a current visitor to the web site is female? Suppose that 30% of RunningWithTheDevil’s female visitors previously visited LetsRun.com and 10% of male customers previously visited LetsRun.com. If the current visitor to RunningWithTheDevil’s web site previously visited LetsRun.com, what is the revised probability that the current visitor is female? Should the RunningWithTheDevil’s web site display the special offer that appeals to female visitors or the special offer that appeals to male visitors?
- Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and to give two to three classes per week.The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Kzinski that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination). Assume that Natalie has decided to use a periodic inventory system and now must choose a cost flow assumption for her mixer inventory.Inventory as on January 31, 2019 represents three deluxe mixer purchased at a unit cost of $595.The following transactions occur in February to May 2019. Feb. 2 Natalie buys two deluxe mixers on account from Kzinski Supply Co. for $1,200 ($600 each), FOB destination, terms n/30. 16 She sells one deluxe mixer for $1,150 cash. 25 She pays the amount owed to Kzinski. Mar. 2 She buys one deluxe…In response to complaints about high prices, a grocery chain runs the following advertising campaign: “If you pay your child $1 to go buy $32 worth of groceries, then your child makes about twice as much on the trip as we do.” You’ve collected the following information from the grocery chain’s financial statements: (millions) Sales $ 764.00 Net income 11.95 Total assets 345.00 Total debt 155.00 a. What is the child’s profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the store’s profit margin? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the store's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and to give two to three classes per week.The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Wildhorse that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination from the supplier to Natalie.) Assume that Natalie has now decided to use a periodic inventory system and now must choose a cost flow assumption for her mixer inventory.Inventory as on January 31, 2023 represents three mixer purchased at a unit cost of $776.The following transactions occur in February to May 2023. Feb. 2 Natalie buys two mixers on account from Wildhorse Supply Co. for $1,560 ($780 each), FOB destination, terms n/30. 16 She sells one mixer for $1,495 cash. 25 She pays the amount owed to Wildhorse. Mar.…
- Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and to give two to three classes per week.The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Wildhorse that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination from the supplier to Natalie.) Assume that Natalie has now decided to use a periodic inventory system and now must choose a cost flow assumption for her mixer inventory.Inventory as on January 31, 2023 represents three mixer purchased at a unit cost of $776.The following transactions occur in February to May 2023. Feb. 2 Natalie buys two mixers on account from Wildhorse Supply Co. for $1,560 ($780 each), FOB destination, terms n/30. 16 She sells one mixer for $1,495 cash. 25 She pays the amount owed to Wildhorse. Mar.…You are the purchasing officer of a fast-food restaurant that is selling hamburger in the city of Muscat. The fast food chain business operates 25 stores strategically located in the region. Due to the decline in demand caused by the epidemic, the company is proposing measures to cut cost. The manager asked you to look for cheaper source of raw materials (bread). The company always avail of trade and cash discount. You decided to call the suppliers and gathered the following data; Supplier A (Lulu Supermarket) – The supplier offers 15% trade discount. Supplier B (Carrefour Market) – The supplier offers chain discounts of 10/5/2. Supplier C (Danube Supermarket) – The supplier offers no trade discount but cash discount of 5/10, n/30. Supplier D (Panda Supermarket) – The supplier offers trade discount of 10%, the terms of payment are 2/10, n/30. If the company decides to buy OMR 1,500 worth of bread from Supplier A (Lulu Supermarket), what is the amount of trade discount? What…You are the purchasing officer of a fast-food restaurant that is selling hamburger in the city of Muscat. The fast food chain business operates 25 stores strategically located in the region. Due to the decline in demand caused by the epidemic, the company is proposing measures to cut cost. The manager asked you to look for cheaper source of raw materials (bread). The company always avail of trade and cash discount. You decided to call the suppliers and gathered the following data; Supplier A (Lulu Supermarket) – The supplier offers 15% trade discount. Supplier B (Carrefour Market) – The supplier offers chain discounts of 10/5/2. Supplier C (Danube Supermarket) – The supplier offers no trade discount but cash discount of 5/10, n/30. Supplier D (Panda Supermarket) – The supplier offers trade discount of 10%, the terms of payment are 2/10, n/30. If the company decides to buy OMR 1,500 worth of bread from Supplier D (Panda Supermarket), what is…