3. Premier Tire sells three categories of tires: good, better, and best. The good tires cost $106, the better tires cost S156, and the best tires cost S190. The good tires sell 3 times as fast as the best tires and the better tires sell 2.5 times as fast as the best tires. If the total amount of tire sales in January was S233.480, how many of each category of tire was sold? (Round your answer to the nearest whole number.) No. of tires sold Good tires Better tires Best tires
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- The following information relates to a company selling 25000 pairs of shoes for a year; sellingprice per unit- GH¢40, purchase cost per unit- GH¢25, fixed cost is made up of salariesGH¢100000, advertising- GH¢40000 and other fixed cost- GH¢100000. If a selling commissionof GH¢2 per pair was introduced, how many pairs should be sold to earn an after-tax profit ofGH¢12000 assuming a tax rate of 40%? A. 30000units B. 20000units C. 15000units D. 25000units Consider the information below for a company whose products goes through two processes;material cost of GH¢100000 for a quantity of 10000kg, labour cost- GH¢50000 and overheadcost as twice the cost of labour. The company expected an output of 9500kg from process 1 buteventually obtained 9400kg. The actual output of 9400kg shows that A. There is an abnormal gain of 100kg B. There is an abnormal loss of GH¢2632 C. Cannot determine without further details D. A normal losssuppose you sell 8,000 of the 3 pack lenses described in question 3 above in one year. You cost on each 3 pack is $29.95 and you sell them for $59.95. if your operating expenses for the year total $144.080, what are your Net Income and Net profif margin percentage?Randy's tireland makes a product that sells for $71 per unit and has $43 per unit in variable costs. Annual fixed costs are $24,000. If Rambles sells 10 units less that breakeven, how much loss would the company recognize on its income statement? (As the question asks "how much loss" you don't have to put the negative sign. For example, suppose the loss is 100, then write the answer as 100 rather than -100.) Round to two decimal places.
- What would be the net profit of JMT Marketing after selling 100 pairs of KD 12 shoes. Each shoes costing ₱7,000 and the markup rate is 30%. But of the 100 pairs, only 80 pairs were sold with 30% markup rate. The rest were sold with a markdown rate of 20% based on the selling price.Two of the lawn mowers sold by Garden Products Co. arethe LawnMaster and the Mark 5. LawnMasters sell for $250apiece, which results in a 35 percent gross profit margin.Each Mark 5 costs Garden Products $300 and sells for $400.Indicate all correct answers.a. The dollar amount of gross profi t is greater on the saleof a Mark 5 than a LawnMaster.b. The gross profi t margin is higher on Mark 5s than onLawnMasters.c. Garden profi ts relatively more by selling one Mark 5than by selling one LawnMaster.d. Garden profi ts more by selling $2,000 worth of Mark 5sthan $2,000 worth of LawnMasters.Give what is being asked?1. If total cost and Expenses is P300,000 at breakeven point how much is the total sales?2. The unit selling price of a product is P20, if the total sales for the month is 5,000 units and this is the breakeven point sales volume.Answer question A-C with yes or no.a. Will there be an income in case 6,000 units were sold?b. Will be there be an income in case 4,000 units were sold?.c. If additional units were sold after selling 5,000 units will there be an income?d. How much is the total cost and expenses if 5,000 units were sold?
- Lindon Company is the exclusive distributor for an automotive product that sells for $56.00 per unit and has a CM ratio of 30%. The company’s fixed expenses are $411,600 per year. The company plans to sell 29,300 units this year. Required: 1. What are the variable expenses per unit? (Round your "per unit" answer to 2 decimal places.) 2. What is the break-even point in unit sales and in dollar sales? 3. What amount of unit sales and dollar sales is required to attain a target profit of $243,600 per year? 4. Assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $5.60 per unit. What is the company’s new break-even point in unit sales and in dollar sales? What dollar sales is required to attain a target profit of $243,600?Randy's tireland makes a product that sells for $71 per unit and has $53 per unit in variable costs. Annual fixed costs are $24,000. If Rambles sells 10 units less that breakeven, how much loss would the company recognize on its income statement? (As the question asks "how much loss" you don't have to put the negative sign. For example, suppose the loss is 100, then write the answer as 100 rather than -100.)4. If the price of the material is RO 15 per unit and the annual consumption is 4000 units, the interest and store keeping charges are 20% of the value and the cost of placing of an order and receiving the goods is RO 60, how much material should be ordered at one time? 5. Alexander pump LLC uses about 75000 valves per year and the usage is fairly constant at 6250 units per month. The valve cost of RO 1.50 per unit when bought in large quantities, and the carrying cost is estimated to be 20% of average inventory investment on an annual basis. The cost to place an order and process the delivery is RO18. It takes 45 days to receive delivery from the date of an order and a safety stock of 3250 vales is desired. You are required to determine. a. The most economical order quantity and frequency of orders. b. The most economical order quantity if the valves cost is RO 4.50 each instead of RO 1.50 each
- Athletics sells bicycles for $350 less 15% during the spring sale. city cycle sells their bicycles for 325 less 7%. What additional rate is needed for the two companies to match in price given they want to sell at the lower cost? *Bernard Tires sells tires to car dealerships for an average of $30 each. The variable cost of each tire is $20, and monthly fixed manufacturing costs total $10,000. Other monthly fixed costs of the company total $8,000. Assuming sales total $60,000, what is the margin of safety?Shinn Co. sells custom markers for $3.00 apiece. The variable cost per marker is $0.83. Shinn has fixed operating costs of $1,800 and fixed financing (interest) costs of $500. On average, Shinn sells 10,000 units. What is Shinn's degree of operating leverage (DOL)? A. 325% B. 300% C. 109% D. 223%