a retailer wants to add a line of bike carriers to his sports department and plans to sell one model at $39.99. If he can buy a good product for $32.50 less 20%, will he be able to get his usual markup of 42% on the selling price and sell the carrier at the price he set?
Q: A professional in designing sportswear and is considering expanding its sales by employing a…
A: Break even point means a point where firm is neither earning profit nor incurring any loss. For…
Q: A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $330 per pair…
A: The contribution margin is calculated as difference between sales and variable costs.
Q: What is the pricing equation and how is it used? If the product list price is $1000 and the retailer…
A: The pricing decision is one of the important decisions for the business, for this decision all…
Q: A manufacturer of sunglasses has a fixed cost of $50,000. This manufacturer expects to sell 5,000…
A: The cost can be classified into two categories i.e fixed cost and variable cost. The FIxed cost…
Q: The company sells bikes for $700. The company currently sells 8,500, but has the capacity to…
A: Cost: The amount paid to purchase the asset, install it, and put it into operations, is referred to…
Q: If Ahmad sells Satay Johor at 40 cents per stick, how many sticks are needed to be sold per day in…
A: Company or any business owners wants to know about how many units must be sold during the period or…
Q: Nik is a company that manufactures running shoes. It has a fixed cost of $300,000.00. Additionally,…
A: Dear Student as per Bartleby guideline we can answer only three sub-parts in a question has more…
Q: Right Fit Jeans Co. sells blue jeans wholesale to major retailers across the country. Each pair of…
A: Note: As per our guidelines, only the first three subparts will be answered. 1. Contribution =…
Q: Harold, the owner of Sweet Tunes Music, purchased acoustic guitars for $90 each and has marked them…
A: a. Cost price = Purchase Price + Overhead expenses Purchase Price=$90 each Overhead expenses=9% of…
Q: Homeward Hardware buys cat iter for $6 less 20% per bag The store's overhead is 45% of cost and the…
A: Note: As per the policy we are supposed to solve three sub-parts at a time. Kindly repost the…
Q: Assume I sell each pair of socks for $78 and they cost $23 to produce. I also have costs to run my…
A: As per our guidelines we are supposed to answer only one question (if there are multiple questions…
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: A buyer plans to sell a certain group of shirts in his store for $24 each. He needs to achieve a 45%…
A: The cost of shirt can be calculated as the difference of selling price and the markup amount.
Q: In Washburn’s factory, what is the break-even point for the new line of guitars if the retail price…
A: Answer: (a) Break-even point = $349 BEP quantity = Fixed cost /( Unit price - Unit variable cost)…
Q: What is the cost of a shirt sold at P150 if the markup rate is 35% of the selling price? 3. What is…
A: Markup is the selling price of a product less its cost. It can be on the basis of cost or on the…
Q: A Company wants to introduce new mobile phone into the market. The estimated price of each mobile…
A: When a new product is being introduced into a market, there are several aspects that should be…
Q: A watch store owner decided to offer 20% discount for a particular brand of watch that sells at…
A: Given: The owner sells one watch for P35,000.00 The owner buy one watch for P22,000.00 He is giving…
Q: Determine the differential income or loss per pair of boots from selling to the organization. $…
A: Given is: Normal selling price = $30 per pair Offered selling price = $22 per pair
Q: Kyle, a local entrepreneur, is planning to sell 10 liter bottled water in his sari- sari store. A…
A: Introduction:- The following basic information as follows under:- A local water purifying business…
Q: Adorable Face is considering a new line of lipstick products. They would like to know if it will pay…
A: in accounting, profit = sales - fixed cost - variable cost sales = quantity x price variable cost =…
Q: A major retailer of appliances does some market research and finds that when the price of a type of…
A:
Q: A dress manufacturer, Prissy Candy, has fallen on hard times and wants to break-even with it's most…
A: Break even = Fixed cost / Contribution per unit Contribution per unit = Selling price - Variable…
Q: A clothing company has determined that if the price of a T-shirt is K40, then 150 will be demanded…
A: When Price (P) = 40, Demand (Q) = 150 When Price (P) = 45, Demand (Q) = 100 Let the price demand…
Q: Elise and her friend Eloi developed an online car repair training course and sell it for $67.50 per…
A: Break even point means a point where firm is neither earning profit nor incurring any loss. For…
Q: Radar Company sells bikes for $530 each. The company currently sells 4,000 bikes per year and could…
A: The income statement represents the net income or net loss that is calculated by deducting the…
Q: The Caplow Company, a chair manufacturing shop decides to use target profit pricing to establish a…
A: Target profit pricing is the setting up of a target price which can be computed by estimating the…
Q: A jeans maker is designing a new line of jeans. These jeans will sell for $410 per unit and cost…
A: Income is the amount of money earned. It can be done either by selling the goods or providing the…
Q: Kim works at a sports store and needs to determine the selling price for running shoes. The running…
A: Lets understand the basics. There is slight gap between the term gross margin and mark up. Gross…
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: Sears is having a 33% off sale. If a lawn mower has a tag price of $650, how much is the new lower…
A: Tag price = $650 Discount rate = 33%
Q: 1. If the company want to achieve target net income $800,000 and the tax rate is 30%, calculate how…
A: We know that under marginal costing Profit = Sales Revenue - Total Variable cost - Total Fixed…
Q: The owners of Tiki Tiki Land have been looking for ways to improve sales at the store. One of the…
A: Sales 1000000 Variable Cost -700000 Contribution Margin 300000 Fixed Cost -120000 Profit…
Q: José Ruiz wants to start a company that makes snowboards. Competitors sell a similar snowboard for…
A: The product should be priced where the company earn a profit. To earn profit sales price should be…
Q: Burke's Corner currently sells blue jeans and T-shirts. Management is considering adding fleece tops…
A: Please see the table below. Please be guided by signs like [+] / [-] used in each row item to help…
Q: Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $150 for a…
A: Price = Cost + Markup where, Markup = Cost x Markup %
Q: The business manager of an RSO has a choice of purchasing T-shirts for 500 students from two…
A: Cost: the term cost refers to any expense which is incurred to manufacture a product or provide a…
Q: Marikina Shoe Manufacturing Company will produce a special-style shoe if the order size is large…
A: The question is related to Marginal Costing. The details are given.
Q: Apple Incorporated, the worlds leading manufacturer of mobile phones, currently sells their…
A: Generally, when there is a decrease in the price of a product, the demand of that product rises in…
Q: The owners of the appliance store want to spend up to $250,000 on buying new stock. They need to buy…
A: 1) Each appliance should the store buy to maximize profit is as follows: Resultant table:
Q: Your firm sells high-end road and mountain bikes and related accessories. The following information…
A: Customer retention is the term which is defined as company ability to retain the customers over…
Q: José Ruiz wants to start a company that makes snowboards. Competitors sell a similar snowboard for…
A: Selling price: It can be defined as the amount that is paid by the buyer for the purchase of…
Q: A purchasing manager of a business firm bought 20 dozen pairs of shoes for Php 202,080. If he sold…
A: Mark up = Sales - Cost Mark up rate = Mark Up/Cost
Q: McKenzie Company can sell 20,000 pounds of product for $10 per pound. The company can also process…
A: Sometimes additional profit can be made by incurring additional expenditure on the product already…
Q: Right Fit Jeans Co. sells blue jeans wholesale to major retailers across the country. Each pair of…
A: The contribution margin is calculated by deducting the variable cost from the sales revenues.
Q: A shoemaker desires to achieve a profit of P50,000 by selling 500 pairs of shoes. The fixed cost in…
A: Contribution Margin Ratio: A company's contribution margin ratio, also known as the CM ratio, is…
Q: A business that will open a gift shop in Los Angeles is considering making and selling love-themed…
A: Overstocking cost possibility Demand Box 0.1 10…
a retailer wants to add a line of bike carriers to his sports department and plans to sell one model at $39.99. If he can buy a good product for $32.50 less 20%, will he be able to get his usual markup of 42% on the selling price and sell the carrier at the price he set?
Step by step
Solved in 2 steps
- Kylies Cookies is considering the purchase of a larger oven that will cost $2,200 and will increase her fixed costs by $59. What would happen if she purchased the new oven to realize the variable cost savings of $0.10 per cookie, and what would happen if she raised her price by just $0.20? She feels confident that such a small price increase will decrease the sales by only 25 units and may help her offset the increase in fixed costs. Given the following current prices how would the break-even in units and dollars change if she doesnt increase the selling price and if she does increase the selling price? Complete the monthly contribution margin income statement for each of these cases.Suppose your company sells a 3 pack of lenses that attach to smart phones to improve the quality of pictures people take. You pay 29.95 for each 3 Pack and sell them for 59.95. What is hyour Cost of Goods Sold Perrcentage for htis item? Suppose you sell 8,000 of the 3 pack of lenses described in question 3 above in one year. Your 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 profit margin percentage?José Ruiz wants to start a company that makes snowboards. Competitors sell a similar snowboard for $240 each. José believes he can produce a snowboard for a total cost of $200 per unit, and he plans a 25% markup on his total cost. Compute José’s planned selling price. Can José compete with his planned selling price?
- José Ruiz wants to start a company that makes snowboards. Competitors sell a similar snowboard for $240 each. José believes he can produce a snow board for a total cost of $200 per unit, and he plans a 25% markup on his total cost. Compute José’s planned selling price. Can José compete with his planned selling price?Juan Fox’ has started her own company, Foxy Jeans, which manufactures imprinted jeans. Since he just begun this operation, he rents the equipment from a local printing shop when necessary. The cost of using the equipment is P3,000. The materials used in one jean cost P200, and he can sell it at 350. Requirements: Provide for a mathematical model that will show how to maximize the profit. IF Juan sells 100 jeans, what will his total revenues, total costs, and profit? How many jeans must Juan sell to have zero profit and zero loss (break-even)?Planck, the new owner of the vehicle accessory shop, is considering buying sets of winter tyres for $ 299 per set and selling each set at $ 520. Fixed costs related to this operation amount to $ 3250 per month. It is expected that 18 sets per month could be sold. How much profit will Planck make each month? Round to the nearest one. Hint: use the contribution margin approach.
- Plank, the new owner of the vehicle accessory shop, is considering buying sets of winter tyres for $ 299 per set and selling them at $ 520 each. Fixed costs related to this operation amount to $ 3250 per month. It is expected that 18 sets per month could be sold. How much profit will Plank make each month? Hint: use the contribution margin approach.Ingrid is planning to expand her business by taking on a new product that costs $7.56. In order to market this new product, $1307.00 must be spent on advertising. The suggested retail price for the product is $11.31. (a) If a price of $14.49 is chosen, how many units does she need to sell to break even? (b) If advertising is increased to $1674.00, and the price is kept at $11.31, how many units does she need to sell to break even?PLEASE ANSWER IT NOW, I NEED THE ASNWER. A hardware store purchased a tool at P20,000 per unit. At what price should the tool be sold so that giving a 15% discount, will provide them with 25% profit?
- Harold, the owner of Sweet Tunes Music, purchased acoustic guitars for $90 each and has marked them up by 19.00% of the cost. The overhead expenses were 9.00% of the cost. a. What is the regular selling price of each guitar? Round to the nearest cent b. What is the profit made on each guitar sold? Round to the nearest cent c. If he decides to offer a markdown of 6.00%, what would be the reduced selling price? Round to the nearest cent d. What profit or loss he would make on the sale of each guitar?Suppose Stanley's Office Supply purchases 50,000 boxes of pens every year. Ordering costs are $100 per order, carrying costs are 5% of the inventory value, and the price is of $2.00 per box. The vendor now offers a quantity discount of 1% per box if the company buys pens in order sizes of 20,000 boxes. Should the company accept the quantity discount? Show your calculations to justify your decision.A local pizza shop owner decides to hire an economic consultant to help him set his prices. Currently, one slice of pizza costs $2 and the store sells about 800 slices per week. The pizza shop's current revenue from sales is equal to $____. The economic consultant estimates that the price elasticity of demand is equal to -0.25, and suggests that the shop owner should increase the price of a slice of pizza by $0.50; that is, the consultant recommends increasing the price of pizza by ____%. The consultant claims that doing so would (a. Increase b. Decrease or C.have no effect on)_____ the number of slices sold by ____% or ____ slices. As a result, the economist predicts that the new revenue would be ____ Thus as a result of the increase in the price there is ____ in revenue. This is due to the fact that the pizza shop owner was operating on the ____ portion of the demand curve. (fill in the blanks)