A store has clearance items that have been marked down by 60%. They are having a sale, advertising an additional 30% off clearance items. What percent of the original price do you end up paying?
Q: Martin company uses 625 units of a part each year. The cost of placing one order is $8; the cost of…
A: Economic order Quantity (EOQ) = [(2*Annual Demand * Set up cost)/Carrying cost]
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: oters plans to sell a standard scooter for $90 and a chrome scooter for $120. Sammy's purchases the…
A: Sales mix is the fixed ratio of sales when an entity sells two or more products.
Q: NEKO Inc. expects to use 96,000 litters of paint annually costing P12 per litter. Inventory…
A: Carrying cost refer to the costs incurred in maintaining a given level of inventory. These costs…
Q: A retailer anticipates selling 4,050 units of its product at a uniform rate over the next year. Each…
A: Economic order quantity is the optimal quantity to be ordered to minimize the total cost.
Q: For the fall season, Mrs. Rose planned to carry total merchandise worth $15,000, at retail, with a…
A: Marking up the goods is a way of setting a sales price on them on the basis of the desired profit…
Q: The supplier of the bath towel is offering a discount of $25 off each order if orders are placed in…
A: Econi=omic order quantity=2×Annual demand×Ordering costCarrying cost
Q: A bookstore sets selling prices to be 20% more than their cost. What percent of the selling price is…
A: Given: Cost + 20% of Cost = Selling price
Q: Tool Mart sells 1,400 electronic water pumps every year. These pumps cost $54.30 each. If annual…
A: EOQ = √(2*annual demand*cost per order/holding cost)
Q: An office supply store adds a $2.50 markup to calculators and sells them for $6.95. (a) What is the…
A: In this question we need to compute the cost of the calculators and percent markup based on cost.
Q: The TOPSHOP company has a monthly demand for an item of 1,000 units/month. This company operates…
A: Answer 3A For the given quantity discount =12% is applies Actual unit price =$10Discount…
Q: es 250 day
A: Minimum level of stock refers to the minimum amount of quantity of raw Material which is required to…
Q: A store has clearance items that have been marked down by 50%. They are having a sale, advertising…
A: A discount is a reduction in the original price of the product. The discount can be offered as a…
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: Delsing Plumbing Company has beginning inventory of 24,000 units, will sell 70,000 units for the…
A: Given Beginning Inventory = 24,000 units Sell = 70,000 units Ending Inventory = 40% of Beginning…
Q: Let's say a retail outlet sells a seasonal product for $10 per unit. The cost of the product is $8…
A: Solution:- a)Calculation of the recommended order quantity the recommended order quantity as follows…
Q: The sales teams has to generate $545,609 in revenue this month for Product X. Its sales price is…
A: Discount = Sales Price before Discount x Discount Rate Net Sales Price = Sales Price before…
Q: Croy Inc. has the following projected sales for the next five months: Month Sales in Units April…
A: Budget means the expected value of future. Budget is not affected by the actual value as it is…
Q: A store sells a product that has the annual demand of 16,156 units. It purchases the product from…
A: At EOQ, total ordering cost and carrying cost is minimum. Total ordering and carrying cost can be…
Q: A customer is willing to order 100 cases listed at $20 per case to get a 15 percent quantity…
A: Calculation of Amount Customer Paid:The amount customer paid is $1,666.Excel Spreadsheet:
Q: In September, a light business bought $3600 worth of bulbs. At the beginning of September, the store…
A: The cost of goods sold can be calculated by adding up purchases and deducting the ending inventory…
Q: Toothpaste is a necessary, frequently purchased consunmer product. In an average week a retailer…
A: Gross Margin is a financial measure that measures the financial health and working of an…
Q: Croy Inc. has the following projected sales for the next five months: Month Sales in Units April…
A: Croy Inc. Production Budget April May June Expected Unit Sales…
Q: Given the following, calculate the net price of the purchase by a customer who buys 1,000 cases of…
A: Cost of product = $75.00 per case Total cost = $75 x 1000 = $75,000 Trade discount = $5 x 1000 =…
Q: In January 2020, a retailer sells 100 paper shredders to customers for $100 each. The terms of the…
A: Refund liability: When a company sells its products with a right of return to customers it has to…
Q: A store has clearance items that have been marked down by 60%. They are having a sale, advertising…
A: End up paying = Price - ( Discount + Additinal discount )
Q: If last year's sales were $906,050 and a store was planning an increase in sales of 3.75% and a…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: mith Inc. expects to use 96,000 litters of paint annually costing P12 per litter. Inventory carrying…
A: Inventory carrying cost is the cost of keeping items in stock. The larger the volume of inventory,…
Q: Speedy Printers has the following data for its Sales and Expenses: Sales: January $50,000, February…
A: Given Sales for the month of January = $50,000 Sales for the month of February = $30,000 Sales for…
Q: Carrefour estimates an annual demand of a grocery product at 4800 kgs. It costs RO 100 to make and…
A: Inventory level at which business should place order is known as reorder point in business.
Q: A fumiture salesperson can sell 60 pieces of fumitur miture as inventory would cost $50 over the…
A: Inventory costing, often known as inventory cost accounting, allows businesses to allocate expenses…
Q: Zodiac retail dealer in shirts is currently selling 24,000 shirts annually. He supplies the…
A: Break even point in units: = Fixed cost / Contribution per unit Margin of safety: = Actual sales -…
Q: Carrefour estimates an annual demand of a grocery product at 4800 kgs. It costs RO 100 to make and…
A: Level of inventory at which business should place order for the inventory is known as Reorder point.
Q: The Volt Battery Company has forecast its sales in units as follows: January 1,100 February…
A: The manufacturing company needs materials, labor, and expenses for the production process. Thus, the…
Q: National Co. uses about 200,000 yards of a particular fabric each year. The fabric costs P25 per…
A: The total annual cost is the cost of all the product cost including fixed and variable both. The…
Q: A store has clearance items that have been marked down by 30%. They are having a sale, advertising…
A: Discount is amount of price that is forgone by seller either to promote sales or get cash early.…
Q: Croy Inc. has the following projected sales for the next five months: Month Sales in Units…
A: Budgeted production = Budgeted sales + Desired ending inventories - Beginning inventory
Q: Corey's Campus Store has P50,000 of inventory on hand at the beginning of the month. During the…
A: The inventory refers to the items and merchandise meant to be sold in order to earn profit. The…
Q: A retailer buys 100 blouses for $55.50 each, plans a 60% markup on cost. What is the price of one…
A: Given, Cost = $55.50 Markup on Cost = 60%
Q: TS Co has daily demand for ball bearings of 40 a day for each of the 250 working days (50 weeks) of…
A: We have the following information: TS Co has daily demand for ball bearings of 40 a day for each of…
Q: A company has a contract to supply 5,000 units of an item per year to the retail store. An estimated…
A: Compute EOQ as follows:
Q: a) Kwik supermart has ordered the following supplies over the last year from various suppliers:…
A: Solution:- Average price charged by the new supplier will be the 11% less than the average of the…
Q: A supplier sells MF Tires to dealers. The annual demand is approximately 1,000 tires. The supplier…
A: Economic order quantity means the quantity to be order so that total inventory cost will be…
A store has clearance items that have been marked down by 60%. They are having a sale, advertising an additional 30% off clearance items. What percent of the original price do you end up paying?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- A customer is willing to order 100 cases listed at $20 per case to get a 15 percent quantity discount. Terms are 2/10, n/30, FOB destination. The customer pays five days after receiving the invoice. How much did the customer pay?Green Tees, an on line retailer of t-shirts, orders 10,000 t-shirts per year from its manufacturer. The carrying cost is $0.10 per shirt per year. The order cost is $550 per order. What is the optimal order quantity for the t-shirt inventory (rounded to the nearest dollar)?Given the following, calculate the net price of the purchase by a customer who buys 1,000 cases of product and pays the supplier within 15 days of shipment. What is the total percentage discount on the sale? Cost of product: $75.00 per case Trade discount: $5.00 per case Quantity discount: 1.5% for each 500 cases Performance allowance: 5% Cash discount: 2/10, net 30
- The I-75 Carpet Discount Store has an annual demand of 10,000 yards of Super Shag carpet. The annual carrying cost for a yard of this carpet is $0.75, and the ordering cost is $150. The carpet manufacturer normally charges the store $8 per yard for the carpet; however, the manufacturer has offered a discount price of $6.50 per yard if the store will order 5,000 yards. How much should the store order, and what will be the total annual inventory cost for that order quantity?A retailer buys a product from a supplier for $40. The retailer needs a 30% markup on cost to cover operating expenses. If the product is sold for $48, what is the outcome?Croy Inc. has the following projected sales for the next five months: Month Sales in Units April 3,500 May 3,860 June 4,590 July 4,195 August 3,960 Croy’s finished goods inventory policy is to have 50 percent of the next month’s sales on hand at the end of each month. Direct materials costs $2.70 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,680 pounds. Determine budgeted cost of materials purchased for April and May. (Use rounded Budgeted Production units in intermediate calculations. Round your answers to 2 decimal places.) 2. Determine budgeted cost of materials purchased for April and May. April May Budgeted Cost of Material Purchased
- Croy Inc. has the following projected sales for the next five months: Month Sales in Units April 3,500 May 3,860 June 4,590 July 4,195 August 3,960 Croy’s finished goods inventory policy is to have 50 percent of the next month’s sales on hand at the end of each month. Direct materials costs $2.70 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,680 pounds. Required: 1. Determine budgeted production for April, May, and June. I figured out May 4,225 and June 4,393. How do you figure out April without knowing March units?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 TV repairs shop uses 36,000 units of a part each year (A maximum consumption of 100 units per working day). It costs P20 to place and receive an order. The shop orders in lots of 400 units. It cost P4 to carry one unit per year of inventory. Calculate the Economic Order Quantity If you are expecting 2 days delay, how much is the safety stock? If you are expecting 2 days delay, how much is the reorder point?
- A company has a contract to supply 5,000 units of an item per year to the retail store. Anestimated ordering cost is ₹ 150 every time the order is made and the insurance cost is ₹ 30.The carrying cost is 25% of the unit price. The following are the quantity discounts that thecompany offers to ensure bulk purchases by the retailer:Order size Price per unit (₹)Less than 1,000 5001,000 -2,999 4503,000-4,999 4005,000 or more 350What should be the order size as a part of best inventory policy? Give justification for yourrecommendation.Croy Inc. has the following projected sales for the next five months: Month Sales in Units April 3,450 May 3,940 June 4,640 July 4,180 August 3,980 Croy’s finished goods inventory policy is to have 50 percent of the next month’s sales on hand at the end of each month. Direct materials costs $3.00 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,695 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of materials purchased for April and May.A home gods retailer offers a sales incentive program where customers receive credit towards future purchases based on the dollar amount of their purchases today. For every $10 spent, a customer receives a $1 credit to use in the next 30 days. Based upon historical trends, the firm estimates that 35% of the credits will be redeemed. Assume the credit associated with the sales incentive program is a separate performance obligation. If during the month the company sold $40,000 of product with a cost of $22,000, what is amount of revenue allocated to product sales? Round to the nearest dollar. $29,630 $36,364 $38,647 $40,000 None of the above