An item is originally priced to sell for $85 and is marked down 20%. A customer has a coupon for an additional 35%. What is the total percent reduction and the final selling price? The total percent reduction is %. The final selling price is $
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A: = 50 % ( $21000 - $15000 ) = 50% × $6000 $3000
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- The Lux Co. has an inventory conversion period of 60 days, a receivable conversion period of 35 days, and a payable payment period of 45 days. The Lux Co.’s variable cost ratio is 65% and annual fixed costs of P600,000. The current cost of capital for National Co. is 12%.If Lux Co.’s annual sales are P3,375,000 and all sales are on credit, what is the firm’s carrying cost on accounts receivable, using 360 days year?National Co. has an inventory conversion period of 60 days, a receivable conversion period of 35 days, and a payable payment period of 45 days. The National Co.’s variable cost ratio is 65% and annual fixed costs of P600,000. The current cost of capital for National Co. is 12%.If National Co.’s annual sales are P3,375,000 and all sales are on credit, what is the firm’s carrying cost on accounts receivable, using 360 days year?What is the inventory conversion period for O'Brian's if it has sales of $320,000, an average inventory of $5,333 and a cash conversion cycle of 20 days? Assume the cost of sales is 55% of sales.
- Zane Corporation has an inventory conversion period of 64 days,an average collection period of 28 days, and a payables deferral period of 41 days.a. What is the length of the cash conversion cycle?b. If Zane’s annual sales are $2,578,235 and all sales are on credit, what is the investmentin accounts receivable?c. How many times per year does Zane turn over its inventory? Assume that the cost ofgoods sold is 75% of sales. Use sales in the numerator to calculate the turnover ratio.Suppose you shorted 10,000 shares instead of buying at a price of 4.00. The initial margin is 60 percent. What does the account balance sheet look like?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
- Sanchez, Incorporated, is considering a change in its cash-only sales policy. The new terms of sale would be net one month. The required return is 1.7 percent per month. Current Policy New Policy Price per unit $ 700 $ 700 Cost per unit $ 420 $ 420 Unit sales per month 1,120 1,220 Based on the above information, determine the NPV of the new policy.Based on the following information, fill the information in the given below Income statement of a Company The company expects to sell 3000 units in the current year and the price per unit is 10 OMR. The variable cost per unit of the company is 4 OMR and the fixed cost is 6000 OMR. In the next year company expects to sell 6000 units. Calculate EBIT for the current year and the next year. The company also has a $30,000 bond with a 10% annual coupon rate and an issue of 500 shares of $4 annual dividend preferred stock. It also has 1,000 share of common stock outstanding. The tax rate for the Company is 40%. Fill out the given below Income statement and calculate the Degree of operating leverage Degree of Financial leverage Degree of Total leverage. YEAR 1 YEAR 2 Sales Quantity 3000 6000 Sales Revenue (in OMR)(selling price per unit is 10 OMR) Less: Variable operating costs( VC per unit is 4 OMR) Less: Fixed operating costs…1. If last year's sales were $906,050 and a store was planning an increase in sales of 3.75% and a markdown percent of 18.25%, what is the planned markdown in dollars? (Present your answer rounded to the dollar with a dollar sign and comma separator (i.e. $109,455).) 2. Using the following data, calculate the planned April purchases at cost. (Present your answer rounded to the dollar with a dollar sign and comma separator (i.e. $109,455).) Sales $220,000 BOM Stock for April $380,000 BOM Stock for May $240,000 Markup 51% Markdowns 2.3%
- A firm with annual sales of $7,600,000 increases its inventory turnover from 4.0 to 4.5. How much would the company save annually in interest expense if the cost of carrying the inventory is 10 percent? Round your answer to the nearest dollar. $A company stocks an item that is consumed at the rate of 35 units each day. Every time an order is placed for new supply, $ 105 must be paid. A unit inventory held in stock will cost $ 0.15 d) What is the total cost if the order quantity is 205 more than EOQ? e) What is the optimum number of orders (rounded to the closest integer) that the company has to place each year? Assume that the company has a standing policy of not allowing shortages in demand.The cost of product X is 30 percent of its selling price, and the carrying cost is 8 percent of selling price. Accounts are paid on average 60 days after sale. Sales per month average P35,000. What is the investment in accounts receivable? CHOOSE THE ANSWERA. P600.00B. P6,600.00C. P19,000.00D. P16,600.00E. P26,600.00
