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Cost is the total value of money that has been spent for the goods purchased or rendering of services.
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- Show complete solution. James decides to order a homemade peach-mango pie in order to generate funds to assemble a desktop computer for his online classes. The cost of producing a whole pie is Php160, including the ingredients and other expenses. If he wants to have a 78% profit margin, how much should he price the peach-mango pie? What should be the % mark-up?An entrepreneur has just developed an app that coaches you through a 7-minute workout and she sells it for $3 on the Apple App Store. To get more downloads, she tries a search campaign where she is paying on average $0.75 per click to get about 2000 clicks per month. The ads send those who click to the app’s pages on the App Store. Her conversion rate (i.e., among those who clicked the ad, how many purchased) on these leads is running about 30%. What is the ROI for this campaign?Instruction: Please answer the following with complete solution and explanation. Thank you! 1. Summer Company offers a set of building blocks to customers who send in three (3) UPC codes from Summer cereal, along with P50.00. The blocks sets cost Summer P110 each to purchase and P60 each to mail to customers. During 20x1, Summer sold 1,000,000 boxes of cereal. The company expects 30% of the UPC codes to be sent in. During 20x1, 120,000 UPC codes are redeemed. Required: 1. What is the cost of estimated claims outstanding? 2. Prepare Summer’s December 31, 20x1 adjusting entry.
- Social Media, Inc. (SMI) has two services for users. To ot!, which connects tuters with students who are looking for tutoring services, and TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! TiX Total Users 13,100 20,100 33,200 Revenues $ 1,800,000 $ 1,760,000 $ 3,560,000 Engineering hours 9,300 7,300 16,600 Engineering cost $ 687,750 $ 806,250 $ 1,494,000 Administrative costs $ 1,195,200 Required: a. Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the number of users to allocate administrative costs. b. Based on the rates computed in requirement (a), what is the profit for each service?Customer Value, Strategic PositioningAdriana Alvarado has decided to purchase a personal computer. She hasnarrowed the choices to two: Drantex (ad Confiar. Both brands have thesame processing speed, 6.4 gigabytes of hard-disk capacity, two USBports, and a DVDRW drive, and each comes with the same basic softwaresupport package. Both come from mail-order companies with goodreputations. The selling price for each is identical. After some review,Adriana discovers that the cost of operating and maintaining Drantexover a 3-year period is estimated to be $300. For Confiar, the operatingand maintenance cost is $600. The sales agent for Drantex emphasizedthe lower operating and maintenance costs. The agent for Confiar,however, emphasized the service reputation of the product and thefaster delivery time (Confiar can be purchased and delivered 1 weeksooner than Drantex). Based on all the information, Adriana has decidedto bur Confiar. Required:1. What is the total product purchased by Adriana?2.…Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TIX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! Tix Total Users 15,500 22,100 37,600 Revenues $2,000,000 $2,080,000 $4,080,000 Engineering hours 10,4000 8,400 18,800 Engineering cost $ 881,000 $ 999,000 $1,880,000 Administrative costs…
- Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! TiX Total Users 15,500 22,100 37,600 Revenues $ 2,000,000 $ 2,080,000 $ 4,080,000 Engineering hours 10,400 8,400 18,800 Engineering cost $ 881,000 $ 999,000 $ 1,880,000 Administrative costs $ 1,504,000 The company is considering using a two-stage cost allocation system and wants to assess the effects on reported product profits. The company is considering using Engineering Hours and Users as the allocation base. Additional information follows. Toot! TiX Total Engineering hours 10,400 8,400 18,800 Users 15,500 22,100 37,600 Engineering-hour related administrative cost $ 199,280 User-related…Online testing The Educational Testing Service is nowadministering several of its standardized tests online—the CLEP and GMAT exams, for example. Since takinga test on a computer is different from taking a test withpencil and paper, one wonders if the scores will bethe same. To investigate this question, researchers createdtwo versions of an SAT-type test and got 20 volunteers toparticipate in an experiment. Each volunteer took bothversions of the test, one with pencil and paper and theother online. Subjects were randomized with respect tothe order in which they sat for the tests (online/paper)and which form they took (Test A, Test B) in whichenvironment. The scores (out of a possible 20) aresummarized in the table.a) Were the two forms (A/B) of the test equivalent interms of difficulty? Test an appropriate hypothesisand state your conclusion.b) Is there evidence that the testing environment (paper/online) matters? Test an appropriate hypothesis andstate your conclusion.You are a social media marketer responsible for creating a social media campaign for a pair of Ray Ban sunglasses. The goal of your social campaign is to drive sales for the sunglasses. With every single social post, you include a trackable call-to-action link to your website where users could purchase the sunglasses. You outsourced all of the professional photographs of the sunglasses, creation of the social media graphics and videos to a company for $5,000. You also spent $3,000 on social media ads directed at the target market. Your campaign ran for one month, and during that time you only worked on the campaign, making a salary of $5,000. The social media management tool that your company pays for costs $1,000 a month. By the end of the campaign, you were able to pull a report from your company website of all the sunglasses sold from customers who clicked on the trackable link from social media. The total revenue for sunglasses purchases from the social media campaign was $50,000,…
- You are shopping for a headset and webcam at an electronics store so that you can video chat with your friends. (Round your answers to one decimal place.) Headset and Webcam SALE BuddyChat 200HeadsetReg. Price $49.99 BuddyChat 300HeadsetReg. Price $61.99 BuddyCam HD 200WebcamReg. Price $89.99 Save $10 $39.99 After Savings Save $12 $49.99 After Savings Save $20 $69.99 After Savings An advertisement has a picture of a headset with microphone and a webcam. At the top, the ad says "Headset and Webcam Sale. See and say hello to your family and friends." Below that is the headset. To the right is the text "BuddyChat 200 Headset. Regular price $49.99." To the right is a price tag which is labeled "Save $10. $39.99 after savings." Moving down, there is the text "BuddyChat 300 Headset. Regular price $61.99." To the right is a price tag which is labeled "Save $12. $49.99 after savings." At the bottom of the ad is the webcam. To the right is the text "BuddyCam HD Webcam. Regular price $89.99."…Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! TiX Total Users 10,700 18,100 28,800 Revenues $ 1,600,000 $ 1,440,000 $ 3,040,000 Engineering hours 8,200 6,200 14,400 Engineering cost $ 516,500 $ 635,500 $ 1,152,000 Administrative costs $ 921,600 Required: Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the number of usersto allocate administrative costs. Based on the rates computed in requirement (a), what is the profit for each service?You are shopping for a headset and webcam at an electronics store so that you can video chat with your friends. (Round your answers to one decimal place.) Headset and Webcam SALE BuddyChat 200HeadsetReg. Price $39.99 BuddyChat 300HeadsetReg. Price $51.99 BuddyCam HD 200WebcamReg. Price $89.99 Save $10 $29.99 After Savings Save $12 $39.99 After Savings Save $20 $69.99 After Savings An advertisement has a picture of a headset with microphone and a webcam. At the top, the ad says "Headset and Webcam Sale. See and say hello to your family and friends." Below that is the headset. To the right is the text "BuddyChat 200 Headset. Regular price $39.99." To the right is a price tag which is labeled "Save $10. $29.99 after savings." Moving down, there is the text "BuddyChat 300 Headset. Regular price $51.99." To the right is a price tag which is labeled "Save $12. $39.99 after savings." At the bottom of the ad is the webcam. To the right is the text "BuddyCam HD Webcam. Regular price $89.99."…