Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 275 balloons each month. His largest competitor, Paul, sells 768 balloons eac month at a price of $3.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $4.00 per balloon. What are Levon's revenues?
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- Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $7.00 each and sells 394 balloons each month. His largest competitor, Paul, sells 775 balloons each month at a price of $3.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $5.00 per balloon. What are Levon's revenues? *Answer is in dollars*Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $7.00 each and sells 394 balloons each month. His largest competitor, Paul, sells 775 balloons each month at a price of $3.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $5.00 per balloon. What is the total market size in revenues (per month)? *Answer in dollars*Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $7.00 each and sells 394 balloons each month. His largest competitor, Paul, sells 775 balloons each month at a price of $3.00 each. Levon estimates the total balloon market in town to be 2000 per month at an average price of $5.00 per balloon. What is Levon's unit market share? *Answer has to be in percent*
- Three years ago, Marissa Moore started a business that creates and delivers holiday and birthday gift baskets to students at the local university. Marissa sells the baskets for $25 each, and her variable costs are $15 per basket. She incurs $12,000 in fixed costs each year. How many baskets will Marissa have to sell this year if she wants to earn $30,000 in operating income? (Round answer to 0 decimal places, e.g. 5,275.)Mang Eduard operates a buy and sell business. He sells umbrellas in his shop near the city mall. He getshis umbrellas from a local dealer. Each umbrella costs 90.00 pesos each. Expecting rainy season to come, MangEduard purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen forfreight. Mang Eduard can sell 12 umbrellas every day.Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide.Suppose Mang Eduard purchases and sales is the same every month, fill in the necessary information in table 6Mang Eduard operates a buy and sell business. He sells umbrellas in hisshop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs90.00 pesos each. Expecting rainy season to come, Mang Eduard purchased 4dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Eduard can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Eduard purchases and sales is the same every month, fill in the necessary information in table 6. Table 4 Projected Cost of Goods Sold (Monthly) Projected Volume Merchandise/ Cost per Unit Average No. of Projected Costs of Products Items Sold (Monthly) Purchases (Monthly) (A) F = (D x 30 days) J = (A x F) 90 Total
- Ganja Motors is a small car dealership. On average, it sells a car for $54,000, which it purchases from the manufacturer for $46,000. Each month, Ganja Motors pays $96,400 in rent and utilities and $136,000 for salespeople’s salaries. In addition to their salaries, salespeople are paid a commission of $1200 for each car they sell. Ganja Motors also spends $26,000 each month for local advertisements. Its tax rate is 40%. How many cars must Ganja Motors sell each month to break even? Ganja Motors has a target monthly net income of $102,000. What is its target monthly operating income? How many cars must be sold each month to reach the target monthly net income of $102,000?Westover Motors is a small car dealership. On average, it sells a car for $32,000, which it purchases from the manufacturer for $28,000. Each month, Westover Motors pays $53,700 in rent and utilities and $69,000 for salespeople’s salaries. In addition to their salaries, salespeople are paid a commission of $400 for each car they sell. Westover Motors also spends $10,500 each month for local advertisements. Its tax rate is 40%. Q1. How many cars must Westover Motors sell each month to break even? Q2. Westover Motors has a target monthly net income of $69,120. What is its target monthly operating income? How many cars must be sold each month to reach the target monthly net income of $69,120?Klee Motors is a small car dealership. On average, it sells a car for $24 000, which it purchases from the manufacturer for $20 000. Each month, Klee Motors pays $60 000in rent and utilities and $60 000 in salespeople’s salaries. In addition to their salaries, sales people are paid a commission of $500 for each car they sell. Klee Motors also spends $15 000 each month on local advertisements. a. How many cars must Klee Motors sell each month to break even? b. Will Klee Motors earns a profit if it can sell 6 cars? c. How much sales revenue shall the company earn to achieve a $100,000 profit?
- Mang Eduard operates a buy and sell business. He sells umbrellas in his shop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs 90.00 pesos each. Expecting rainy season to come, Mang Eduard purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Eduard can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Eduard purchases and sales is the same every month, fill in the necessary information in table 6. TABLE 4: PROJECTED COST OF GOODS SOLD MONTHLY MERCHANDISE/PRODUCTS COST PER UNIT PROJECTED VOLUME AVERAGE NO. OF ITEMS SOLD (MONTHLY) PROJECTED COSTS OF PURCHASES (MONTHLY) (A) F= (D x 30 DAYS) J=( A x F) TOTAL TABLE 5: FREIGHT-IN PAID MERCHANDISE/PRODUCTS NO. OF ITEMS SOLD (DAILY)…Rodney runs Handheld Hardware Inc. in Mississauga, Ontario. He purchases 490 phones from a distributor with trade discounts of 14% and 7% on the list price of $50 per phone. He sold 288 phones at the regular selling price of $82 each and offered a markdown of 20% on the next 59 phones. To ensure that he completes the stock, he sold the rest at break-even. The store's overhead expenses are 9% on cost. a. Calculate his total profit or loss made from the sale of the phones. Round to the nearest cent b. What is the rate of markdown from the original selling price for the remaining phones that are being sold at break even? % Round to two decimal placesAling Minda is operating a buy and sell business, she sells broomsticks (walis tingting) in her stall at a local market. She gets her broomsticks from a local supplier for 25 pesos each. She then adds 50 percent mark-up on each broomstick. Every day, Aling Minda can sell 30 broomsticks a day.
