Pete recently bought whiteboard supplies for employees in his office. He spent $140 on whiteboards, markers, and erasers. The markers came in packs of 5, which cost $6 per pack. One (1) eraser was 1/3 of the cost of 1 pack of markers and 1 whiteboard was 5 times the cost of 1 eraser. If Pete purchased 56 items in total, including 35 markers, then how many whiteboards did he buy?
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- Mary hopes to sell 10,000 pieces of chrysanthemum last November but she was able to sell 15,000 chrysanthemum. Her chrysanthemum is sold at 20 pesos each. Her total expenses was 150,000, hence, cost per unit is 15.00. Out of the 15,000 pieces sold, Maria, one of your retailers was able to sell 5,000. What was the sales volume percentage in Maria’s location? * 30% 33.33% 3%Paul James is a chrome plater at a local plant. If he plants 300 items or more, he is paid $1.25 each. For less than 300 items, he is paid $0.75 each. What is his total pay if he plates 321 items on Wednesday and 154 items on Thursday?Khalid is a salt merchant who supplies salt to general merchants in Lahore city. In the year of 2020 he sold 35,000 bags of salt. One bag consists of 50kg salt. He purchases slat in raw form and then grinds it, fills it in bags and then sold it, Sale price per bag is RM 45. He purchases the raw salt @ RM 400 per ton (1 ton consist of 1000 kg). Grinding cost is RM7 per bag, carriage outward cost is RM 5 per bag, he also purchases empty bags @ RM400 per 100 bags. Rent of shop RM1500 per month. Electricity and phone expense is RM16,000 per year (assume fixed). Depreciation of plant is RM3,680 per year. In the year 2021 it is expected that sale price and demand will remain the same but all the variable costs will increased by 15%. All the fixed costs will also increase by 10%. Required: Assume that demand in 2021 will remain the same he wants to keep same contribution margin ratio as in year 2020 what will be the new selling price per bag. other requirements have been answered here:…
- Phoenix was a professional classical guitar player until a motorcycle accident left him disabled. After long months of therapy, he hired an experienced luthier and started a small shop to make and sell Spanish guitars. The guitars sell for $705,and the fixed monthly operating costs are as follows: Rent and utilities $810 Wages and benefits to luthier $2,510 Other expenses $480 Phoenix's accountant told him about contribution margin ratios, and Phoenix understood clearly that for every dollar of sales, $0.60 went to cover his fixed costs, and anything above that point was profit. Phoenix is planning to increase the sales price to $760. What impact will the increase in sales price have on the contribution margin ratio?Ivy bought 10 packs of cups for her holiday party. A pack of MEDIUM cups costs $1.80 and a pack of LARGE cups costs $2.40. She paid a total of $21.60. How many packs of each size cup did she buy?Jackson has a gift shop. He sells souvenir spoons for $5 each and souvenir mugs for $8 each. Yesterday was a slow day and he only sold a total of $42 worth of these two items. How many of each type of Item did he sell yesterday if he sold twice as many mugs as spoons?
- ABC Mart had 840 forks and spoons in his shop. Last week, 50% of the forks and 75% of the spoons were sold during a sale. There were 240 forks and spoons left, How many forks were there in ABC Mart at first?Charlotte sells widgets which cost $50 each to purchase and prepare for sale. Annual sales are 10,000 widgets, carrying cost are 15% of inventory costs, and Charlotte incurs a cost of $25 each time an order is placed. Suppose her supplier decides to offer a 3% cash discount if products are ordered in increments of 1250. How many widgets should Charlotte order each time an order is placed to minimize costs? I have submitted this question twice and both times was answered with how many orders of 1250 will satisfy the demand of 10,000 widgets. I need to know how to figure out HOW MANY WIDGETS PER ORDER to minimize costs.Dr. Detail is a mobile car wash. The price for a standard wash is $35 and takes half an hour. Each worker is paid $20/hr, uses $5 of materials and $0.50 per mile to use their own vehicle to travel from job to job. The average job is 5 miles. Ernest Kuhns son got sick in the car, and Ernest Kuhn has asked Dr. Detail to detail his car instead of doing a simple wash and vacuum. A. Determine the differential income if $100 was charged to detail the car. Each car detail will take 2 hours. The materials used by the worker is three times that of a standard car wash. B. If the price is raised to $150, what is the differential income change? C. Keeping the price at $150, if the worker rate per hour would increase to $20/hr how would the differential income change? Prepare an Excel spreadsheet. D. What other issues would you need to consider?
- Myrna White is a mobile housekeeper. The price for a standard house cleaning is $150 and takes 5 hours. Each worker is paid $25/hour, uses $15 of materials and $0.50 per mile to use their own vehicle to travel from job to job. The average job is 5 miles. Arniz Meyroyan has a family reunion at her house and needs her house freshened up. She offers $75 for this emergency tidy-up service. This service includes vacuuming and cleaning floors, dusting, and cleaning the bathrooms. Only $5 of materials would be used. A. Prepare an Excel spread sheet to determine the differential income if the emergency tidy-up service is priced at $75. The tidy-up service will take 2 hours. B. If a $25 surcharge was included to make the price of $100 how would the differential income change? C. If the hourly worker rate increased to $30/hour, how would net income change? D. What other issue would you need to consider?A service garage uses 204 boxes of cleaning cloths a year. The boxes cost $12 each. The cost to place one order is $15, and the cost to hold one box in inventory for a year is $2.40. Using this information, what is our total holding and ordering cost if we currently order 12 boxes at a time?Mr. John Villamin wanted to sell cupcakes to his friends. He spends Php 22.50 per cupcake with corresponding mark up of 140%. For the month of February 2022, he sold 100 pcs on the 1st 15 days of the month, and 125 pcs on the remaining days of the month. Other expenses are 10% of the total ingredients cost. How much is the income or loss of Mr. Villamin for the month of February 2022 (indicate if income or loss and show your computation)?