Ward Fitness lists a treadmill at $1860 less 33(1/3) % and 15%. To meet competition, Ward wants to reduce its net price to $922.25. What additional percent discount must Ward allow?
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Ward Fitness lists a treadmill at $1860 less 33(1/3) % and 15%. To meet competition, Ward wants to reduce its net price to $922.25. What additional percent discount must Ward allow?
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- Dorcan Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.50 each, and the variable cost to manufacture them was $2.25 per unit. The company needed to sell 20,000 shirts to break-even. The after tax net income last year was $5,040. Donnelly's expectations for the coming year include the following: (CMA adapted)The sales price of the T-shirts will be $9. ∙ Variable cost to manufacture will increase by one-third. ∙ Fixed costs will increase by 10%. ∙ The income tax rate of 40% will be unchanged. The selling price that would maintain the same contribution margin ratio as last year is: $10.00. $8.25. $9.00. $9.50.Dorcan Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.50 each, and the variable cost to manufacture them was $2.25 per unit. The company needed to sell 20,000 shirts to break-even. The after tax net income last year was $5,040. Donnelly's expectations for the coming year include the following: (CMA adapted) ∙ The sales price of the T-shirts will be $9. ∙ Variable cost to manufacture will increase by one-third. ∙ Fixed costs will increase by 10%. ∙ The income tax rate of 40% will be unchanged. Sales for the coming year are expected to exceed last year's by 1,000 units. If this occurs, Dorcan's sales volume in the coming year will be: 23,400 units. 21,960 units. 22,600 units. 21,000 units.Dorcan Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.50 each, and the variable cost to manufacture them was $2.25 per unit. The company needed to sell 20,000 shirts to break-even. The after tax net income last year was $5,040. Donnelly's expectations for the coming year include the following: (CMA adapted) ∙ The sales price of the T-shirts will be $10. ∙ Variable cost to manufacture will increase by one-third. ∙ Fixed costs will increase by 10%. ∙ The income tax rate of 40% will be unchanged. Based on a $10 selling price per unit and if Dorcan Corporation wishes to earn $37,800 in after tax net income for the coming year, the company's sales volume in dollars must be: $257,625. $213,750. $207,000. $255,000.
- Gelmite & Sons Hardware is considering introducing a cash discount policy to its customers so as toimprove current sales. There are three possible scenarios that include monthly estimates. Gelmite& Sons uses a 60% mark up on cost on all their products as a general rule. Fixed costs are R8 000per month. Scenario A: Representing the Current ScenarioCompany sold 600 units of the spark nail which they ordered at a wholesaler in Shoppers Town fora cost price of R100 each. Scenario B: Representing initial sales target Company will sell 800 units of the spark nail which they ordered at a wholesaler in Shoppers Townfor a cost price of R100 each.These sales units are achieved after the introduction of a 20% markdown on the original sellingprice.Scenario C: Representing a scenario where sales targets are surpassed Company will sell 1 000 units of the spark nail which they ordered at a wholesaler in Shoppers Townfor a cost price of R100 each. In order to achieve the increased sales,…Harold, the owner of Sweet Tunes Music, purchased acoustic guitars for $90 each and has marked them up by 19.00% of the cost. The overhead expenses were 9.00% of the cost. a. What is the regular selling price of each guitar? Round to the nearest cent b. What is the profit made on each guitar sold? Round to the nearest cent c. If he decides to offer a markdown of 6.00%, what would be the reduced selling price? Round to the nearest cent d. What profit or loss he would make on the sale of each guitar?Dona Corporation manufactures and sells T-shirts imprinted with college name and slogans. Last year, the shirts sold for P7.50 each, and the variable cost to manufacture them was P2.25 per unit. The company needed to sell 20,000 shirts to breakeven. The net income last year was P5,040. Dona’s expectation for the coming year include the following: • The sales price of the t-shirt will be P9.00 • Variable cost to manufacture will increase by one-third. • Fixed cost will increase by 10% • The income tax rate of 40% will be unchanged a. The selling price that would maintain the same contribution margin rate as last year is ______________- b. The number of T-shirts Dona must sell to break even in the coming year is ______________ c. If Dona wishes to earn P22,500 in net income for the coming year, the company’s sales in pesos must be __________
- Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $145 for a comforter. Misu Sheet wants to advertise the comforter as "percent markup on cost." a. What is the equivalent rate of percent markup on cost compared to the 20% markup on selling price? (Round your answer to the nearest hundredth percent.).The Kidz Klothing store ordered a line of snowsuits at $60 each, less a trade discount of 8%. The selling price is marked up to allow for overhead expenses of 15% of the cost price, and profit of 25% of the cost price. a) What was the regular selling price of the snowsuits? b) If the snowsuits are sold for a reduced price of $59, what is the profit or loss perpair? c) What is the rate of markdown of the snowsuits?You are evaluating two different cookie-baking ovens. The Pillsbury 707 costs $60,500, has a 5-year life, and has an annual OCF (after-tax) of –$10,700 per year. The Keebler CookieMunster costs $93,500, has a 7-year life, and has an annual OCF (after-tax) of –$8,700 per year. If your discount rate is 11 percent, what is each machine’s EAC? (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.) Pillsbury 707 = Cookie Monster =
- integrity inc. sells computor training packages to its business customers at a price of $91 the cost of production (in present value term) is $87, integrity sells its packages om term of net 30 and estimated that about 8% of all orders will be uncollectible an oder in for 25 units the interest rate is 0.6% per month given the above information Present value of revenue is? The expected profit from a sale is? If this is a one time Order and the sale will be made unless credit is expected the firm (should not) extend credit the break even probability of collection is ?% No suppose that if a customer pays the months bill it will place an identical order in each month indefinitely and can be safely assume to pose no risk of default in this case since the present value of the perpetuity of profit is? And the present value of sale is ? The credit should be extended the break even point probability of collection in the repeat- sales isAthletics sells bicycles for $350 less 15% during the spring sale. city cycle sells their bicycles for 325 less 7%. What additional rate is needed for the two companies to match in price given they want to sell at the lower cost? *What is the pricing equation and how is it used? If the product list price is $1000 and the retailer typically discounts the product at the end of the season by 20% on list price as an Incentive to sell the remaining 20% of the inventory to make room for next season’s products, what amount of upsell effort (Extra Fees for services) would be required all season to achieve an average Final Price paid by customers of 6% over list price over the entire season? Show your equations and calculations.
