Answer:
The package of shoes and carryalls based on the sales mix expected for the coming year is:
= 4:1
Explanation:
a) This means for every 4 shoes, there is 1 carryall.
b) Data:
Company-wide Fixed costs = $91,500
Unit price of a pair of shoes = $60
The variable cost = $21
This gives a contribution to the fixed cost = $39 ($60 - $21) per unit
Unit price of carryalls = $36
The variable of carryalls = $9
This gives a contribution to the fixed cost = $27 ($36 - $9) per unit
Estimated quantity of pairs of shoes to be sold next year = 3,500
Estimated quantity of carryalls to be sold next year = 875
The ratio of shoes to carryalls = 3,500:875
= 3,500/875
= 4:1
The sales mix for Chillmax Company refers to the proportion of the company's total sales for each type of product sold (pairs of shoes and carryalls).
Answer:
the cash that should be freed up is $267
Explanation:
The computation of the cash that would be freed up is shown below:
As we know that
The inventory turnover is
= Cost of goods sold ÷ average inventory
12 = $14,800 ÷ average inventory
So, the average inventory is 1,233
Now the cash that should be freed up is
= 1,500 - 1,233
= $267
hence, the cash that should be freed up is $267
<span>Jeb was defining segments using DEMOGRAPHIC considerations.
There are 4 types of segmentation.
1) Geographic
2) Demographic
3) Psychographic
4) Behavioral
Demographic segmentation considers who the customers are. Data that are required to be collected to know who the customers are 1) age, 2) gender, 3) income, 4) social class, 5) religion, and 6) race or family life cycle.
People who want high quality car are usually big income earners. People who wants low-priced cars are usually small income earners or even students who just got their drivers license.
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Both external and internal customers help in the profitability and growth of an organization in a direct or indirect manner.
An external customer is someone who decides to spend money with a company because they enjoy the product or service. A business would not be in business without the support of the customer. These people are the reasons the business is successful and profitable. An internal customer is anyone within the organization that uses the good or service.
