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2 years ago

Drill Problem 8-9 (Static) [LU 8-2 (3)]

Business

1 answer:

shepuryov [24]2 years ago

7 0

The selling price of a complete set of pots and pans at Walmart $ 110.8.

The selling price according to unit method to find the price per unit from the profits announcement, divide sales with the aid of the number of units or amount offered to perceive the charge in keeping with unit

It has to allow a commercial enterprise to pay all of the costs of the product, pay operating charges, and gain earnings. clients depend upon selling prices to evaluate merchandise and to decide how to allocate their money. businesses depend upon selling rates to determine earnings from income and to acquire organizational goals.

We have a selling price = cost + Dollar markup

Here, 40% of the markup

So, let the selling price is X

Then,

S = 66.5 + 0.45

∴ S = 66.5 / 1.04

= $ 110.8

So, the selling price of a complete set is $ 110.83.

Learn more about the selling price here:-brainly.com/question/1153322

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Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows.

pav-90 [236]

Answer:

22A = 19.98 %

Explanation:

the internal rate of return for each project.

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3 years ago

Now, suppose that, rather than immediately lending out all excess reserves, banks begin holding some excess reserves due to unce

Reika [66]

Answer:

To fall to 4/ to buy $100.00, $50.00

Explanation:

Some Unpredictable economic problems causes banks to hold some excess reserves, thereby increasing the percentage of minimum deposits held as reserves from 10% to 25% and the reserve ratio will increase from 1/10 to 1/4. The multiplier drops from 10 to 4 , the fraction of the new reserve ratio will be (1/4).

An additional reserves holding by the bank, the Federal government have no option than to buy more bonds in order to increase the money supply by a given amount. An open - market buys bonds worth $50(instead of $20) is now needed to increase the money supply by $200. When the Federal government buys $50 in government bonds, checkable deposits and bank reserve will rise to $50.

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4 years ago

Read 2 more answers

A firm spends a great deal of money in advertising to inform consumers of the brand name of its mushrooms. Should consumers conc

djyliett [7]

Answer: B. Yes. Branding allows the mushrooms to be easily identified in the future. Thus, if they were of inferior quality, the company would lose customers and go out of business over time.

Explanation:

Branding is a way of making sure that your product is easily identifiable over other products.

When a company brands it's goods, they are trying to create Brand Awareness and this usually happens when a company plans to stay in a business for a while and indeed with the way the Firm is spending a lot of money on Advertising, one can surmise that they do indeed plan to stay in the business because they have spent a lot.

It would therefore make little to no sense on their part to spend such huge amounts of money to build their brand if their products will be of low quality. The mushrooms have to be of high quality so that people may associate their brand with High Quality.

7 0

3 years ago

Allure Company manufactures and distributes two products, M and XY. Overhead costs are currently allocated using the number of u

Crazy boy [7]

Answer:

Results are below.

Explanation:

First, we need to calculate the allocation rates:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Production setups= (73,000 / 30)= $2,433.33 per setup

Material handling= (49,000 / 91)= $538.46 per number of part

Packaging costs= (246,000 / 156,000)= $1.58 per unit

Now, we need to allocate costs to Product XY:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Production setups= 2,433.33*18= 43,799.94

Material handling= 538.46*23= 12,384.58

Packaging costs= 1.58*60,000= $94,800

Total allocated costs= $150,984.52

Finally, per unit basis:

Unitary cost= 150,984.52 /60,000= $0.27

8 0

3 years ago

Consider the following: Lumber Revenues, $120,000; Hardware Revenues, $90,000; Cost of Sales, $130,000; All other costs and expe

ANEK [815]

Answer:

19.05%

Explanation:

Data provided in the question:

Lumber Revenues = $120,000

Hardware Revenues = $90,000

Cost of Sales = $130,000

All other costs and expenses = $35,000

Investment Income = $8,000

Income Tax Expense = $13,000

Net Income = $40,000

Now,

The net profit margin = [( Net income) ÷ (Total revenue ) ] × 100%

The net profit margin = [ $40,000 ÷ ( $120,000 + $90,000 ) ] × 100%

The net profit margin = [ $40,000 ÷ $210,000 ] × 100%

The net profit margin = 0.1905 × 100%

The net profit margin = 19.05%

5 0

3 years ago