1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
swat32
3 years ago
8

Sheena, marketing manager for Yaard-Vark Lawn Tractors, is interested in the relationship between the prices of lawn tractors an

d the level of sales. To test whether increasing prices will lead to a change in sales and, if so, how much of a change, she should use ________ research.
Business
1 answer:
AlekseyPX3 years ago
4 0

Answer:

Exploratory

Explanation:

Sheena, marketing manager for Yaard-Vark Lawn Tractors, is interested in the relationship between the prices of lawn tractors and the level of sales. To test whether increasing prices will lead to a change in sales and, if so, how much of a change, she should use exploratory research.

Exploratory research is the kind of research where an unknown phenomenon is worked upon. In this case, Sheena does not know the effects of prices on sales. Therefore she carries out exploratory research to fill in the blanks.

You might be interested in
Flannigan Company manufactures and sells a single product that sells for $450 per unit; variable costs are $270. Annual fixed co
uysha [10]

Answer: The company's current sales is 9,333 units.

It has to sell a total of 10,695 units in order to achieve a target pre tax income of $1,125,000.

First we calculate the number of units sold at the current sales level.

We compute this as:

\frac{Sales}{Price per unit} = \frac{4,200,000}{450}  = 93333.33 units

Next we find the contribution margin per unit.

Contribution margin per unit =  Selling Price - Variable Cost

Contribution margin per unit =  450 - 270

Contribution Margin per unit is <u>$180.</u>

Flannigan Company's current per-tax income is calculated as :

Sales                                                                    4200000


less:Variable costs @ $270  for 9333.33 units           -2520000


Contribution                                                            1680000


less:Fixed Costs                                                            -800000


Pre tax income                                                     880000


With this information, we can calculate the Contribution Margin required if the pre tax income should be $1,125,000. We work backwards in order to find the Contribution Margin from Pre-tax income.

Targeted Pre Tax income                                $1,125,000

Add: Fixed Costs                                              $  800,000

Contribution Margin                                         $1,925,000

Since we know the per unit contribution, we can calculate the number of units to be sold as:

Targeted sales in units = \frac{New contribution margin}{Contribution per unit}

Targeted sales in units = \frac{1,925,000}{180} = 10,694.44

Since products can't be sold in parts, any decimal value after a whole number will be rounded up. Hence the targeted sales will be 10,695 units.


7 0
3 years ago
Read 2 more answers
On October 1st, a company received $30,000 in cash and a building worth $200,000, and in return, issued common stock to an inves
Lilit [14]

Answer:

1. Journal:

October 1:

Debit Cash $30,000

Debit Building $200,000

Credit Common Stock $230,000

To record the receipt of cash and building for common stock.

2. T-accounts:

Cash Account

Date  Description            Debit       Credit        Balance

Oct. 1 Common Stock  $30,000                      $30,000

Building Account

Oct. 1 Common Stock  $200,000                  $200,000

Common Stock

Oct. 1 Cash                                    $30,000     $30,000

Oct. 1 Building                            $200,000   $200,000

Explanation:

Journal entries show the accounts to be debited and credited respectively.  They are the initial records of a business transaction.  They can be used to post any transaction, make adjustments to the accounts, and close the accounts at the end of the accounting period.

7 0
3 years ago
Moving between two points on a ppf, a country gains 8 desktop computers and forgoes 4 laptop computers. the opportunity cost of
kicyunya [14]

The opportunity cost of 1 desktop computer is 1/2 of a laptop. The opportunity cost is the amount of time and money spent learning value  that could have been used elsewhere.

A farmer decides to plant wheat; the opportunity cost is the value of planting a different crop or using the resources in another way (land and farm equipment). Instead of driving to work, a commuter takes the train.

When considering multiple investments or business avenues, opportunity cost is the potential gain lost by choosing a different course of action. The value of what you lose when you choose between two or more alternatives is known as opportunity cost.

To learn more about opportunity cost, click here.

brainly.com/question/13036997

#SPJ4

7 0
2 years ago
National Storage issued $90 million of its 10% bonds on April 1, 2018, at 99 plus accrued interest. The bonds are dated January
Ahat [919]

Answer:

The total amount of cash  received is $91,350,000

Explanation:

The amount of cash proceeds realized from the bond issuance is the 99% of face value of $90 million plus the coupon interest due from January 2018(date of the bond) to April 1 ,2018(the date of bond issuance),that is three months of coupon interest payment.

The bond proceeds is computed as below:

Discounted bond price 99%*$90,000,000            =$ 89,100,000

Three months of interest 10%*$90,000,000*3/12   =$2,250,000

Total amount received from bond issue                    $91,350,000

3 0
3 years ago
Without specifics, a goal isn't very_____.<br><br> motivating<br> accurate<br> needed<br> useful
Vlad1618 [11]
Accurate. PLEASE GIVE ME BRAINIEST
6 0
3 years ago
Other questions:
  • Gen-Fast Shoes wants to expand internationally and is deciding if its line of tennis shoes can be sold at a high price in Europe
    9·1 answer
  • What is the advantage to spending less money than is earned?
    5·2 answers
  • Which does not motivate entrepreneurs?<br>A. profit<br>B. freedom<br>C. innovaton<br>D. security
    15·2 answers
  • Accounting Fundamentals of Healthcare ManagementWorking capital techniques focus specifically on what aspects of an organization
    14·1 answer
  • A watch manufacturing company has priced its goods at a rate which is higher than what other companies offer. the watches made b
    8·2 answers
  • Matt, the sole shareholder of Pastel Corporation (a C corporation), has the corporation pay him a salary of $600,000 in the curr
    11·1 answer
  • Identify the following costs as fixed or variable:
    11·1 answer
  • Luebke Incorporated has provided the following data for the month of November. The balance in the Finished Goods inventory accou
    9·1 answer
  • A positive consequence of organizational distress may take the form of: a. functional turnover. b. absenteeism. c. employee work
    6·1 answer
  • When and under which Act citizen investment trust was established ?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!