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3 years ago

How are sure foot's shoes seen by most of its target market??

1 answer:

6 0

By its target market, Foot's shoes seen as : Heterogeneous shopping products.
The company's product has a unique product that differentiate the product with others.
This will make the product very hard to substitute

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Sunland Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning

pantera1 [17]

Answer:

Sunland Co.

The calculation of the cost ratio should be based on cost and retail of $1,581,000 and $2,288,500 respectively.

Explanation:

a) Data and Calculations:

Cost Retail Cost to Retail Ratio

Beginning inventory $ 318,000 $494,000

Purchases 1,240,000 1,720,000

Freight-in 23,000 —

Employee discounts — 8,500

Net markups — 66,000

Goods available for sale $1,581,000 $2,288,500 69.08%

Less:

Net markdowns — 86,000

Sales revenue — 1,620,000

Estimated ending Inventory at retail $582,500

Estimated ending Inventory

at cost $402,391 ($582,500 * 69.08%)

Calculation of the cost ratio = $1,581,000/$2,288,500 * 100 = 69.08%

3 0

2 years ago

A firm selling televisions knows from marketing research that when consumers in developing countries reach on average a yearly i

yulyashka [42]

Answer:

That low income can be enough because of either one of these two reasons (or the two at the sime time):

A high proportion of subsidized good for low-income earners in developing countries: a consumer making $1,000 per year on average could benefit from subsidized food, housing, healthcare, and even transportation, allowing this person to devote most of his income to other expenses.
Cheap credit available: this same person could not have enough money to pay for the television in cash, but could easily obtain a credit with low interest rates, and long-term payments.

5 0

3 years ago

Which of the

Over [174]

Answer:

B...................................

7 0

2 years ago

Read 2 more answers

Cyber Security Systems had sales of 4,600 units at $65 per unit last year. The marketing manager projects a 30 percent increase

scoray [572]

Answer:

Net dollar sales projection for this year = 516,971.00

Explanation:

Projected sales volume

130%× 4,600= 5,980units

Project selling price

=140% × $65

= $91

Total sales value

= $91 × 5980units

= $ 544,180.00

Net dollar sales projection

= Total sales value - Returned merchandise

= 544,180.00 - (5% × 544,180.00 )

= $ 516,971.00

Net dollar sales projection for this year = 516,971.00

3 0

3 years ago

Walker Telecommunications has a quick ratio of 2.00x, $35,550 in cash, $19,750 in accounts receivable, some inventory, total cur

Oduvanchick [21]

Answer:

Option C: 8.44 times

Explanation:

Quick ratio(also called as acid test ratio) is the indicator of a company's liquidity position at a very short period which only considers the most liquid assets and ignores Inventory & other assets which cannot be realised immediately.

As we know that Quick Ratio = [Current Assets - Inventory - Prepaid Assets] / Current Liabilities

2.00 = $79,000 - Inventory - 0] / $27,650

=> Inventory = $23,700‬

Inventory turnover ratio gives us the number of times the company sells and replaces its inventory during the period.

Annual Sales = $200,000

Inventory Turnover Ratio = Sales / Average Inventory

=> $200,000 / $23,700 => 8.44 times

8 0

3 years ago