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garik1379 [7]
3 years ago
9

Hayduke Corporation reported the following results from the sale of 5,000 units in May: sales $300,000, variable costs $180,000,

fixed costs $90,000, and net income $30,000. Assume that Hayduke increases the selling price by 5% on June 1. How many units will have to be sold in June to maintain the same level of net income?
Business
1 answer:
dsp733 years ago
4 0

Answer:

4,444.44 units

Explanation:

For the computation of Number of units to be sold to earn target profit first we need to follow some steps which are shown below:-

Selling price per unit = Sales ÷ Number of units sold

= $300,000 ÷ 5,000

= $60

Variable cost per unit = Total variable cost ÷ Number of units sold

= $180,000 ÷ 5,000

= $36

Increase in selling price = $60 × 5%

= $3

New selling price per unit = $60 + $3

= $63

New contribution margin per unit = New selling price per unit - Variable cost per unit

= $63 - $36

= $27

Number of units to be sold to earn target profit = (Fixed cost + Target profit) ÷ Contribution margin per unit

= ($90,000 + $30,000) ÷ $27

= $120,000 ÷ $27

= 4,444.44 units

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Elise's health insurance policy has a deductible of $500, a $20 copayment on doctor visits, and coinsurance of 10% on all expens
jeyben [28]

Answer:

The correct option is (c).

With the higher deductible, she would have spent at least $300 more than she paid with her actual policy

Explanation:

For her actual policy total expenses;

Deductible =$500

Copayment doctor visit= $20

Coinsurance of 10%= 10/100 ×500=$50

Doctor visit= $40 × 4= $160

Surgery= $3000

Total expenses= $3730

With the higher deductible expenses;

Deductible= $1000

Copayment doctor visit= $10

Doctor visit= $40×4= $160

Surgery= $3000

Total expenses= $4170

Difference in expenses= $4170-$3730= $440

Therefore option (c) is the right option.

With the higher deductible, she would have spent at least $300 more than she paid with her actual policy

3 0
3 years ago
A small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh
nasty-shy [4]

Answer:

(a)The implied cost of shortage per quart is = $4.75

(b) This could be viewed as reasonable figure, because is (approximately) equal to the loss per quart of strawberry.

Explanation:

Solution

Given that:

Mean =μ = 40

Standard deviation =σ = 6

Excess cost= Ce =$0.35

The amount ordered =S₀= 49

Thus

Z =(49 -40)/6

=1.5

Now

From the Table Z, we have the service level which is,

P(X <49 ) = P(Z < 1.5)

= 0.9332

Since we know that,

Service level (SL) =Cs/Cs+Ce

So,

0,9332 =Cs/Cs+0.35

Thus

0.9332Cs + 0.35* 0.9332 =Cs

0.0668Cs =0.32662

Hence

Cs = $4.75

(a) The implied cost of shortage per quart is = $4.75

(b) Therefore,this could be regarded as reasonable figure, because is (approximately) equal to the loss per quart of strawberry.

5 0
2 years ago
Select a large U.S. public corporation you are familiar with or which interests you. It should be on the Fortune 500 list. Using
vazorg [7]

Answer:

Consider the following answers

Explanation:

Solution. (1) The name of a large U.S. public corporation is Walmart - Stores

(2) Website.

(3) A short profile of the Walmart coperation is given below: American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporatedon October 31, 1969. It also owns and operates Sam's Club retail warehouses. As of January 31, 2018, Walmart has 11,718 stores and clubs in 28 countries, operating under 59 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, as Asda in the United Kingdom, as the Seiyu Group in Japan, and as Best Price in India. It has wholly owned operations in Argentina, Chile, Brazil, and Canada.

(4) The fiscal year end date of the annual report you used is 2017

(5) Total assets on the balance sheet are $198,825 millions

(6) Total revenues on the recent income statement is $485,873 millions

(7) Net income on the income statement is $ 13,643 millions

(8) The basic earnings per share reported on the recent income statement is $4.38

(9) The depreciation method used by the corporation is  straight-line method

(10) The inventory method used by the walamrt is first-in, first-out (“FIFO”) method.

(11) There is only one class of stock i.e common stock)

the number of shares outstanding - 3.05

3 0
2 years ago
When automakers offer special price reductions on all their automobiles during holiday shopping seasons, they are using the ____
ICE Princess25 [194]
Discount pricing strategy
7 0
2 years ago
While other suppliers bidding for the contract brought bids with lower per unit costs, Orchard wanted to take delivery based on
Daniel [21]

Answer:

The correct answer is A) top quality.

Explanation:

There are generally two sales approaches: the first, product-oriented. This takes into account its own characteristics in terms of presentation, quality and utility; and the second, people-oriented, where the real needs of the consumer are studied to determine how he uses the good in order to orient himself towards satisfying a need.

The example clearly shows that the orientation with minimum unit costs was mainly focused on the client, so that the first impression is that of a lower price to motivate their purchase decision. For his part, Orchard clearly shows a product orientation, because he tries to offer quality by sacrificing other variables to supply a need.

6 0
3 years ago
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