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
bearhunter [10]
3 years ago
7

asyFind manufactures and sells golf balls. The company is conducting a price test to find a better price point. Presently their

golf balls sell for $21 per dozen. Their current volume is 4,250 dozen per month. They are considering reducing their sales price by 24% per dozen. What % increase in unit sales is necessary to achieve the same level of total contribution?
Business
1 answer:
g100num [7]3 years ago
4 0

Answer:

%variation= 31.58% increase

Explanation:

Giving the following information:

Selling price per dozen= $21

Sales in units= 4,250

They are considering reducing their sales price by 24% per dozen.

<u>First, we need to determine the actual total contribution:</u>

Total contribution= 21*4,250= $89,250

<u>Now, with the new selling price, the percentage variation in sales units</u>:

Selling price= 21*0.76= $15.96

89,250= 15.96*units

5,592= units

Percentage:

%variation= [(5,592/4,250) - 1]*100= 31.58%

You might be interested in
Describe the learned hand rule, and discuss the economic logic underlying it. do you believe the objective is being achieved?
klemol [59]
Learned Hands favored an interventionist central government economic policy. He was also influenced by the distribution of wealth. Roosevelt's radical economic reforms including the New Deal Policy. However, was vigilant on the dangers of an authoritarian government and did not agree of "packing the court".
6 0
3 years ago
Can you breifly explain why stockholders' investment and revenues increase stockholders' equity, while dividends and expenses de
Scilla [17]
From an accounting standpoint, stockholders' investment and revenues increase the assets of the company without adding to the liabilities. Therefore according to the equation (A = L + E), equity must increase.

Similarly, issuing dividends and paying expenses pays cash out of the company, which decreases assets without changing liabilities. Therefore equity must decrease.

Another way to think of it is: what contributes to the company's profit and/or value, and what decreases these things? Well, revenues and people investing in the company are good (and therefore good for stockholders), and giving cash out and paying expenses are costs to the company (and therefore decrease value for stockholders).
5 0
3 years ago
At the beginning of 20x1, Sun Angel Corporation began offering a two-year warranty on its products. The warranty program was exp
Anettt [7]

Answer:

The correct answer is 1,900,000 dollars.

Explanation:

This question requires us to calculate the amount that the Sun angel will recognize as warrantly liability in it balance sheet for the year ended at 20x1.

The sales made during the year is 180 millions dollars. So the company will recognize the provision as follow (during the year)

(180M * 4%= 7.2M)

Debit Warrantly Expense    $7.2M

Credit Liability                      $7.2M

Claim entertain during the year that has reduce the above recognize liabilty is

Debit Liabilty                    $5.3M

Credit Cash                      $5.3M

Liability to be reported = $7.2M - $5.3M = 1,900,000 dollars

6 0
4 years ago
According to the Portland Business Journal, Jim Houser, a Portland auto specialist, landed a key Small Business Administration a
mario62 [17]

Answer:

reconciliate balance $ 22,388,675‬

Explanation:

bank statement:                18,835

deposits in transit           100,740

                                 22,376,200

outstanding check

  10189                            (56,710)

  10192                            (15,365)

  10193                           (22,650)

  10194                            (12,375)

Adjusted balance:  22,388,675‬

checkbook balance: 22,385,105

      interest earned           4,020

      ATM card fees              (450)

  Adjusted balance:  22,388,675

Notes: For each statement we adjust for the unknown information.

The bank is unaware of the outstanding check and the deposit in transit.  So we adjust for these concepts.

The company has no knowledge of the ffes and interest earned until receiving the bank statement so we must adjust for that amount.

7 0
3 years ago
According to research on marital satisfaction in couples with children, the shape of the marital satisfaction curve across time
Art [367]
Increasing then decreasing.
6 0
3 years ago
Other questions:
  • How will the consultant's advice help make a change in the environment in the scenario below: A farmer has practiced burning fie
    6·1 answer
  • Why dress code important ?
    11·1 answer
  • Holmes Company produces a product that can either be sold as is or processed further. Holmes has already spent $50,000 to produc
    14·1 answer
  • Vaughn Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1,
    5·1 answer
  • When an organization selects a single, primary target market and focuses all its energies on providing a product to fit that mar
    7·1 answer
  • The Boat Works decided to go public by offering a total of 135,000 shares of common stock to the public. The company hired an un
    8·1 answer
  • Cassandra's Boutique has 2,100 shares outstanding at a market price per share of $26. Sally's has 3,000 shares outstanding at a
    12·1 answer
  • The _____ is everything outside an organization's boundaries that might affect it.
    14·1 answer
  • The aggregate demand curve is downward sloping because production costs decline as real GDP increases. is upward sloping because
    5·1 answer
  • Type the correct answer in the box. Spell all words correctly. Which view in a presentation program displays your slides in full
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!