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max2010maxim [7]
3 years ago
11

The Rejuvo Corp. manufactures granite countertop cleaner and polish. Quarterly sales Q is a random variable with a mean of 25,00

0 bottles and a standard deviation of 2,000 bottles. Variable cost is $8 per unit and fixed cost is $150,000. (a) Find the mean and standard deviation of Rejuvo’s total cost. Mean $ Standard deviation $ (b-1) If all bottles are sold, what would the selling price have to be to break even, on average? Selling price $ (b-2) If all bottles are sold, what would the selling price have to be to make a profit of $20,000? (Round your answer to 2 decimal places.) Selling price $
Business
1 answer:
Liono4ka [1.6K]3 years ago
8 0

Answer:

Mean of total cost = $350,000

Standard deviation of total cost = $16,000

Selling price of the bottle on average should be $14

The selling price of the bottle on average should be $14.8

Explanation:

Mean of total cost =((Mean of bottle × Variable cost per unit) + Fixed cost

Mean of total cost = 25,000 × $8 per unit + $150,000

= $200,000 + $150,000

= $350,000

Standard deviation of total cost = Standard deviation × Variable cost per unit

= 2,000 × $8

= $16,000

b-1  The break even Total revenue - Total cost = 0    

So, we have given equation

25,000 × P - $350,000 = 0

25,000P = $350,000

P = $350,000 ÷ 25,000

= $14

b-2 For making profit of $20,000, the equation

Total revenue - Total cost = $20,000

25,000 × P - $350,000 = 20,000

25,000P = 20,000 + $350,000

25,000P = $370,000

P = $370,000 ÷ 25,000

= $14.8

The selling price of the bottle on average should be $14.8

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Answer:

c. Erie s ROE will remain the same

Explanation:

As the return on asset is calcualte using the asset figure it will not change with a financial leverage measurement.

As the financial leverage acts in the composition of other side of the accounting (assets = liabilitis + equity) it will change the return on equity, the debt ratio and other metric related to this side but, not the return on assets.

8 0
3 years ago
Each of the following situations is independent. Work out your own solution to each situation, and then check it against the sol
saw5 [17]

Morgan will get $1600 with the process of simple interest.

<h3>what is simple interest?</h3>

Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.

Rate of interest = 12%

principal = $1000

Time = 5 years

Simple interest

=\frac{1000 \times 5 \times 12}{100}\\=600

Now amount = 1000+600 = 1600.

Therefore, Morgan will get $1600.

To learn more about simple interest from the given link

brainly.com/question/25793394

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8 0
2 years ago
According to the rational rule for sellers, this company should produce ____ of output and charge a price of _____.
hoa [83]

Answer: two units; $450

Explanation:

7 0
2 years ago
Discuss ten (10) different purposes of an evaluation of salesperson performance and how each purpose affects the performance eva
ololo11 [35]

Answer:

1. To ensure that compensation and other reward disbursements are consistent with actual performance

2. To identify salespersons who needs to be promoted

3. To identify salespersons who should be fired/terminated

4. To determine the specific training and counseling needs of individual

5. To provide information for effective human resource (Succession) planning

6. To identify criteria that can be used to recruit and select salespersons in the future

7. To advise salespersons of work expectations

8. To motivate salespersons

9. To help salespersons set their career goals

10. To enhance effective communications between salesperson and sales manager

Explanation:

How each purpose affects the performance evaluation process

1. To ensure that compensation and other reward disbursements are consistent with actual performance

Compensation and rewards affects the performance and it should be on the merit.

2. To identify salespersons who needs to be promoted

Promotion shall be given on the basis of evaluation

3. To identify salespersons who should be fired/terminated

Termination should be on the basis of performance evaluation

4. To determine the specific training and counseling needs of individual

Training shall be provided on the basis of evaluation

5. To provide information for effective human resource (Succession) planning

Succession planning should be on the basis of performance evaluation so that the exceptional performers must be retained,

6. To identify criteria that can be used to recruit and select salespersons in the future

It helps in understanding the factors that will be useful to recruit and select salespersons

7. To advise salespersons of work expectations

On the basis of evaluation, it will be decided to communicate the work expectations

8. To motivate salespersons

It will help in understanding the factors which motivate the salespersons

9. To help salespersons set their career goals

Salespersons will understand about their future and set their career goals.

10. To enhance effective communications between salesperson and sales manager

It will help to communicate effectively about the expectations of  salesperson and sales manager  and better coordination

7 0
3 years ago
Sapien Corporation has provided the following data for the most recent year: Sales $1,340,000 Gross margin $460,000 Net operatin
natima [27]

Answer:

Option (d) is correct.

Explanation:

Given that,

Sales = $1,340,000

Gross margin = $460,000

Net operating income = $54,846

Net income before taxes = $41,846

Net income = $27,200

Gross margin percentage is calculated by dividing the gross margin with sales.

Gross margin percentage:

= (Gross margin ÷ Sales ) × 100

= (460,000 ÷ 13,40,000)  × 100

= 34.3 % (Approx)

5 0
3 years ago
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