When researching your prospective business you should focus on your product and target customers.
Answer:
A. $ 3,750,000
Explanation:
Given that
At lower price
A copy is $3
Copies sold = 1.25 million
Recall that
Total revenue = Price of good × quantity of goods sold.
That is, the total amount of money a seller obtains by selling goods or/and services to a buyer(s)
Thus
Total revenue at low cost
= 3 × 1.25 million
= 3.75 million
= $3,750,000
Answer:
Increase on cost of goods sold by $215, decrease in merchandize by $215.
Explanation:
With regards to the above information, the cost of goods sold will increase by $215, while the merchandize value would also decrease by $215.
Here, the books will be even out so that it would show there was a shrinkage at year end and beyond that which was purchased to have taken place.
There could be a lot of choices that would fill in this blank:
seasonal workers
Temporary labor
seasonal labor strategy.
Is there a list of choices?
Answer:
A. $68,200
Explanation:
Retail Cost
Beginning inventory $60,000
$120,000
Plus: Net purchases. $312,000
$480,000
Goods available for sale $372,000
$600,000
Cost to retail percentage = $372,000 ÷ $600,000 = 62%
Less : Net sales
($490,000)
Estimated ending inventory at retail
$110,000
Estimated ending inventory at cost
62% × $110,000 = $68,200
