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Burka [1]
4 years ago
13

You work for a fabric company that sources unique materials from around the world. In the past, you have focused solely on the b

usiness of supplying fashion designers with fabric they make into dresses. However, you've recently recognized an opportunity to expand the business by supplying stores like Jo-Ann Fabrics that sell sewing and craft goods to consumers who sew at home.
If you pursue this opportunity, in which direction would your company be expanding?
a. From one reseller market to another.
b. From a commercial market into a reseller market.
c. From a materials market to a reseller market.
d. From a business market to a consumer market.
e. From a fabric market into a home goods market.
Business
1 answer:
Kay [80]4 years ago
5 0

Answer:

b. From a commercial market into a reseller market.

Explanation:

It is a commercial marketing following the fact that the marketing organization defines success primarily in terms of financial gain.

This financial gain is the same reason for expansion.

Supplying to other stores who will in turn sell to others makes it a reseller market.

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Hordel Company needs to determine a markup for a new product. Hordel expects to sell 5,000 units and wants a target profit of $8
tigry1 [53]

Answer:

96.60%

Explanation:

Total Variable Cost = Variable product cost + Variable administrative cost per unit

                                = (5,000 × $79 per unit) + (5,000 × $21 per unit)

                                = $395,000 + $105,000

                                = $500,000

Total Fixed Cost = Total fixed overhead + Total fixed Administrative Cost

                            = $42,000 + $31,000

                            = $73,000

Total fixed cost per unit = $73,000 ÷ 5,000

                                        = 14.6

Total Cost = Total Variable Cost + Total Fixed Cost

                 = $500,000 + $73,000

                 = $573,000

Target profit = 5,000 × $82

                     = $410,000

Desired Selling Price = Total cost + Target profit

                                   = $573,000 + $410,000

                                   = $983,000

Desired Selling Price per unit = $983,000 ÷ 5,000

                                                 = $196.6

Therefore,

Mark up percentage on Variable Cost :

= (Desired Selling Price per unit – Variable Cost per unit) ÷ (Variable Cost per unit) × 100

= [(196.60 – 100) ÷  (100)] × 100

= 96.60%

3 0
3 years ago
Category of cost not associated from the extension of credit and accounts receivable is
creativ13 [48]

Answer:

A.Capital costs

Explanation:

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3 0
4 years ago
Which of these an example of something restitution would likely be required
vazorg [7]

Answer:

A $200 ticket

Explanation:

The term "restitution" is used when returning a lost or stolen item back to its rightful owner.

Analyzing the given options:

Hospital Bill, Lawyer's Fee and Filing Fee are fees paid in exchange for the service of the hospital, lawyer or agent, as the case may be.

Same can't be said of A $200 ticket

A $200 ticket can be misplaced its owner or stolen. Comparing this analysis with the highlighted definition of restitution, we can conclude that option (D) answers the question correctly.

8 0
4 years ago
Winsor Clothing Store had a balance in the Accounts Receivable account of $760,000 at the beginning of the year and a balance of
natulia [17]

Answer:

The correct answer is 40.6 days. None of the options is correct.

Explanation:

The average collection period of the accounts receivable is how long it takes the company to collect its accounts receivable. It is expressed as: (Average accounts receivable / Net credit sales) x 365 days.

Average collection period = [($760,000 + $840,000)/2 / $7,200,000] x 365 days =  40.6 days

This means it takes the company 40.6 days to collect its accounts receivable.

5 0
3 years ago
Different countries have had success reducing population growth by leveraging unique aspects of their particular culture. Identi
Eduardwww [97]

Answer:

China-Legislating number of children

Thailand-Contraceptive available

Kerala, India-Many educational opportunities for women

Explanation:

Some countries with increasing population problems recur to laws in order to reduce it. China's example was a tax law. If you have more than two kids , your tax were higher.

7 0
3 years ago
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