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4 years ago

A value-based pricing strategy most likely begins with ________.

1 answer:

7 0

A value-based pricing strategy most likely begins with looking at their customers needs.

When you have a value-based pricing strategy, you are determining price based on the value you think your good or service will be valued at to the customer. Retailers can generally sell their items for more than cost of the product if the value is perceived by the customer to be high.

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During FY 2016, Bravo Company sold 16,000 units for $84,000. Bravo had $2.75 variable costs per unit sold. Bravo also reported $

Scilla [17]

Answer:

1.- CM 13.25

2.- BEP units 2114 (round to the next higher whole number)

3.- BEP dollars $33,811.32 (nearest cent)

Explanation:

$Sales \: Revenue - Variable \: Cost = Contribution \: Margin$

16 - 2.75 = 13.25

$\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}$

28,000/13.25 = 2113.2075

$\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}$

$\frac{Contribution Margin}{Sales Revenue} = $Contribution Margin Ratio$

13.25/16 = 0.828125

28,000/0.828125 = 33811.32

8 0

4 years ago

What does a fractional reserve banking system mean?

Roman55 [17]

Fractional reserve banking is the practice where a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities.

3 0

3 years ago

Read 2 more answers

How does understanding individual behaviour help authentic leaders overcome challenges in organisations? Provide an example in y

sergiy2304 [10]

Answer:

To understand the behavior and skill set of the individual

Explanation:

Understanding individual behaviour helps leaders to understand how these people can be useful in contributing to the growth of the team and organization.

It also helps leader to understand the interpersonal skills of an individual being so that there are no issues due to the behavioral aspect with in the team.

3 0

3 years ago

John pays $35 to have quick oil and filter change his car's oil every few months. he could change his own oil, but the time that

Oliga [24]

Opportunity cost would be the answer.

7 0

3 years ago

Read 2 more answers

Which item are mis-categorized balance sheet?

ivann1987 [24]

Answer:

B and C are mis-categorized balance sheet.

Explanation:

A. Accounts Payable: Accounts payable refers to amounts that are due to be paid by a company to vendors or suppliers of goods or services received without making payments yet. This is a liability item and the categorization is correct.

B. Prepaid expenses: These are advanced payments made by a company for commodities yet to receive. This is an asset item and the categorization is not correct.

C. Accounts Receivable: These refers to amounts that are owed to a company by its debtors for goods or services supplied to them for which they are yet to pay for. This is an asset item and the categorization is not correct.

D. Accrued expenses: These refers to expenses that have been incurred by a company but which the company is yet to pay for. This is a liability item and the categorization is correct.

E. Unearned revenue: This refers to advanced payment received by a company in respect of goods it is yet to deliver or services it is yet to render. This is a liability item and the categorization is correct.

F. Long-term debt: This refers to the amount of of outstanding debt of business with a maturity of 12 months or longer. This is a liability item and the categorization is correct.

Conclusion

Only B and C are mis-categorized balance sheet. The reason is that they are both asset items, current assets to be specific, not liability items.

6 0

3 years ago