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Dovator [93]
3 years ago
6

The management accountant at Jang Manufacturing Co. collected the following data in preparation for a life-cycle analysis on one

of its products, a leaf blower: The stage of the sales life cycle the product is in is:
Business
1 answer:
crimeas [40]3 years ago
8 0

Complete Question:

The management accountant at Jang Manufacturing Co. collected the following data in preparation for a life-cycle analysis on one of its products, a leaf blower: Item This Year Change Over Last Year Average Annual Change Over the Last Four Years Annual sales $3,200,000 -2.4% +3.5% Unit sales price 500 -2.1% +3.3% Unit profit 100 -10.0% +2.0% Total profit 700,000 -1.2% +3.0% The stage of the sales life cycle the product is in is:

Answer:

Jang Manufacturing Co.

The stage of the sales life cycle the product is in is:

The introduction stage.

Explanation:

a) Life-Cycle Analysis of the Leaf Blower:

Item                                This Year Change   Average Annual Change

                                         Over Last Year       Over the Last Four Years

Annual sales $3,200,000    -2.4%                          +3.5%

Unit sales price         500     -2.1%                          +3.3%

Unit profit                   100   -10.0%                          +2.0%

Total profit         700,000     -1.2%                          +3.0%

b) The sales life cycle is a series of sales steps that the seller takes in order to convert a customer to make a buying decision.  It starts with the introduction stage when the seller creates customer awareness.  At this stage of the sales life cycle, the product can be likened to a potential STAR.  Like Stars with potential, the initial sales efforts can eventually  grow to become successful customer closes.

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Bramble Corp. reported net sales of $248,700, cost of goods sold of $146,900, operating expenses of $58,000, net income of $39,9
juin [17]

Answer:

profit margin is 16.0 %

gross profit rate  is 39.6 %

Explanation:

given data

net sales = $248,700

cost of goods sold = $146,900

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net income = $39,900

beginning total assets = $473,900

ending total assets of $635,400

to find out

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solution

we will apply here profit margin formula that is

profit margin = \frac{net income}{sale} * 100      ..............1

put here value

profit margin = \frac{39900}{248700} * 100  

profit margin = 16.04 = 16.0 %

and

gross profit rate formula is

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put here value

gross profit rate  = \frac{245700 - 146900}{248700} * 100

gross profit rate   is 39.72 = 39.6 %

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3 years ago
When the allowance method of recognizing uncollectible accounts is used, the entries at the time of collection of a small accoun
slavikrds [6]

The allowance method of recognizing uncollectible accounts used is one where there is no effect on net income.

<h3>What is the allowance method?</h3>

This is known as a method that entails the use of or the act of setting aside a kind of reserve for bad debts that are seen or foretell to take place in the future.

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       Simple Interest: What Is It?

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A rule that allows financial institutions to calculate simple interest using 360 days in a year is called the
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