Answer:
70.3%
Explanation:
Current period cost-to-retail percentage is:
- Beginning inventory $70,000 $107,000
- Plus: Net Purchases $302,290 $450,000
- Plus: Net markups $23,000
- Less: Net markdowns ($43,000)
Goods available for sale (excluding beginning inv.) $302,290 $430,000
Goods available for sale (including beginning inv.) $372,290 $537,000
Cost-to-retail percentage = $302,290 / $430,000 = 70.3%
Answer:
CLV = [(GC * r) / (1 + i - r)] - AC]
Explanation:
CLV is the customer lifetime value which is the calculation of net profit during the tenure of relationship with the clients and customers.
The formula for CLV calculation is :
CLV = [(GC * r) / (1 + i - r)] - AC]
Where,
GC is annual gross contribution,
r is retention rate of customers
i is discount rate
AC is Acquisition cost
Answer:
company's product line in the dog food market
Explanation:
In the description provided, it can be said that Prime Cuts will be an addition to the company's product line in the dog food market. A product line is a group of related products all marketed under a single brand name and are sold by the same company to the same targeted group of consumers. Such as in this scenario, all of the products listed are dog treats/food with different ingredients and are all sold by the same company to people looking for dog food.
Answer and Explanation:
The Journal entry is shown below:-
1. Cash Dr, $27,300
(1,300 × $21)
To Common Stock $1,300
To Paid in capital in excess of par-Common Stock $26,000
(Being issue of common stock is recorded)
2.Treasury stock Dr, $5,000
(250 × $20)
To Cash $5,000
(Being repurchase of treasury stock is recorded)
3. Cash Dr, $6,750
(250 × $27)
To Treasury stock $5,000
(250 × $20)
To Paid in capital-Treasury stock $1,750
(Being reissue of treasury stock is recorded)
The problem is
missing some parts but nevertheless here is the solution:
Given:
Mean is 28
Standard deviation is 5
So we denote the problem as x <= 2
For X ~ N (28, 5^2)
we are looking for the percentage:
P{X>24} = P {Z>z}
Where z = (24-28)/5 =
4/5 = - 0.80.
P {Z> -0.80} = 1 - P{Z< -0.80} = 1 - 0.2119.
Or in percentage, it is replaced as P{Z< -0.80} = 0.2119,
21.19%.
