Answer and Explanation:
The computation of projected sales for 2019 by quarter and in total is shown below:-
Base sale amount Increase sale Quarter of projected
percentage sales
Quarter 1 $20,000
Quarter 2 $20,000 5% $21,000
Quarter 3 $21,000 5% $22,050
Quarter 4 $22,050 5% $23,152.5
Total $86,202.5
Here, we have increased 5% every quarter to reach quarter of projected sales.
The computation of XCs to be produce is shown below:-
Budgeted XCs to be produced + Desired ending inventory Available - opening finished inventory
= 1,400 + (900 × 60%) - 300
= 1,400 + 540 - 300
= 1,940 - 300
= 1,640
With a variety of different brands, Marriott needs a clear ________ strategy to help provide customers with accommodations that best meet their needs.
According to the given question, Marriott needs a strategy that would best help her provide her customers with accommodation based on their different needs.
The best type of strategy that Marriott needs to undertake would be a marketing strategy.
This is because, when she starts to market to her customers, then she would be able to know their various needs and serve them based on those needs.
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Therefore, the correct answer is marketing
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Answer:
The break-even point measured in sales dollars is $8
The shift to steam power contributed to the growth of cities in many way. Firstly, it provides a continuous source of power to industries, which leads to high level of productivity. The availability of jobs in the industries makes the people in the rural areas to migrate to the cities in search of greener pastures. Steam power also created a new and efficient means of transportation which make it possible to move people and goods over long distances in record time.
Answer:
Gross Margin Ratio = 0.240799 or 24.0799%
Explanation:
Gross profit margin ratio or gross margin ratio is a financial ratio that expresses the gross profit of a company as a percentage of its total revenue. The gross profit is the difference between the total revenue and the cost of goods sold. The gross margin ratio can be calculated as follows,
Gross Margin Ratio = Gross Profit / Total Revenue
Gross Margin Ratio = 83750 / 347800
Gross Margin Ratio = 0.240799 or 24.0799%
