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Dmitrij [34]
3 years ago
5

Snyder, Inc. manufactures three types of golf balls; the Worm-burner, the Escalator, and the Slice. Over the past year, variable

expenses (related to sales price) have been 32%, 40%, and 20%, respectively. Sales prices per 6-pack have been $20, $25, and $30, respectively and sales by golf ball (as a percentage of total sales) have been 40%, 30%, and 40%.
Which of the following is the best description of the sales mix?

Select one:

a. The three types of golf balls sold by Snyder, Inc.

b. The relationship of variable expenses to sales price

c. The sales price per 6-pack

d. Sales by golf ball type as a percentage of total sales
Business
2 answers:
jolli1 [7]3 years ago
7 0

Answer:

D

Explanation:

Sales mix is a ratio of products sold. In this case, sales by golf ball type as a percentage of total sales is the sales mix as it shows the ratio of product sold.

marishachu [46]3 years ago
4 0

Answer:

Sales mix shows the dynamic nature of the relationship between our various product items, their respective sales volume and how these influence our profitability as. a business.

Synder Inc is showing this relationship by the 3 kinds of balls they manufacture.

There is the mix in relation to sales and also to profitability.

However going by the options provided in the question, the best descriptor would be:

D. Sales by Golf ball type as a percentage of total sales

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Electronic Superstore's inventory increases during the year by $3.8 million, and its accounts payable to suppliers increases by
Mrrafil [7]

Answer:

$31 million

Explanation:

The computation of the amount of cash paid to suppliers of merchandise during the reporting period is shown below:

= Costs of goods sold + increase in inventory - increase in accounts payable

= $33 million + $3.8 million - $5.8 million

= $31 million

The Costs of goods sold + increase in inventory is also known as purchase of inventory

3 0
3 years ago
Meginnis Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its ave
Zanzabum

Answer:

$53,700

Explanation:

Direct manufacturing cost = (Direct material per unit + Direct labor per unit) * Units produced

=($5.20 + $3.75) * 6,000 units

=$8.95 * 6,000

=$53,700

The total amount of direct manufacturing cost incurred is closest to $53,700

6 0
3 years ago
Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the
larisa86 [58]

Answer:

The EFF of card is 27.45%.

Explanation:

EFF interest rate is an interest rate which is actually paid or received on debt or investment. It is also known as Effective Interest rate.

APR = 24.50%

EFF = ( ( 1 + r/m )^m ) - 1

EFF = ( ( 1 + 0.245/12 )^12 ) - 1

EFF = ( ( 1 + 0.020417 )^12 ) - 1

EFF = ( ( 1.020417 )^12 ) - 1

EFF =  1.27447765 - 1

EFF = 0.2745

EFF = 27.45%

6 0
3 years ago
Margo spends $30,000 on one year's college tuition. The opportunity cost of spending one year in college for Margo is:
Tju [1.3M]

Answer:

Purchases she could have made with $30,000 plus the earnings foregone

Explanation:

Opportunity cost refers to the benefit obtained from the next best alternative.

Here, the opportunity cost of spending a year in the college is the purchases worth of $30,000 that she would have do it and the money income that she would have earned it.

Opportunity cost can be represented in terms of monetary and non monetary.

5 0
3 years ago
Suppose you bought a house for $3,250,000 to make it a nursing home in the future. But you have not committed to the project and
Anna71 [15]

Answer:

$3,716,050

Explanation:

FV = PV × (1 + i)∧n

Present Value (PV) 3250000  

Interest Rate (i) 0.015  

Number of years (n) 9

   (1 + 0.015) ∧ 9

        3,250,000 x 1.1434

       =$3,716,050

5 0
3 years ago
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