Answer:
= $8.80
Explanation:
<em>Under the Mark-up pricing system, the price of a product is determined by adding a desired percentage of the the cost (called mark-up) to the full cost of the product.</em>
Selling price = <em>The full cost of the product + mark -up</em>
<em>The full cost of a product = Variable cost + fixed cost</em>
Remember that fixed cost do not varying within activity range
Selling price = ($2.80 + $ 5.50) + 0.50 = $8.8
Sales price to be charged =$8.8
<em>Total sales value = $8.8× 42,000</em>
<em> = $369,600. (though this is not part of the requirement)</em>
Answer:
The zero-based budget ensures that every dollar you make is assigned a specific purpose
Explanation:
Zero-based budge: It is also known as "zero-sum budget".
It refers to the process of creating a budget from nothing without using the previous year’s budget. It enables a firm allocate all its resources to expenses and debt payment.
Zero based budget ensures that every income made is allocated to a particular purpose without a remainder. The major goal of zero based budget is to ensure that revenue (income) less expenditure (spendings) is equal to zero.
That is, in zero based budgeting,
Income - expenditure= zero (0).
In other words,
income= expenses
Answer:
Beta= 1.133
Explanation:
Giving the following information:
Coke:
beta= 1.1
Investment= $10,000
Wal-Mart:
beta= 1
Investment= $20,000
<u>First, we need to calculate the proportion of investments:</u>
Coke= 10,000/30,000= 0.33
Wal-Mart= 20,000/30,000= 0.77
<u>Now, to calculate the beta of the portfolio, we need to use the following formula:</u>
Beta= (proportion of investment A*beta A) + (proportion of investment B*beta B)
Beta= (0.33*1.1) + (0.77*1)
Beta= 1.133
Answer:
d. Form a close partnership with individuals involved in order fulfillment (e.g., shipping and transportation) in an effort to make sure they are committed to meeting the special delivery requirements of those key accounts.
Explanation:
The sales person should make a close partnership with order fulfillment department in order to meet special delivery requirements by the key accounts. If the special delivery needs of key accounts is not addressed then they may discontinue buying the equipment from the company. To retain the key accounts the sales person has to ensure the order fulfillment team is committed in meeting the special delivery requirements by those key accounts.
Total Revenues
The price at which a firm sells one unit of its product is known as Selling Price.
A firm will sell a certain number of units during a given period – day, week, month, year etc.
When we multiply the Selling price and the quantity sold by a firm we get total revenues of a frim for a given period.
