Answer:
b. Market penetration
Explanation:
As Nutrimax Corp has designed extensive and elaborate advertising campaigns for its existing products. The campaign mainly focuses on the features and benefits of the products that differentiate the cereals from the competition. Nutrimax Corp. is using market penetration strategy. In market penetration strategy, firm wants to increase and expand its business and sales by focusing on the existing market with the help of existing products and services as it has been done by Nutrimax Corp in this case. Firm targets the same customers with the same products and services but with better and enhanced advertisement, product features, offers, discounts and schemes.
Answer:
Direct material price variance= $69,160 unfavorable
Explanation:
<u>To calculate the direct material price variance, we need to use the following formula:</u>
Direct material price variance= (standard price - actual price)*actual quantity
Standard price= 478,800/72,000= $6.65
Actual price= 574,560/76,000= $7.56
Direct material price variance= (6.65 - 7.56)*76,000
Direct material price variance= $69,160 unfavorable
Answer: 38.77%
Explanation: the IRR is a discount rate that equates the present value of after tax cash flow to the capital amount invested.
Using the financial calculator:
Cash flow for year 0 = -7.99
Cash flow for year 1 = 4.95
Cash flow for year 2= 4.95
Cash flow for year 3= 4.95
IRR = 38.77%
I hope my answer helps.