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Kryger [21]
3 years ago
7

Shannon’s has developed a super-premium craft beer to be marketed as Shannon’s Irish Stout. The cost of production (brewing, can

ning, etc.) is about $4.00 per six pack. If Shannon’s needs a 12% margin, what will Shannon’s price per six pack be to its distributor, Miller of Denton? Assume the margin is expressed as a markup based on cost. Round your answer to the nearest penny. Do not include the dollar sign.
Business
1 answer:
Arte-miy333 [17]3 years ago
3 0

Answer:

$4.48

Explanation:

If Shannon needs to make a 12% markup based on cost, to obtain her minimum selling price to her distributor Miller of Denton, simply multiply the production cost per unit by 100% plus the desired markup.

If it costs her $4.00 to produce a six pack, her selling price should be:

P=1.12*\$4.00\\P=\$4.48

She should charge $4.48 per six pack.

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notsponge [240]

Improved Leadership will make sure that the business is successful.

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8 0
2 years ago
Larry, a human resources executive at Printopress, caters to the human resources needs of other departments in the company, such
lozanna [386]

Answer:

A) Functional departmentalization

Explanation:

Functional departmentalization -

The functional departmentalization , a specific organization is organized into various departments depending on the functions each of the department do , is known as functional departmentalization .

The advantage of Functional departmentalization is that it increases the efficiency of the organisation .

hence , from the question ,

The correct term according to the given information is Functional departmentalization .

8 0
3 years ago
When originally purchased, a vehicle costing $25,740 had an estimated useful life of 8 years and an estimated salvage value of $
Rudiy27

Answer:

Annual depreciation= $5,660

Explanation:

Giving the following information:

Purchase price= $25,740

Salvage value= $3,100

<u>First, we need to calculate the accumulated depreciation before the change in useful life:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (25,740 - 3,100) / 8

Annual depreciation= $2,830

Accumulated depreciation= 2,830*4= $11,320

<u>Now, we can calculate the new depreciation expense:</u>

<u></u>

Annual depreciation= (25,740 - 11,320 - 3,100) / 2

Annual depreciation= $5,660

4 0
3 years ago
A company desires to sell a sufficient quantity of products to earn a profit of $400,000. If the unit sales price is $20, unit v
Amanda [17]

Answer:

Number of units to be sold = 150000

So option (b) is correct option

Explanation:

We have given net income = $400000

Unit sales price = $20

Unit variable cost= $12

Total fixed cost $800000

Units must be sold to earn net income of $400,000 =

=profit+\frac{total\ fixed\ cost}{sale\ price}-ubit\ variable\ cost=400000+\frac{800000}{20}-12=150000units

So number of units to be sold = 150000

So option (b) is correct option

3 0
3 years ago
Consider the following data on the factor endowments of two countries, A and B: Labor Force (millions of workers) 45 20Capital S
Alexus [3.1K]

Answer:

a. Country A

b. Country B

c. Country A

Explanation:

Given

For Country A

Labor force = 45 million = 45000000

Capital Stock = 15 thousand= 15000

For Country B

Labor Force = 20 million = 20000000

Capital Stock = 10 thousand = 10000

a. Which country is relatively capital abundant

A country is capital abundant if its endowment of capital relative to other factors is large compared to other countries.

We calculate the capital/labor ratio for each country.

For A, Ratio = 45000000÷15000 = 3000

For B, Ratio = 20000000÷10000= 2000

The Ratio of country A is greater than B.

So, A is capital redundant.

b. Which country is relatively labor abundant

A country is labour abundant if its endowment of labour relative to other factors is large compared to other countries.

We calculate the labor/capital ratio for each country

For A, Ratio = 15000÷45000000 = 0.000333

For B, Ratio = 10000÷20000000 = 0.0005

The Ratio of country B js greater than A

So, B is capital redundant.

c. Suppose that good S is capital intensive relative to good T. Which country will have comparative advantage in the production of S?

Heckscher–Ohlin theorem in the two-factor case, it states: "A capital-abundant country will export the capital-intensive good, while the labor-abundant country will export the labor-intensive good"

So, if product S is capital intensive relative to T then country A will have more advantage in production of product T to aid their exportation.

4 0
3 years ago
Read 2 more answers
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