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iragen [17]
3 years ago
8

Maroc acee Department Store has three departments, and it conducts advertising campaigns that benefit all departments. Advertisi

ng costs are $116,000 this year, and departmental sales for this year follow.
Col1 Department Department1 Department2 Department13
Col2 Sales $ 273,000 445,900 191,100
How much advertising cost is allocated to each department if the allocation is based on departmental sales?
Business
1 answer:
Taya2010 [7]3 years ago
6 0

Answer:

Department 1: $34,800

Department 2: $56,840

Department 3: $24,360

Explanation:

Statement showing allocation of advertisement expenses based on departmental sales:

Department 1:

Percentage of Total sales = (Department 1 sales ÷ Total sales) × 100

                                           = ($273,000 ÷ 910,000) × 100

                                           = 30%

Allocated amount:

= Percentage of Total sales × Advertising costs

= 30% × $116,000

= $34,800

Department 2:

Percentage of Total sales = (Department 2 sales ÷ Total sales) × 100

                                           = ($445,900 ÷ 910,000) × 100

                                           = 49%

Allocated amount:

= Percentage of Total sales × Advertising costs

= 49% × $116,000

= $56,840

Department 3:

Percentage of Total sales = (Department 3 sales ÷ Total sales) × 100

                                           = ($191,100 ÷ 910,000) × 100

                                           = 21%

Allocated amount:

= Percentage of Total sales × Advertising costs

= 21% × $116,000

= $24,360

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What are the marketing objectives when a product is at the introduction stage?
Ede4ka [16]

Answer:

C. to create awareness, organize customer trials, and develop a market for the product

Explanation:

The introduction stage is the first one in the product life cycle. At this stage, the product has just been launched in the market. The sales growth rate is low as customers are not aware of the commodity. The business incurs losses by having the product in the market.

The marketing goal at this stage is to create awareness about this product. The business makes efforts to create demand through promotions and awareness creation. The stage is associated with heavy advertisements as the business tries to popularize and establish a market share for the product.

5 0
3 years ago
Read 2 more answers
For many years, college costs (including tuition, fees, and room and board) increases have been higher than the inflation rate,
arsen [322]

Answer: $23,888

Explanation:

The cost today for a freshman at a public university is $19,500.

Inflation is at 7% a year and the period is 3 years from now. It is best to use a future value formula:

= Fees * ( 1 + rate) ^ number of years

= 19,500 * ( 1 + 7%)³

= 19,500 * 1.225043

= $23,888

3 0
3 years ago
The Good Chocolate Company makes a variety of chocolate candies, including a 12-ounce chocolate bar (340 grams) and a box of six
joja [24]

Answer:

A) ≈ 3.509 grams

B) The process is not capable because the lowest Cpk which is 1.89 ≈ 1.9 is far from the ideal 1.33 capability index number ( NO )

c) 1.051 ounces

Explanation:

A) The largest standard deviation ( in grams)

This can be calculated applying the capability index formula and according to the capability index formula the value at which a process is capable is at  : 1.33

hence the largest standard deviation =  upper limit - lower limit / 6 * 1.33

 ( 354 - 326 ) / 7.98 = 3.5087 ≈ 3.509 grams

B) we first calculate the process mean and std of the box

standard deviation = \sqrt{variance }

std of the six-bar box = \sqrt{6*0.86^2}  = 2.106

process mean = 6 * ( 1.03 * 28.33) = 175.079

the mean is not centered between the upper specification and the lower specification hence we will apply the formulae used in calculating the capability index for an uncentered process

Cpk = (upper value - process mean) / (3 * std of box),

         = (187 - 175.079) / ( 3 * 2.106) = 11.921 / 6.318 = 1.89

Cpk =  (process mean -  lower value ) / (3*std of box)

       = ( 175.079 - 153 ) / (3 * 2.106) = 22.079 / 6.318 = 3.49

The process is not capable because the lowest Cpk which is 1.89 ≈ 1.9 is far from the ideal 1.33 capability index number ( N0 )

c ) lowest setting

calculate the value of the mean using capability index of 1.33

Cpk = (upper value - mean ) / 3 * std

mean = 187 - 1.33 * 3 * 2.106

           = 187 - 8.40 = 178.60 grams

Cpk = ( process mean - lower value ) / 3 * std

 mean = 1.33 * 3 * 2.106 + 153

            = 8.40 + 153 = 161.40 grams

the lowest setting in ounces

= 178.60 / ( 6 bar * 28 .33)

= 178.60 / 169.98 = 1.051 ounces

5 0
3 years ago
A grocery store in a perfectly competitive market can
daser333 [38]

Answer:

A grocery store in a perfectly competitive market can. reduce its advertising budget more than its competitors. differentiate its product with respect to other firms. ignore profit-maximizing strategies. freely enter or exit the market.

3 0
2 years ago
Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net operating income is $12,700
loris [4]

Answer:

$123,700

Explanation:

Calculation for the amount of the common fixed expense not traceable to the individual divisions

Using this formula

Common fixed expense not traceable= Total segment margin - Net operating income

Where,

Total segment margin =($86,100 +$50,300)

Net operating income=$12,700

Let plug in the formula

Common fixed expense not traceable= (86,100+50,300) - 12,700

Common fixed expense not traceable= 136,400 - 12,700

Common fixed expense not traceable

= 123,700

Therefore the amount of the common fixed expense not traceable to the individual divisions will be $123,700

5 0
3 years ago
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