1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olya-2409 [2.1K]
3 years ago
5

Dani's denim sells blue jeans. in 2017, dani's specialized in selling moderately priced jeans with a 25% markup. in 2018, dani's

management decided to sell more expensive designer jeans with a markup of 30% and eliminate the moderately priced options. if dani's denim has the same annual net sales in both years, how will dani's gross profit rate in 2018 differ from its gross profit rate in 2017?
Business
2 answers:
lianna [129]3 years ago
6 0

Answer:

If Dani's denim sells his jeans at a 30% markup his gross profit would grow by 20%

Explanation:

All right here we go. the markup is the amount of money a seller or producer ads to his or her product to achieve a net profit figure. In our case Dani's denim markup over the price of the good was an initial 25%, then they decided to increase the markup by 20% its original price. So, at least his gross profit is going to grow by 20%. You just need to make a calculation of the difference between the initial number, the second and how it changed.

stira [4]3 years ago
5 0

The markup percentage tells you how much money a business makes off each sale. If Dani is selling products with a higher mark up, this means she makes more money off each dollar of sales. In this case, you would expect Dani's profit margins to increase due to the increased markup percentage.

You might be interested in
A marketing plan refers to:_______
Alex73 [517]

Answer:

e. a road map for the marketing activities of an organization for a specified future time period, such as one year or five years.

Explanation:

A company's marketing plan generally involves specific periods of time, and usually last more than one year, but they aren't long enough to be considered as long term goals (more than 5 years). They follow the company's marketing strategies (long term goals), coordinate marketing activities and set short term goals.

5 0
3 years ago
A firm is producing 24 units of output. At the 24th unit of output, marginal revenue is $5, and marginal cost is $4; at the 25th
agasfer [191]

Answer:

False.

Explanation:

(1) Units produced = 24 units of output

At the 24th unit of output,

Marginal revenue = $5

Marginal cost = $4

MR ≠ MC

At the 25th unit of output,

Marginal revenue = $4.50

Marginal cost = $4.50

MR = MC

At the 26th unit of output,

Marginal revenue = $4

Marginal cost = $5

MR ≠ MC

A firm maximizes its profit at a point where the marginal revenue is equal to the marginal cost i.e. MR = MC.

It is clear from the above scenario that this firm doesn't stop at 24 units of output because at this point of production profit maximizing condition is not fulfilled which means MR ≠ MC.

This firm should stopped at 25 units of output where marginal revenue is equal to the marginal cost from the 25th unit of output.

6 0
3 years ago
Molly Madison received "The Employee of the Month" Award at Internal Workings Remodeling Service in April. Molly would be consid
Tems11 [23]

Answer: Internal environment

Explanation: The internal environment is made of the components inside the company comprising of existing workers, administration, atmosphere, tools, job procedures and mostly corporate culture which has the capacity of affecting the workers' attitudes and conclusions of the company. In this case, Molly Madison is considered a part of the internal environment of the internal workings as she received the award for employee of the month.

4 0
3 years ago
Managing Financial Information<br> Project: Analyzing Consumer Protections Active
3241004551 [841]

Answer:

you want me to do a whole project?!

Explanation:

5 0
3 years ago
Read 2 more answers
Rico bought 100 shares of Banana Republic stock for $24.00 per share on January 1, 2010. He received a dividend of $2.00 per sha
dimaraw [331]

Answer:

12.5%

Explanation:

We have to first calculate Rico's gain per share during the 2010-2012 period:

Rico's gain = -initial purchase price + dividend 1 + dividend 2 + dividend 3 + sales price

Rico's gain = -$24 + $2 + $3 + $4 + $18 = $3

$3 represents a 12.5% [= ($3 / $24) x 100] rate of return for the holding period.

B. 12.5%

Rico bought 100 shares of Banana Republic stock for $24.00 per share on January 1, 2010. He received a dividend of $2.00 per share at the end of 2010 and $3.00 per share at the end of 2011. At the end of 2012, Rico collected a dividend of $4.00 per share and sold his stock for $18.00 per share. What was Rico's realized holding period return? (Pick the closest answer.)

7 0
3 years ago
Read 2 more answers
Other questions:
  • Ownership of a put option entitles the owner to the __________ to ___________ a specific stock, on or before a specific date, at
    15·1 answer
  • Jay stops at the shopping mall to purchase a new pair of jeans from the diesel store. he is the ultimate consumer in a pipeline
    9·1 answer
  • On january 1, 2012, water world issues $25 million of 6% bonds, due in 20 years, with interest payable semiannually on june 30 a
    15·1 answer
  • For the purpose of process analysis, which of the following measures would be considered an appropriate flow unit for analyzing
    10·1 answer
  • You have $12,500 you want to invest for the next 30 years. You are offered an investment plan that will pay you 7 percent per ye
    11·1 answer
  • ABOUT Stephen hawking ​
    11·2 answers
  • 22. Find the effective rate of interest to the nearest hundredth percent if $60.94 is earned in one year on a deposit of
    5·1 answer
  • Sales promotions that provide consumers an incentive to buy a product, such as a cents-off coupons or a discount, are widely use
    10·1 answer
  • Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $70. Limit Buy
    9·1 answer
  • Your company will need a business plan in order to do what? A. Increase revenue. B. Identify an opportunity. C. Pay taxes. D. Ge
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!