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Temka [501]
3 years ago
13

Max is the marketing manager at the university bookstore. He is developing his marketing plans for the next school year. The boo

kstore is charged by the university to be a profit center for the school, therefore its important that Max manages the bookstore and prices its products in a way to generate profits. One of the most popular products sold at the bookstore is academic calendars to help students keep track of key dates throughout the school year. The university has 10,080 students registered for the upcoming semester, an increase of 5% versus a year ago. Last year Max sold 7,200 calendars at $5.00 each. The overall calendar sales were a bit disappointing, as he had to throw away 1,100 calendars that he'd printed yet went unsold. The cost of creating and printing the calendars was $19,183. He'd like to estimate his sales better this year to eliminate waste and maximize his profits. Use this information to answer the following questions:
Business
1 answer:
Mariulka [41]3 years ago
8 0

<u>Solution and Explanation:</u>

  • the total sales of calendars is as follows:

7200 multiply with $5 each = $36000

  • In order to find out the profit, the toal of sales is to be subtarcted with costs. The given sales is $36000, costs is $19183

Thus, the total profit = $16817

95% of 10080 canot be taken in order to find out the correct number. 5% enrollment growth, is as follows:

10080 = 1.05 multiply "x"

thus, calculating x = 9600

  • The number of studnets are 9600 in the last semester out of which 7200 bought calendar.    7200 divide 9600 = 75.0 percent sales penetration.
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3 years ago
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Item 8 In a movie's opening weekend, 879,575 tickets are sold in 755 theaters. The average cost of a ticket is $9.50. What is th
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Answer:

the average amount of money is 1,165

Explanation:

The computation of the average amount of money i.e. earned by each theater is shown below:

= Total number of tickets sold ÷ number of theaters

where,

The Total number of tickets sold is 879,575

And, the number of theaters is 755

Now place these values to the above formula

So, the average amount of money is

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= 1,165

hence, the average amount of money is 1,165

4 0
3 years ago
Selected current year company information follows: Net income $ 17,753 Net sales 730,855 Total liabilities, beginning-year 101,9
Sveta_85 [38]

Answer:

6.03%

Explanation:

Calculation for the return on total assets

First step will be to find the assets at the beginning using this formula

Beginning year Assets =Beginning Total liabilities + Beginning Stockholders' equity

Let plug in the formula

Beginning year Assets=$101,932 + $216,935

Beginning year Assets=$318,867

Second step is to find the end of the year asset using this formula

End of the year assets = Ending Total liabilities + Ending Stockholders' equity

Let plug in the formula

End of the year assets=$121,201 + $148,851

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Last step is to calculate for the return on total assets using this formula

Return on total assets = Net income/Average of total assets,

Let find the Total asset averages

Using this formula

Total asset averages=(Beginning year Assets+End of the year assets)/2

Let plug in the formula

Total asset averages($318,867 + $270,052)/2 Total asset averages=$588,919/2

Total asset averages= $294,459.50

Hence,

Return on total assets = Net income/Average of total assets

Return on total assets=$ 17,753/294,459.50

Return on total assets=0.0603

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Therefore the return on total assets will be 6.03%

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3 years ago
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Svet_ta [14]

Answer: Making initial development private saves the government from funding all of the research.

Explanation:

A grant refers to an amount of money that is financial assistance thats given by the government or an organization to an individual or firm for a specific purpose. A grant is different from a loan as it isn't meant to be paid back.

Government award grants for the development of technologies, community projects, home insulation etc.

With regards to the question, a government – sponsored grants for the private development of new technologies may result in a lower national debt when the government makes the initial development private thereby saving the government from funding all of the research.

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