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arlik [135]
2 years ago
11

A department store, pressured to meet year-end targets, liquidated a large amount of merchandise at low prices even though it wa

s likely to create problems in the new year. This is an example of which pricing objective?
Business
1 answer:
brilliants [131]2 years ago
4 0

Answer:

Sales Growth pricing objective

Explanation:

Since prices are being reduced then the aim will not be profitability, neither was it mentioned that it was because of competitors but it was done in the bid to meet internalsales targets.

This is an example of which pricing objective of Sales Growth:

Sales Growth’s objective is to increase sales volume. <u>It sets its price in such a way that more and more sales can be achieved.</u> It is assumed that sales growth has direct positive impact on the profits. <u>So, pricing decisions are taken in way that sales volume can be raised. Setting price, altering in price, and modifying pricing policies are targeted to improve sales.</u>

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Feldpausch Corporation has provided the following data from its activity-based costing system:
juin [17]

Answer:

Product margin per unit= $7.2

Explanation:

Giving the following information:

Activity Cost Pool Total Cost Total Activity

Assembly $ 1,137,360 84,000 machine-hours

Processing orders $ 28,479 1,100 orders

Inspection $ 97,155 1,270 inspection-hours

First, we need to calculate the estimated overhead rate for each activity cost pool:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Assembly= 1,137,360/84,000= $13.54 per machine hour

Processing= 28,479/1,100= $25.89 per order

Inspection= 97,155/1,270= $76.5 per inspection hour

We will calculate the total cost of production and then the unitary cost to determine the product margin:

Total cost= direct material + direct labor + allocated overhead

The company makes 470 units of product W26B a year, requiring a total of 660 machine-hours, 50 orders, and 40 inspection-hours per year. The product's direct materials cost is $40.30 per unit and its direct labor cost is $42.22 per unit. The product sells for $118.00 per unit.

Total cost= 40.30*470 + 42.22*470 + (660*13.54 + 50*25.89 + 40*76.5)= 52,075.3

Unitary cost= 52,075.3/470= 110.80

Product margin= selling price - unitary cost= 118 - 110.8= $7.2

7 0
2 years ago
Aspen Integrated Marketing used to have a strict hierarchical structure, with information given only to those who required it. T
Brums [2.3K]

Answer:

open-book management or it can also be called a boundaryless organization.

Explanation:

Open-book management

This is simply the act of sharing with employees at all levels of an organization some vital information that is somehow or previously meant for too management staff only. It also involves opening a company's financial statements to all employees and giving them the education that will enable them to understand how the company makes money and how their actions affect its success and bottom line.

Boundaryless organization

This is simply known as a form of organization structure in which there are no barriers to information flow. Boundaryless designs include barrier-free, modular and virtual organizations. An organization without barriers has permeable internal and external boundaries and requires higher level of trust and shared interests, a shift in philosophy from executive development to organizational development, greater use of teams etc.

4 0
2 years ago
Write the importance of professional education.​
My name is Ann [436]

Explanation:

The aim of education is to make a person intelligent enough to make decisions logically, knowledgeable enough to take up a right career path and skilled enough to be self-supportive. ... Getting a professional education is important for shaping your career to move towards a right direction.

5 0
3 years ago
A buyer is closing on the purchase of a residence. The taxes for the year are estimated to be $4,780. The closing date is Januar
Aneli [31]

Answer:

For seller = $196.44

For buyer = $4583.56

Explanation:

Data provided in the question:

Taxes for the year = $4,780

Date of closing = January 16

since the day of closing belongs to the buyer therefore the seller owns the tax for 15 days only

Per day tax = [ Taxes for the year ] ÷ 365

= $4,780 ÷ 365

= $13.095 per day

Hence,

Proration will be

for seller = $13.095 per day × 15 days

= $196.44

For buyer = $4,780 - $196.44

= $4583.56

6 0
3 years ago
a consumer has $100 to spend on two goods X and Y with prices $3 and $5 respectively. drive the equation of the budget line​
kotegsom [21]

Answer:

3X + 5Y = 100

Explanation:

Given that a consumer has $ 100 to spend on two goods X and Y with prices $ 3 and $ 5 respectively, the equation that represents this distribution is the following:

3X + 5Y = 100

Thus, the consumer may consume different combinations of products, as long as the sum of both amounts is $100 as a final result. For instance:

3x20 + 5X8 = 100

60 + 40 = 100

3x5 + 5x17 = 100

15 + 85 = 100

5 0
2 years ago
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