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SVETLANKA909090 [29]
3 years ago
15

Several years ago, canadian sam holman realized there may be a need for a stronger, more durable wood baseball bat. he went thro

ugh the process of developing the sambat™, a maple bat of precise dimensions. he set a price with a reasonable margin, he decided to take special orders and sell bats directly from his garage, and he promoted the bat with sales calls to professional baseball camps, where ball players could sample the bat. in marketing terms, we recognize that mr. holman designed the ______________
Business
1 answer:
VLD [36.1K]3 years ago
3 0
We recognize that Mr. Holman designed the "marketing mix ".

The marketing mix<span> alludes to the arrangement of activities, or strategies, that an organization or in this case an individual utilizes to advance its brand or item in the market. The </span>marketing mix<span> alludes to four expansive levels of advertising choice, to be specific: product, value, promoting, and place. Mr. Holman used all of them which brings us to the above quoted answer.</span>

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The EOQ equation is derived by setting the annual purchase cost equal to the annual holding cost. True False
vova2212 [387]

Answer:

True

Explanation:

  • As the purchase cost is the variable cost that is the variable cost of the goods is expressed as the purchase units price x annual demand quantity and is P into D. And the holding cost is the average quantity in stocks and is q/2 and is given as H x Q / 2. Thus Q is an independent and is a function of the K, D, h
  • Hence the E.O.Q is given as Q = √2 Dk / h

3 0
3 years ago
What is the advantage of having only one inbox?
Alik [6]
You can receive all emails without switching to other inboxes. its convient and faster
8 0
3 years ago
Read 2 more answers
Ober Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Se
sertanlavr [38]

Answer:

Results are below.

Explanation:

<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).</u>

<u></u>

<u>First, we need to calculate the total unitary variable cost:</u>

Total unitary variable cost= 38 + 36 + 6 + 9

Total unitary variable cost= $89

<u>Now, the income statement:</u>

Sales= 8,400*120= 1,008,000

Total variable cost= 89*8,400= (747,600)

Total contribution margin= 260,400

Fixed manufacturing overhead= (151,300)

Fixed selling and administrative expense= (109,200)

Net operating income= (100)

The absorption costing method includes all costs related to production, both fixed and variable. <u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.</u><u> </u>

<u />

<u>First, we need to calculate the unitary production cost:</u>

Unitary production cost= 38 + 36 + 6 + (151,300 / 8,900)

Unitary production cost= $95

<u>Now, the income statement:</u>

Sales= 1,008,000

COGS= 8,400*95= (798,000)

Gross profit= 210,000

Total selling and administrative expense= 109,200 + (8,400*9)= (184,800)

Net operating income= 25,200

8 0
3 years ago
The Purple Martin has annual sales of $687,400, total debt of $210,000, total equity of $365,000, and a profit margin of 5.9 per
enot [183]

Answer:

7.1%

Explanation:

Purple martin has an annual sales of $687,400

The total debt is $210,000

Total equity is $365,000

Profit margin is 5.9%

= 5.9/100

= 0.059

The first step is to calculate the net income

Net income= sales×profit margin

= $687,400×0.059

= $40,556.6

The next step is to calculate the total assets

Total assets= Total debt+Total equity

= $210,000+$365,000

= $575,000

Therefore, the return on assets can be calculated as follows

ROA= Net income/Total assets

= 40,556.6/575,000

= 0.0705×100

= 7.1%

Hence the return on assets is 7.1%

3 0
4 years ago
The Sullivan Co. needs to raise $65.4 million to finance its expansion into new markets. The company will sell new shares of equ
Dimas [21]

Answer:The Company needs to sell 1.11 million shares.  

Explanation:

Since 8% shares are already taken b underwriters, the Compay needs to sell 92% of shares. So 92% of total amount (65.4 million) is $ 60.168 million. We will divide the amount by price per share of $54 to get amount of shares needed to be sold. So after dividing is $ 60.168 million by $54, we get 1.11 million shares which is the answere.

6 0
3 years ago
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