Bramble corporation is a small wholesaler of gourmet food products. data regarding the store's operations follow:

Identify the percent increase in total sales and the percent increase in sales of trench coats. Then find which percent of incre

geniusboy [140]

The percentage increase in the total sales for 2006 is 15% while the increase in sales of the trench coats is 23.3%; therefore the percentage increase in total sales of trench coats is 8.3% faster.

Computation:

1. The total amount of sales for 2006 and 2007:

$\begin{aligned}\text{Sales of 2006}&=103+297+210+213+137\\&=960\end{aligned}$

$\begin{aligned}\text{Sales of 2007}&=127+223+210+285+259\\&=1104\end{aligned}$

2. Now, the percentage increase will be determined for the total number of coats and trench coats:

For the total number of coats, the values used will be the total sales of 2006, and total sales of 2007.

$\begin{aligned}\text{Percentage Increase}&=\dfrac{\text{Sales of 2007}-\text{Sales of 2006}}{\text{Sales of 2006}}\times100\\&=\dfrac{1104-960}{960}\times100\\&=15\%\end{aligned}$

For the trench coats the values used will be the sale of trench coats in 2006 and 2007.

$\begin{aligned}\text{Percentage Increase in Sale of Trench Coat}&=\dfrac{\text{Sales of 2007}-\text{Sales of 2006}}{\text{Sales of 2006}}\times100\\&=\dfrac{127-103}{103}\times100\\&=23.33\%\end{aligned}$

3. Now, the net percentage increase in sales due to the trench coats is computed as follows:

$\begin{aligned}\text{Net Percentage Change}&=\text{\text{Percentage Increase in Trench Coat}-\text{Percentage Increase}}\\&=23.33\%-15\%\\&=8.3\%\end{aligned}$

Therefore, the correct option is option B. Sales of trench coats increased 8. 3 percentage points faster than total coat sales.

To know more about percentages of increase in sales, refer to the link:

brainly.com/question/45525

4 0

2 years ago

__________ is a strategy based on the use of IT to reduce the costs associated with the product assembly process or the way serv

xeze [42]

Answer:

Flexible manufacturing

Explanation:

A flexible manufacturing system (FMS) refers to a manufacturing system that has a certain degree of flexibility to swiftly respond to unpredicted changes in the manufacturing orders and processes. FMS generally result in a increase in labor productivity and machine efficiency, as well as shorter lead times and increased production rate. If well executed, FMS should provide the same benefits as economies of scale but without the large scale production.

3 0

3 years ago

Brown Fashions Inc.'s December 31, 2018 balance sheet showed total common equity of $4,050,000 and 165,000 shares of stock outst

dedylja [7]

Answer:

$26.67

Explanation:

Total Common Equity New = Total Common Equity Old + Net Income -Dividends Paid

Total Common Equity New = $4,050,000 + $450,000 - $100,000

Total Common Equity New = $4,400,000

Book value per share = Total Common Equity / Shares Outstanding

Book value per share = $4,400,000 / 165,000 shares

Book value per share = 26.66666666666667

Book value per share = $26.67

4 0

2 years ago

Geese Company utilizes the LIFO retail inventory method. Its cost-to-retail percentage is 60% based on beginning inventory and 6

Nataly_w [17]

Answer:

$152,000

Explanation:

Calculation for the cost of the ending inventory

First step is to calculate the cost-to-retail percentage of the beginning inventory amount

Using this formula

Beginning Inventory =Cost-to-retail percentage*Beginning inventory at retail

Let plug in the formula

Beginning Inventory =60%*$200,000

Beginning Inventory =$120,000

Second step is to calculate current-period purchases percentage of the new layer amount

Using this formula

Current period purchases= Purchases percentage* New layer

Let plug in the formula

Current period purchases=64%*50,000

Current period purchases=$32,000

The last step is to find the cost of the ending inventory using this formula

Ending inventory cost=Beginning Inventory+Current period purchases

Let plug in the formula

Ending inventory cost=$120,000+$32,000

Ending inventory cost=$152,000

Therefore the cost of the ending inventory will be $152,000

4 0

3 years ago

All of the following actions lead to the payment of a credit card fee EXCEPT...

alexandr402 [8]

I need the picture so I can see it

7 0

2 years ago

Read 2 more answers