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stealth61 [152]
3 years ago
10

The company would like to initiate an intensive advertising campaign in one of the two market segments during the next month. Th

e campaign would cost $4,800. Marketing studies indicate that such a campaign would increase sales in the Medical market by $42,000 or increase sales in the Dental market by $36,000. Required: 1. How much would the company's profits increase (decrease) if it implemented the advertising campaign in the Medical Market? 2. How much would the company's profits increase (decrease) if it implemented the advertising campaign in the Dental Market? 3. In which of the markets would you recommend that the company focus its advertising campaign?

Business
1 answer:
BigorU [14]3 years ago
4 0

Answer:

1. How much would the company's profits increase (decrease) if it implemented the advertising campaign in the Medical Market?

We are missing the cost structure, so I looked for similar question. The company's current segment margin for the medical market is 30%. So this campaign would increase segment profit by $42,000 x 30% = $12,600. Since its cost is $4,800, net profit will increase by $12,600 - $4,800 = $7,800

2. How much would the company's profits increase (decrease) if it implemented the advertising campaign in the Dental Market?

The dental market's segment profit is 24%, so this campaign would increase revenue by $36,000 x 24% = $8,640. To calculate net profit we must again subtract the campaign's cost. Net profit = $8,640 - $4,800 = $3,840

3. In which of the markets would you recommend that the company focus its advertising campaign?

They should focus on the medical market since their profit will be higher.

Explanation:

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Answer:

Total cost= $650,857

Explanation:

Giving the following information:

At an activity level of 6,900 units in a month, Zeus Corporation's total variable maintenance and repair cost is $408,756, and its total fixed maintenance and repair cost is $230,253.

<u>We need to calculate the total cost of 7,100 units. Because it is between the relevant range, fixed costs will remain the same. We need to determine the unitary variable cost.</u>

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Unitary variable cost= 408,756/6,900= $59.24

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Hanif will supply less tutoring now, shifting supply to the left as he is expecting this price increase in the future.

<h3>What is a supply curve?</h3>

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Product price is measured on the vertical axis of the graph and the number of products provided on the horizontal axis.

Therefore, Hanif will supply less tutoring now, shifting supply to the left as he is expecting this price increase in the future.

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