Answer:
Market penetration
Explanation:
Market penetration is a phenomenon which a certain market is penetrated through the product. The increasing number of sales shows how far is the market penetrated.
EcoBean decided to enter into a different market by developing a new product extension. People who pay online is a separate market from people who pay cash. In addition to on hand paying customers, they are penetrating the market of online payers.
Answer:
B) 1282
Explanation:
Units Per unit price Total
Balance, 1/1/18 200 $5.00 $1,000
Purchase, 1/15/18 100 $5.30 $530
Purchase, 1/28/18 100 $5.50 $550
<u>total 400 $2,080</u>
Balance, 1/31/18 140 $762
the first in, first out inventory method assigns cost of goods sold to the oldest merchandise available, so the 1/31/18 inventory's balance = (100 x $5.50) + (40 x $5.30) = $550 + $212 = $762
So COGS = $2,080 - $762 = $1,318
gross profit = revenue - COGS = [(400 - 140) x $10] - $1,318 = $2,600 - $1,318 = $1,282
Answer:
1. The financial advantage of accepting the special order is $20,910.
2. The relevant unit cost is the variable selling and administrative expenses of $1.40 per unit.
Explanation:
1. What is the financial advantage (disadvantage) of accepting the special order?
Since this order would not affect regular sales or the company's total fixed costs, it implies that only the variable costs will be considered to determine the financial advantage (disadvantage) of accepting the special order.
Therefore, we have:
Total variable cost per unit = Direct materials + Direct labor + Variable manufacturing overhead + Variable selling and administrative expenses = $2.40 + $2.00 + $0.90 + $1.40 = $6.70
Special order financial advantage (disadvantage) = (Special price per unit - Total variable cost per unit) * Units of special order = ($19.00 - $6.70) * 1,700 = $20,910
Therefore, the financial advantage of accepting the special order is $20,910.
2. As a separate matter from the special order, assume the company’s inventory includes 1,000 units of this product that were produced last year and that are inferior to the current model. The units must be sold through regular channels at reduced prices. The company does not expect the selling of these inferior units to have any effect on the sales of its current model. What unit cost is relevant for establishing a minimum selling price for the inferior units?
Since these units are inferior to the current model and must be sold through regular channels at reduced prices, the unit cost that is relevant for establishing a minimum selling price for the inferior units is therefore the variable selling and administrative expenses of $1.40 per unit.
2 days while your there because you can't have it for 3 days because you'll be short on cash, and for 1 day you would have extra cash for one more day to park.
Answer:
The amount of depreciation expense each year is (D) $31,900
Explanation:
Total cost of the equipment = Purchased cost + Shipping charges + foundation and install fee = $160,000 + $2,000 + $12,500 = $174,500
MacKenzie Manufacturing use the straight-line method, Depreciation Expense each year is calculated by following formula:
Annual Depreciation Expense = (Cost of the equipment − Residual Value )/Useful Life = ($174,500 - $15,000)/5 = $159,500/5 = $31,900
