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evablogger [386]
3 years ago
12

Suppose StoreRUs sells 1,600 hardcover books per day at an average price of $ 70. Assume that StoreRUs's cost for the books is 5

5​% of the selling price it charges retail customers. StoreRUs has no beginning​ inventory, but it wants to have a​ three-day supply of ending inventory. Assume that selling and administrative expenses are $ 4 comma 800 per day. Compute StoreRUs's budgeted sales for the next​ (seven-day) week.
Business
1 answer:
irina1246 [14]3 years ago
7 0

Answer:

$784,000

Explanation:

For calculating budgeted sales for the upcoming week can be calculated as under:

Sale Budget (Units) = Hardcover Books sales units per day * 7 days

= 1,600 books per day * 7 days

= 11,200 Units

Now the sales units would be converted into Dollars:

Sales Budget ($) = 11,200 Units * $70 days = $784,000

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The cheaper price helps a brand-new product or service penetrate the market and attract customers far from competitors.

EDLP is related to Walmart because the company has used it systematically in its selling. As an evaluation strategy, Walmart founder SAM Walton used EDLP once gap his initial stores.

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8 0
1 year ago
The adult education director at st. francis hospital uses ​________ to evaluate the interactions of variables that contribute to
Harlamova29_29 [7]

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3 0
3 years ago
Owen decides to sell his ranch, Pine Ridge, in a live auction. When the auctioneer puts the property up for bids, it will be a.
lianna [129]

Answer:

a. an invitation to submit offers, not an offer itself.

Explanation:

When a property is to be sold at an auction it involves an invitation for interested buyers to submit offers to the seller. The seller will now consider the offers and see the best one for him.

There is usually no price stated for the auction and seller goes for the highest bid.

If however if the seller says that there is no reserve price or that the reserve price was met, it can now be considered an offer in itself.

In this case Owen is offering the property at a live auction and does not state requirements for a reserve price

6 0
3 years ago
Suppose that 10 years ago you bought a home for $110,000, paying 10% as a down payment, and financing the rest at 8% interest fo
skad [1K]

Answer: $11,000

Explanation:

The solution to this problem is not tedious or complicated

Solution;

Amount is = $110,000

Percentage of down payment is given as = 10%

To get the amount of the down payments we find the 10% of $110,00

10% of $110,000 is = 10÷100

=0.1

We multiply it by the amount which is 0.1×110,000= $ 11,000

3 0
3 years ago
Assume that an American company today invests some of its spare cash in a Hungarian money market account that will earn 8 percen
Artist 52 [7]

Answer:

D. The dollar appreciates against the Hungarian forint.

Explanation:

If after investing, it happens during the next two months that the dollar invested by the American company appreciates against the Hungarian forint.

It would imply that the company will earn less than 8 percent on its investment.

7 0
2 years ago
Read 2 more answers
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