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SM.65 A marketing company prides itself on its sales prowess and is looking for ways to...
SM.61 A small but growing online retailer, Nile Corporation, has shown impressive growth in sales over...
SM.61 A small but growing online retailer, Nile Corporation, has shown impressive growth in sales over the past several years, with sales this past year at $836,000. If the company has a net profit margin of 2.75 percent, what would its net profit be (in dollars)? (Display your answer as a whole number.) If in the next year the company achieves its revenue growth target of 13 percent, what would its total revenue be? (Display your answer as a whole...
Vice President for Sales and Marketing Sam Totter is trying to plan for the coming year...
Vice President for Sales and Marketing Sam Totter is trying to plan for the coming year in terms of production needs to meet the sales demand. He is also trying to determine ways in which the company’s profits might be increased in the coming year. Instructions (Do all six parts): Waterways markets a simple water control and timer that it mass-produces. During last year, the company sold 701,000 units at an average selling price of 4.20 per unit. The variable...
Top executive officers of Stuart Company, a merchandising firm, are preparing the next year's budget. The...
Top executive officers of Stuart Company, a merchandising firm, are preparing the next year's budget. The controller has provided everyone with the current year's projected income statement Sales revenue Cost of goods sold Gross profit Selling administra Net income Current Year $2,400,000 1,680,000 720,000 319.000 $ 401,000 Cost of goods sold is usually 70 percent of sales revenue, and selling and administrative expenses are usually 10 percent of sales plus a fixed cost of $79,000. The president has announced that...
QUESTION B = ? Hau Lee Furniture, Inc., spends 50% of its sales dollars in the...
QUESTION B = ?
Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds its current profit of $28,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $33,000 so he can obtain the bank's approval for the loan. Sales Cost of material Production costs Fixed cost Profit Current Situation $140,000 $70,000 (50%) $28,000...
Hau Lee Furniture, Inc., spends 55% of its sales dollars in the supply chain and finds...
Hau Lee Furniture, Inc., spends 55% of its sales dollars in
the supply chain and finds its current profit of $5,000 inadequate.
The bank is insisting on an improved profit picture prior to
approval of a loan for some new equipment. Hau would like to
improve the profit line to $10,000 so he can obtain the bank's
approval for the loan.
Current Situation
Sales
$100,000
Cost of Material
$55,000 (55%)
Production Costs
$25,000 (25%)
Fixed Costs
$15,000 (15%)
Profit
%5,000...
Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds...
Hau
Lee Furniture, Inc., spends
50%
of its sales dollars in the supply chain and finds its
current profit of $28,000 inadequate. The
bank is insisting on an improved profit picture prior to approval
of a loan for some new equipment. Hau would like to improve the
profit line to $33,000 so he can obtain
the bank's approval for the loan
a) What percentage improvement is needed in the supply chain strategy for profit to improve to $33,000? What is...
Top executive officers of Vernon Company, a merchandising firm, are preparing the next year's budget. The...
Top executive officers of Vernon Company, a merchandising firm, are preparing the next year's budget. The controller has provided everyone with the current year's projected income statement. Sales revenue Cost of goods sold Gross profit Selling & administrative expenses Net income Current Year $1,600,000 1,200,000 400,000 240,000 $ 160,000 Cost of goods sold is usually 75 percent of sales revenue, and selling and administrative expenses are usually 10 percent of sales plus a fixed cost of $80,000. The president has...
Top executive officers of Zachary Company, a merchandising firm, are preparing the next year's budget. The...
Top executive officers of Zachary Company, a merchandising firm, are preparing the next year's budget. The controller has provided everyone with the current year's projected income statement. Sales revenue Cost of goods sold Gross profit Selling & administrative expenses Net income Current Year $2,500,000 1,875,000 625,000 327,000 $ 298,000 Cost of goods sold is usually 75 percent of sales revenue, and selling and administrative expenses are usually 10 percent of sales plus a fixed cost of $77,000. The president has...
SimmonsSimmons Company has recently become aware of the large total discounts on its orders and would...
SimmonsSimmons Company has recently become aware of the large total discounts on its orders and would like to know the impact on profit. The company computed its operating profit as follows: Net sales after discounts $130,000 Variable costs 60,000 Contribution margin $70,000 Fixed costs 5,000 Operating profit $65,000 Requirements (a) Suppose SimmonsSimmons could reduce its sales discounts to produce a 3030% increase in net revenues but no changes in variable or fixed costs. By what percent would operating profits increase?...
Top executive officers of Tildon Company, a merchandising firm, are preparing the next year's budget. The...
Top executive officers of Tildon Company, a merchandising firm, are preparing the next year's budget. The controller has provided everyone with the current year's projected income statement. Sales revenue Cost of goods sold Gross profit Selling & administrative expenses Net income Current Year $1,600,000 1,120,000 480,000 190,000 $ 290,000 Cost of goods sold is usually 70 percent of sales revenue, and selling and administrative expenses are usually 10 percent of sales plus a fixed cost of $30.000. The president has...
Top executive officers of Stuart Company, a merchandising firm, are preparing the next year's budget. The controller has provided everyone with the current year's projected income statement Sales revenue Cost of goods sold Gross profit Selling administra Net income Current Year $2,400,000 1,680,000 720,000 319.000 $ 401,000 Cost of goods sold is usually 70 percent of sales revenue, and selling and administrative expenses are usually 10 percent of sales plus a fixed cost of $79,000. The president has announced that...
QUESTION B = ?
Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds its current profit of $28,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $33,000 so he can obtain the bank's approval for the loan. Sales Cost of material Production costs Fixed cost Profit Current Situation $140,000 $70,000 (50%) $28,000...
Hau Lee Furniture, Inc., spends 55% of its sales dollars in
the supply chain and finds its current profit of $5,000 inadequate.
The bank is insisting on an improved profit picture prior to
approval of a loan for some new equipment. Hau would like to
improve the profit line to $10,000 so he can obtain the bank's
approval for the loan.
Current Situation
Sales
$100,000
Cost of Material
$55,000 (55%)
Production Costs
$25,000 (25%)
Fixed Costs
$15,000 (15%)
Profit
%5,000...
Hau
Lee Furniture, Inc., spends
50%
of its sales dollars in the supply chain and finds its
current profit of $28,000 inadequate. The
bank is insisting on an improved profit picture prior to approval
of a loan for some new equipment. Hau would like to improve the
profit line to $33,000 so he can obtain
the bank's approval for the loan
a) What percentage improvement is needed in the supply chain strategy for profit to improve to $33,000? What is...
Top executive officers of Vernon Company, a merchandising firm, are preparing the next year's budget. The controller has provided everyone with the current year's projected income statement. Sales revenue Cost of goods sold Gross profit Selling & administrative expenses Net income Current Year $1,600,000 1,200,000 400,000 240,000 $ 160,000 Cost of goods sold is usually 75 percent of sales revenue, and selling and administrative expenses are usually 10 percent of sales plus a fixed cost of $80,000. The president has...
Top executive officers of Zachary Company, a merchandising firm, are preparing the next year's budget. The controller has provided everyone with the current year's projected income statement. Sales revenue Cost of goods sold Gross profit Selling & administrative expenses Net income Current Year $2,500,000 1,875,000 625,000 327,000 $ 298,000 Cost of goods sold is usually 75 percent of sales revenue, and selling and administrative expenses are usually 10 percent of sales plus a fixed cost of $77,000. The president has...
Top executive officers of Tildon Company, a merchandising firm, are preparing the next year's budget. The controller has provided everyone with the current year's projected income statement. Sales revenue Cost of goods sold Gross profit Selling & administrative expenses Net income Current Year $1,600,000 1,120,000 480,000 190,000 $ 290,000 Cost of goods sold is usually 70 percent of sales revenue, and selling and administrative expenses are usually 10 percent of sales plus a fixed cost of $30.000. The president has...
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