Question

Your company sells Go-Betweens, a toothbrush used for dental hygiene. In 2019 industry sales were $397 million. This number w

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Please refer to the image below for the solution-

First we will find industry sales in 2018 el x 1.17 = $397 million a = $397 million 1.17 i. 2 = 339.3162393 million Go-BetweeDo let me know in the comment section in case of any doubt.

Add a comment
Know the answer?
Add Answer to:
Your company sells Go-Betweens, a toothbrush used for dental hygiene. In 2019 industry sales were $397...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Your company sells Go-Betweens, a toothbrush used for dental hygiene. In 2019 industry sales were $397...

    Your company sells Go-Betweens, a toothbrush used for dental hygiene. In 2019 industry sales were $397 million. This number was an 17.0% increase over 2018 industry sales. Go-Between’s market share was 11.0% in 2018 and 18.2% in 2019. Calculate the dollar change in Go-Between’s sales from 2018 to 2019 due to the change in industry sales.

  • The following income statements were drawn from the annual reports of Toner Sales Company: 2018* $...

    The following income statements were drawn from the annual reports of Toner Sales Company: 2018* $ 426,600 (281,556) 145, 044 2019* $ 521,600 (292,096) 229,504 Net sales Cost of goods sold Gross margin Less: Operating expense Selling and administrative expenses Net Income (68,256) 76,788 (83,456) $ 146,048 $ *All dollar amounts are reported in thousands. The president's message in the company's annual report stated that the company had implemented a strategy to increase market share by spending more on advertising....

  • Alliance, Inc. sells gas lamps to consumers through retail outlets. Total industry sales for Alliance's relevant...

    Alliance, Inc. sells gas lamps to consumers through retail outlets. Total industry sales for Alliance's relevant market last year were $100 million, with Alliance's sales representing 5% of that total. Contribution margin is 25%. Alliance's sales force calls on retail outlets, and each sales rep earns $50,000 per year plus 1% commission on all sales. Retailers receive a 40% margin on selling price and generate average revenue of $10,000 per outlet for Alliance. a. The marketing manager has suggested increasing...

  • thats everything that was provided 4-25. RATIO ANALYSIS The Corrigan Corporation's 2018 and 2019 financial statements...

    thats everything that was provided 4-25. RATIO ANALYSIS The Corrigan Corporation's 2018 and 2019 financial statements follow, along with some industry average ratios. Corrigan is exempt from the interest deduction limitation because its average gross revenues for the prior 3 years was less than $25 million. So 100% of its interest expense is deductible. e. Assess Corrigan's market value ratios, and determine how its valuation compares with peers and how it has changed over time. Assume the firm's debt is...

  • a. Britton String Corp. manufactures specialty strings for musical instruments and tennis racquets. Its most recent sales were $880 million; operating costs (excluding depreciation) were equal to 85%...

    a. Britton String Corp. manufactures specialty strings for musical instruments and tennis racquets. Its most recent sales were $880 million; operating costs (excluding depreciation) were equal to 85% of sales; net fixed assets were $300 million; depreciation amounted to 10% of net fixed assets; interest expenses were $22 million; the state-plus-federal corporate tax rate was 25%; and it paid 40% of its net income out in dividends. Given this information, construct its income statement. Also calculate total dividends and the...

  • Darin Musical Company manufactures and sells parts for musical gadgets. The business earned net income of...

    Darin Musical Company manufactures and sells parts for musical gadgets. The business earned net income of $420,000 in 2018, when sales was 6,000 units and data for variable cost per unit and total fixed costs were as follows: Variable expenses per unit: $20 $50 $10 Direct Material Direct Labour Variable Manufacturing Overhead Fixed Manufacturing Overhead Fixed Selling Costs Fixed Administrative Costs Fixed expenses: $125,000 $75,000 $100,000 Required: i) Compute the expected selling price per unit, using the equation method. Given...

  • C-V-P ANALYSIS Discussion Question Darin Musical Company manufactures and sells parts for musical gadgets. The business...

    C-V-P ANALYSIS Discussion Question Darin Musical Company manufactures and sells parts for musical gadgets. The business earned net income of $420,000 in 2018, when sales was 6,000 units and data for variable cost per unit and total fixed costs were as follows: Variable expenses per unit: $20 $50 $10 Direct Material Direct Labour Variable Manufacturing Overhead Fixed Manufacturing Overhead Fixed Selling Costs Fixed Administrative Costs Fixed expenses: $125,000 $75.000 $100,000 Required: i) Compute the expected selling price per unit, using...

  • C-V-PANALYSIS. Discussion Question Darin Musical Company manufactures and sells parts for musical gadgets. The business earned...

    C-V-PANALYSIS. Discussion Question Darin Musical Company manufactures and sells parts for musical gadgets. The business earned net income of s420,000 in 2018, when sales was 6,00o units and data for variable cost per unit and total fixed costs were as follows: Variable expenses per unit: Direct Material $20 Direct Labour $50 Variable Manufacturing Overhead Fixed Manufacturing Overhead Fixed Selling Costs Fixed Administrative Costs Fixed expenses: $125.000 S75.000 S100,000 Required: Compute the expected selling price per unit, using the equation method....

  • Kendrick Company manufactures a DVD player called Orlicon. The company sells the player to discount stores...

    Kendrick Company manufactures a DVD player called Orlicon. The company sells the player to discount stores throughout the country. (Click the icon to view additional information.) Information about the current period (2017) and last period (2016) follows. (Click the icon to view the information for 2017 and 2016.) Suppose that during 2017, the market for DVD players grew 15%. All increases in market share (that is, sales increases greater than 15%) and decreases in the selling price of the Orlicon...

  • Betadon Sdn Bhd is a wholesale company which buys and sells low quality, high priced clothing....

    Betadon Sdn Bhd is a wholesale company which buys and sells low quality, high priced clothing. The clothes are purchased from a factory in Melaka. Betadon sells the clothes to retailers located all over the Klang Valley. Some of the company's account balances as at 31 December 2019 are shown below: RM Ordinary shares (RM2 per share) 4,000,000 5% redeemable preference shares 500,000 Retained earnings at 31 December 2018 500,000 10% debenture (due 2030) 120,000 Freehold land (cost) 3,000,000 Buildings...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT