1-A retailer pays a wholesaler $24.00 for an item and then sells it with a 25...
1-A retailer pays a wholesaler $24.00 for an item and then sells it with a 25 percent markup. What is the retailer's selling price?
2-A college "marketing club" printed 1,000 "We're Number 1" bumper stickers for sale at $3.00 each as a fund-raiser. Its fixed costs were $500, and the variable cost for each sticker was $.50. What is the club's average cost?
3-If a firm's total fixed cost is $400,000 and its fixed cost contribution per unit is $10, what is its break-even in units?
I need with these questions. Please show work...
Homework Answers
Dear student, only one question is allowed at a time. I am answering the first question
Markup
= Wholesale price x Markup percentage
= $24 x 25%
= $6 per unit
So, Retailer’s selling price
= Wholesale price + Markup
= $24 + $6
= $30 per unit
Add Answer to:
1-A retailer pays a wholesaler $24.00 for an item and then sells
it with a 25...
Jacob's Inc. manufactures ladders. Currently they manufacture and sell 100,000 ladders per year. The variable cost...
Jacob's Inc. manufactures ladders. Currently they manufacture and sell 100,000 ladders per year. The variable cost per ladder is $8, and total fixed costs are $200,000. Jacob's Inc. has the capacity to increase sales by 20,000 units. Within the relevant range, what can Jacob's Inc. expect to happen to its costs? O A. Variable costs per unit will increase. OB. Fixed costs will remain at $2 per unit. OC. Variable costs will remain at $8 per unit. OD. Fixed costs...
kayak for A sporting goods retailer purchases items to sell in his store. He purchases 1.2...
kayak for A sporting goods retailer purchases items to sell in his store. He purchases 1.2 a $250 and sells it for $625. Determine the following: a. dollar markup b. markup percentage on cost . markup percentage selling price c. on 1.3 A consumer purchases a bicycle from a retailer for $150. The retailer's markup is 40%, and the wholesaler's markup is 15 % , both based on selling price. For what price does the manufacturer sell the product to...
EXERCISES IN FINANCIAL ANALYSIS OF MARKETING DECISIONS 1. An item sells with a markup of 37...
EXERCISES IN FINANCIAL ANALYSIS OF MARKETING DECISIONS 1. An item sells with a markup of 37 per cent on selling price. What is the markup as a percentage on cost? 2. Nora Chambers is preparing a new product analysis for a product she has code- named L240. She has decided L240 should sell at $94.95 retail, based on her market research. Retailers customarily expect a 40 per cent markup and wholesalers, a 20 per cent markup (both expressed as a...
Marketing by the Numbers Exercise Set One Now that you've studied pricing, break-even, and margin analysis...
Marketing by the Numbers Exercise Set One Now that you've studied pricing, break-even, and margin analysis as they relate to Connect Phone's new-product launch, use the following exercises to apply these concepts in other contexts. 1.1 Sanborn, a manufacturer of electric roof vents, realizes a cost of $55 for every unit it produces. Its total fixed costs equal $2 million. If the company manufactures 500,000 units, compute the following: a. unit cost b. markup price if the company desires a...
Question 1 Shannon’s distributes its beer through a wholesaler, Miller of Denton. The retail selling price...
Question 1 Shannon’s distributes its beer through a wholesaler, Miller of Denton. The retail selling price for a six pack of its typical craft beer is $12.00. The retailer’s cost per six pack is $8.00. The wholesaler sells the beer to the retailer for this price. Shannon’s sells a six pack to the wholesaler for $5.40. Shannon’s variable costs of production, packaging, and distribution are $3.60 per six pack. Shannon’s has the following annual fixed operating and marketing costs: Marketing...
A contribution margin income statement organizes costs by behavior
Contribution Margin Income StatementA contribution margin income statement organizes costs by behavior (variable or fixed), rather than by function (operating, selling, or administrative). The contribution margin is the difference between sales and variable expenses .Byron Manufacturing has one product that sells for $24.00 per unit. The company estimates fixed costs at $6,000, direct materials at $4.00 per unit, direct labor at $5.00 per unit, and variable overhead costs at $3.00 per unit.Fill in the contribution margin income statement when 730...
Exercise 3 (25 points) Marketing Scenario for a retailer: You sell a particular product line. Given...
Exercise 3 (25 points) Marketing Scenario for a retailer: You sell a particular product line. Given the information below, answer each of the questions asked. You are given the following information (2017 Annual): Price per Unit $25.00 Advertising $15,000 Packaging per unit $ 5.00 Direct Labor per unit $ 8.00 Depreciation $25,000 Royalties per unit $ 2.00 Plant and Equipment Rent $50,000 Total Units Sold 10,000 Your firm's Total Assets are $400,000 with total equity of $75,000 To answer the...
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the...
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15.00 per ball, of which 60% is direct labor cost. Last year, the company sold 40,000 of these balls, with the following results: Sales (40,000 balls) $ 1,000,000 Variable expenses 600,000 Contribution margin 400,000 Fixed expenses 265,000 Net operating income $ 135,000 Required: 1....
Break = FC even CM- (SP-vc) MKT201 Chapter 12 Pricing Problem - BH Press R 1...
Break = FC even CM- (SP-vc) MKT201 Chapter 12 Pricing Problem - BH Press R 1 0 var old publishing company which markets a range of printed material literature such as paperback bestsellers and classica e Currently, the marketing manager is developing the marketing plan for the Summer introduction of the bestseller New Zealand and Ruby. There is fierce competition in the publishing instry for public awareness and distribution space in retail establishments for a pub assortment of paperback books...
2. Diversified Citrus Industries (DCT) is a manufacturer who sells to wholesalers who sell to retailers....
2. Diversified Citrus Industries (DCT) is a manufacturer who sells to wholesalers who sell to retailers. After spending 300,000 for research and development (investment or sunk oosts), chemists at DCI have developed a new breakfast drink The drink, called Zap, will provide the consumer with twice the amount of vitamin C currently available in breakfast drinks. Zap will be packaged in an 8-ounce can and will be introduced to the breakfast drink market, which is estimated to be equivalent to...
Jacob's Inc. manufactures ladders. Currently they manufacture and sell 100,000 ladders per year. The variable cost per ladder is $8, and total fixed costs are $200,000. Jacob's Inc. has the capacity to increase sales by 20,000 units. Within the relevant range, what can Jacob's Inc. expect to happen to its costs? O A. Variable costs per unit will increase. OB. Fixed costs will remain at $2 per unit. OC. Variable costs will remain at $8 per unit. OD. Fixed costs...
kayak for A sporting goods retailer purchases items to sell in his store. He purchases 1.2 a $250 and sells it for $625. Determine the following: a. dollar markup b. markup percentage on cost . markup percentage selling price c. on 1.3 A consumer purchases a bicycle from a retailer for $150. The retailer's markup is 40%, and the wholesaler's markup is 15 % , both based on selling price. For what price does the manufacturer sell the product to...
EXERCISES IN FINANCIAL ANALYSIS OF MARKETING DECISIONS 1. An item sells with a markup of 37 per cent on selling price. What is the markup as a percentage on cost? 2. Nora Chambers is preparing a new product analysis for a product she has code- named L240. She has decided L240 should sell at $94.95 retail, based on her market research. Retailers customarily expect a 40 per cent markup and wholesalers, a 20 per cent markup (both expressed as a...
Marketing by the Numbers Exercise Set One Now that you've studied pricing, break-even, and margin analysis as they relate to Connect Phone's new-product launch, use the following exercises to apply these concepts in other contexts. 1.1 Sanborn, a manufacturer of electric roof vents, realizes a cost of $55 for every unit it produces. Its total fixed costs equal $2 million. If the company manufactures 500,000 units, compute the following: a. unit cost b. markup price if the company desires a...
Exercise 3 (25 points) Marketing Scenario for a retailer: You sell a particular product line. Given the information below, answer each of the questions asked. You are given the following information (2017 Annual): Price per Unit $25.00 Advertising $15,000 Packaging per unit $ 5.00 Direct Labor per unit $ 8.00 Depreciation $25,000 Royalties per unit $ 2.00 Plant and Equipment Rent $50,000 Total Units Sold 10,000 Your firm's Total Assets are $400,000 with total equity of $75,000 To answer the...
Break = FC even CM- (SP-vc) MKT201 Chapter 12 Pricing Problem - BH Press R 1 0 var old publishing company which markets a range of printed material literature such as paperback bestsellers and classica e Currently, the marketing manager is developing the marketing plan for the Summer introduction of the bestseller New Zealand and Ruby. There is fierce competition in the publishing instry for public awareness and distribution space in retail establishments for a pub assortment of paperback books...
2. Diversified Citrus Industries (DCT) is a manufacturer who sells to wholesalers who sell to retailers. After spending 300,000 for research and development (investment or sunk oosts), chemists at DCI have developed a new breakfast drink The drink, called Zap, will provide the consumer with twice the amount of vitamin C currently available in breakfast drinks. Zap will be packaged in an 8-ounce can and will be introduced to the breakfast drink market, which is estimated to be equivalent to...
Most questions answered within 3 hours.
-
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 38 minutes ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 1 hour ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 2 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 3 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 4 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 4 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 5 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 6 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 6 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 8 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 9 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 9 hours ago