Elite Footwear sold 40 pairs of gloves, making a 30% profit of $240. How much did they charge for each pair?
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- Green Apparel is a retail men's clothing store. Green's variable cost is $18 per shirt, and the sales price is $38 per shirt. Green plans to sell 350,000 shirts for the year, and at this level, they would generate a before-tax profit of $2,100,000. Green Apparel also received a discount of 5% on their office furniture, which cost $10,000. What is the DCL at this volume level? Nara Industries presents its partial income statement as follows: Sales: $2,000,000 Less: Variable costs: $1,200,000 Contribution Margin: $800,000 Less: Fixed costs: $300,000 Additional Staff Bonuses: $25,000 Net Operating Income: $500,000 Requirement: What is Nara Industries' degree of operating leverage? Options: 5.66 2.90 2.67 3.05Michelle bought jackets for her boutique at a cost of $311 each. The jackets were marked up so that operating expenses were 33% of the cost and profit was 37% of the cost. What is the retail price of a jacket? Answer: What are the assumed operating expenses on the sale of a jacket? Answer: During her annual 40% off spring sale, the last six jackets were sold. What is the reduced selling price during the spring sale? Answer:Discount Cycles is a small company that makes bikes priced at $130 each. There is no quantity discount. The costs of the materials for each bike are $60. It costs $15 in labour to assemble a bike. The company has monthly expenses of $1 000 for rent and insurance, $100 for heat, and $300 for advertising. If Discount Cycles sells 200 bikes in a given month, what is the monthly profit? $8 400 O $10 300 $6 400 $9 600 O $6 900
- Pixel Vision Ltd. is a retailer of premium drones .Typically, the company purchases a drone for $750 and sells it for $1,250. What is the gross profit on this drone?The Knockey Corporation sells hockey sticks at a wholesale price of $103. If a store marks this up 106%, what is the retail price?A company rents snow skis and transports customers to and from their ski trip at a local ski slope. The trip is priced at $20 per person and has a CM ratio of 40%. The company's fixed expenses are $84,000. Last year, sales were $400,000 and profit was $36,000. How many units need to be sold to break- even, and how many need to be sold to earn a profit of $42,000? Multiple Choice 4,500 and 5,250 6,000 and 8,143 14,000 and 21,000 10 500 and 15 750