engineering firm is comparing two manufacturers list prices . Premier Products offers a single trade discount of 22%. Integrity Manufacturing offers a series discount of 20/2 / 1 What are the savings on this $15,000 order if the least expensive manufacturer is chosen? (Find the difference in cost
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The CFO of Jason Bradley's engineering firm is comparing two manufacturers list prices . Premier Products offers a single trade discount of 22%. Integrity Manufacturing offers a series discount of 20/2 / 1 What are the savings on this $15,000 order if the least expensive manufacturer is chosen? (Find the difference in cost between the two manufacturers .)
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- A company operates in a competitive marketplace. They look to the market to determine their selling price. It looks like the market will bear a price of $438. The company has a goal of earning 10% return on sales on each unit. What would their target cost be? Round your answer to the nearest whole dollar.# You can buy a product from one of three companies. Company A for $3,200 with a trade discount of 30%, Company B for $2,900 with a trade discount of 20% and 10%, or Company C for $3,450 with a trade discount of 20%, 15%, 5%. Which company has the lowest net price?A furniture manufacturer has a unit cost of $100 on an end table and wishes to achieve a margin of 60% based on selling price. If the manufacturer sells directly to a retailer who then adds a set margin of 50% based on selling price, determine the retail price charged to consumers
- Easy Solutions limited manufactures electronic calculators. One of its top-selling calculators has a price of $50. Recently, a competitor entered the market and started offering a similar calculator at a price that is 20% below the $50 price of Easy Solutions. Company policy requires Easy Solutions to have a profit margin equal to 30% on sales of each of its products. 1.What target cost would have to be set for the Easy Solutions calculator to remain competitive and still meet the target profit margin of the company? 2.Hugh Taylor, the newly appointed clerical assistant, thinks that the current cost of the calculator and its existing capabilities is not appropriate to achieve the target cost. Explain to Mr Taylor and the management how the company could apply the principles of product life cycle management and value engineering to achieve the target cost.Easy Solutions limited manufactures electronic calculators. One of its top-selling calculators has a price of $50. Recently, a competitor entered the market and started offering a similar calculator at a price that is 20% below the $50 price of Easy Solutions. Company policy requires Easy Solutions to have a profit margin equal to 30% on sales of each of its products. 1.What target cost would have to be set for the Easy Solutions calculator to remain competitive and still meet the target profit margin of the company? 2.Flyer Company sells a product in a competitive marketplace. Market analysis indicates that its product would probably sell at $48 per unit. Flyer's management desires a 12.5% profit margin on sales. Its current full cost for the product is $44 per unit.If the company cannot cut costs any lower than they already are, what would the profit margin on sales be to meet the market selling price?
- Athletics sells bicycles for $350 less 15% during the spring sale. city cycle sells their bicycles for 325 less 7%. What additional rate is needed for the two companies to match in price given they want to sell at the lower cost? *The Caplow Company, a chair manufacturing shop decides to use target profit pricing toestablish a price for a chair. The variable cost for each chair is $25. Fixed costs for the company is $50,000. What price should the company set, if they target a 20% return on sales for 10,000 units?San De Marco Company. has a very unique product with no real competitors, therefore they use cost plus pricing. They mark up their cost by 78% to set selling price. The cost of their product is $87. What is the selling price of their product? Enter your answer by rounding to the nearest whole dollar. Don't enter dollar signs or commas.
- Homoward Hardware buys cat liter for $6 less 20% per bag. The store's overhead is 45% of cost and the owner requires a profit of 20% of cost (a) (b) (c) (d) (e) (7) For how much should the bags be sold? What is the amount of markup included in the selling price? What is the rate of markup based on selling price? What is the rate of markup based on cost? What is the break-even price? What operating profit or loss is made if a bag is sold for $7 509Many different businesses employ markup on cost to arrive at a price. For each of the following situations, explain what the markup covers and why it is the amount that it is. a. Department stores have a markup of 100 percent of purchase cost. b. Jewelry stores charge anywhere from 100 percent to 300 percent of the cost of the jewelry. (The 300 percent markup is referred to as keystone.) c. Johnson Construction Company charges 12 percent on direct materials, direct labor, and subcontracting costs. d. Hamilton Auto Repair charges customers for direct materials and direct labor. Customers are charged 45 per direct labor hour worked on their job; however, the employees actually cost Hamilton 15 per hour.Walton Corporation is currently selling 104 units of its product. The company is deciding the price that it should charge for a bulk order of 40 units. The variable cost per unit is $200. This order will not involve any additional fixed costs and the company's current sales will not be affected. The company targets a profit of $4,000 on the bulk order. What selling price per unit should the company quote for the bulk order?