Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $155 for a comforter. Misu Sheet wants to advertise the comforter as "percent markup on cost." a. What is the equivalent rate of percent markup on cost compared to the 20% markup on selling price? Note: Round your answer to the nearest hundredth percent. Rate of percent b. Is this a wise marketing decision? Yes % Ο ΝΟ Help Save & Exit

Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $155 for a comforter. Misu Sheet wants to advertise the comforter as "percent markup on cost." a. What is the equivalent rate of percent markup on cost compared to the 20% markup on selling price? Note: Round your answer to the nearest hundredth percent. Rate of percent b. Is this a wise marketing decision? Yes % Ο ΝΟ Help Save & Exit

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter8: Tactical Decision-making And Relevant Analysis

Section: Chapter Questions

Problem 9MCQ: Carroll Company, a manufacturer of vitamins and minerals, has been asked by a large drugstore chain...

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PLEASE ANSWER ASAP! THANK YOU! 1. After determining the total product cost of P100.00 per unit, Mr. Abecee the owner, decided to set mark-up of 15% on cost of his product. Determine the final retail price per unit of product. Show your solution. 2. What is the pricing strategy used by Mr. Abecee? Briefly explain this pricing strategy. 3. How many units must be sold for Mr. Abecee to Break-even if Fixed Cost isPhp 100,000, Unit Selling Price is Php10.00 and Unit Variable cost is Php.5.00. 4. Differentiate geographical pricing from psychological pricing. 5. If you are to put -up a small start-up business with a starting capital of P50,000 ...a) What business will it be? andb) What will be your best pricing strategy? Justify.
Calculate target cost using cost-plus pricing. E9.18 (LO 1, 2) Mucky Duck makes swimsuits and sells them directly to retailers. Although Mucky Duck has a variety of suits, it does not make the all-body suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. It says the all- body suit would sell for approximately $110. Given its experience, Mucky Duck believes the all-body suit would have the following manufacturing costs: $25 30 Manufacturing overhead 45 Total costs $100 Direct materials Direct labour Instructions a. Assume that Mucky Duck uses cost-plus pricing, and sets the price 25% above the product's costs. 1. What would be the price charged for the all-body swimsuit? 2. Under what circumstances might Mucky Duck consider manufacturing the all-body swimsuit given this approach? 3. What is the highest acceptable manufacturing cost Mucky Duck would be willing to incur to produce the all-body swimsuit? b. Assume…
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 $7 509
Homeward Hardware buys cat litter for $6 less 20% per baq. The store's overhead is 45% of cost and the owner requires profit of 20% of cost. 1. For how much should the bags be sold? 2. What is the amount of markup included in the selling price? 3. What is the rate of markup based on selling price? 4. What is the rate of markup based on cost? 5. What is the break-even price? 6. What operating profit or loss is made if a bag is sold for $6?
A clothing company has determined that if the price of a T-shirt is K40, then 150 will be demanded by T-shirt wearers. When the price is K45, then 100 T-shirts are demanded by T- shirts wearers.(a) Find the price-demand equation, assuming that it is linear.(b) Find the revenue function.(c) Find the number of items sold that will give the maximum revenue. What is the maximum revenue?(d) What is the price of each item when maximum revenue is achieved?
RoboGarden sells a robot lawn aerator. At the current price, RoboGarden's contribution margin is $129.84 per unit. Because of a shortage of silicon chips, RoboGarden expects variable cost to increase by $10.17. In response, RoboGarden is thinking about raising its selling price by $36.36. Calculate the percent profit breakeven metric for this situation. Report the correct sign for the result. Report your answer as a percent. Report -25.5%, for example, as "-25.5". Rounding: tenth of a percent.
H5.
Please help me to solve this problem
What would be the list price for the recliner?
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Jennings Hardware Store marks up its merchandise by 30%. If a part costs $25.00, which of the following is true? a. The price is $7.50. b. The markup is $32.50. c. The price is $32.50. d. The markup is pure profit. e. All of these choices are correct.
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.