QUESTION 10 Use the table below to answer the following question(s). Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and December. The store then sells the remaining units in a clearance sale at 65 percent discount. Out of the 60 main retail days, Fiberia sells the sweaters at full retail price for only 45 days, while giving a discount of 25 percent for the remaining 15 days. The demand functions a, and b are given as 79.5 and 1.1 respectively. Marked Down Pricing Model for Fiberia Accessories's new sweater Data Retail Price Inventory Selling Season (days) Days at Full Retail Intermediate Markdown Clearance Markdown Demand Function A B $65 1500 60 45 25 percent 25 65 percent $16,200 O $17,550 79.5 |1.1 Calculate the total revenue during the full retail sales period. O $23,400 O $2,880

QUESTION 10 Use the table below to answer the following question(s). Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and December. The store then sells the remaining units in a clearance sale at 65 percent discount. Out of the 60 main retail days, Fiberia sells the sweaters at full retail price for only 45 days, while giving a discount of 25 percent for the remaining 15 days. The demand functions a, and b are given as 79.5 and 1.1 respectively. Marked Down Pricing Model for Fiberia Accessories's new sweater Data Retail Price Inventory Selling Season (days) Days at Full Retail Intermediate Markdown Clearance Markdown Demand Function A B $65 1500 60 45 25 percent 25 65 percent $16,200 O $17,550 79.5 |1.1 Calculate the total revenue during the full retail sales period. O $23,400 O $2,880

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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