Question 3: The shops branch out into record players. You are trying to determine the profit-maximising price for a turntable. Each turntable costs £150 to purchase from the supplier and currently you are charging £220, selling 200 a year. The PED for turntables is -3. What price should you charge?

Question 3: The shops branch out into record players. You are trying to determine the profit-maximising price for a turntable. Each turntable costs £150 to purchase from the supplier and currently you are charging £220, selling 200 a year. The PED for turntables is -3. What price should you charge?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 8EB: Shonda & Shonda is a company that does land surveys and engineering consulting. They have an...

See similar textbooks

Similar questions

A vendor tries to sell you a subscription at $40 per user per month. You need 3 users to access the system. What will your annual cost be?
Hand written solutions are strictly prohibited
You are buying and reselling items found at your local thrift shop. You found an antique pitcher for sale. If you need a 46% markup on cost and know most people will not pay more than $25 for it, what is the most you can pay for the pitcher? Note: Round your answer to the nearest cent. Maximum pay I
Hi please answer 2b. You decide to take advantage of the store’s payment plan. The payment plan’s terms are as follows: 18 equal monthly payments, 6% interest, compounded monthly. a) What is the total cost that you will end up paying for the Chromebook? b) What will your monthly payment be?
Solve the problems. 2. You want to buy a sectional sofa that costs $5300 by saving money in your savings account which pays 2.1% compounded interest. a. How long will it take you to save for your sofa if you make regular monthly deposits of $200.00? b. How much money will you end up paying for the sectional sofa?
Example : You want to buy a $18,500 car. The company is offering a 3% interest rate for 4 years. What will your monthly payments be? I will do this one for you and show you how I want you to describe your formula/inputs in excel if that is how you choose to go about solving problems 2 through 5 - which I strongly recommend. If you choose to perform the calculations by hand show the formula used with values. Excel: Formula used: PMT Rate input: .03/12 NPer input: 4*12 Pv input: 18500 Answer : $409.49 per month 2. You want to buy a $22,500 car. The company is offering a 4% interest rate for 5 years. a.What will your monthly payments be? Round to the nearest cent .b. Assuming you pay that monthly amount for the entire 5 years, what is the total amount of money you will pay during those 5 years for the car? c.How much interest will you pay during those 5 years?
Uregentaly sir
3 After researching the cost of a shredder for your online business, you settle on a more expensive shredder because the credit terms are better and cash flow is a challenge for you during the summer months. If you buy a shredder for $1,399 with net 30 terms on August 22, how much do you need to pay on September 5? (Use Table 7.1) Note: Do not round intermediate calculations. Round your answer to the nearest cent. " 15 Payable amount
Please include excel formulas
● When might you want to compute the number of periods? ● Suppose you want to buy some new furniture for your family room. You currently have $500, and the furniture you want costs $600. If you can earn 6%, how long will you have to wait if you don't add any additional money?
PLS ANSWER THIS QUESTION ASAP WILL RATE YOU!
A furniture store has a love seat on sale for $699.00, with the payment due one year from today. The store is willing to discoun the price at an annual rate of 5% if you pay today. What is the amount if you pay today? THE SUBJECT IS MONEY AND BANKING.