Sales Estimated Fixed cost Variable Fixed cost Total cost price Sales per unit cost $1.00 1,600,000 bags $400,000 $0.25 $0.40 $0.65 $2.00 800,000 bags $400,000 $0.50 $0.40 $0.90 The table shows the estimated sales for two different prices of bags of chips. Calculate the total profit when selling bags for $1 each.

Sales Estimated Fixed cost Variable Fixed cost Total cost price Sales per unit cost $1.00 1,600,000 bags $400,000 $0.25 $0.40 $0.65 $2.00 800,000 bags $400,000 $0.50 $0.40 $0.90 The table shows the estimated sales for two different prices of bags of chips. Calculate the total profit when selling bags for $1 each.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Assume the following information for a merchandising company: Number of units sold Selling price per unit Variable selling expense per unit Variable administrative expense per unit$2 Fixed administrative expenses Beginning merchandise inventory Ending merchandise inventory Merchandise purchases What is the gross margin? O $155,000 O $260,000 O $255,000 O $265,000 20,000 $30 $3 $50,000 $24,000 $19,000 $340,000
Determine the missing amounts. Unit SellingPrice Unit VariableCosts Unit ContributionMargin Contribution MarginRatio 1. $750 $375 $ (a) % (b) 2. $450 $ (c) $153 % (d) 3. $ (e) $ (f) $760 40 %
Assume that markup is based on selling price. Calculate the dollar markup and cost. (Round your answers to the nearest cent.) Selling price Dollar Item Markup percent Cost markup Canon scanner 2$ 105 40 %
Assume the following information for a merchandising company: Number of units sold 20,000 Selling price per unit Variable selling expense per unit Variable administrative expense per unit Fixed administrative expenses $ 30 $3.40 Beginning merchandise inventory Ending merchandise inventory Merchandise purchases $ 2.40 $ 50,000 $24,000 $ 19,000 $340, 000 What is the contribution margin?
Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item Cost Amount ofMarkup Selling price Percent MarkupBased on Cost Bookcase $41.40 $24.50 $ %
1.Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item Cost Amount ofMarkup Selling price Percent MarkupBased on Cost Hat $24.75 $30.00 $ % 2.A customer just paid $63.21 for a raincoat. If the percent markup based on cost is 47%, what was the cost (in $)?$ 3.Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item PercentMarkupBased onCost PercentMarkupBased onSelling Price Flashlight % 55% 4.Calculate the missing information. Round dollars to the nearest cent and percents to the nearest tenth of a percent. Item PercentMarkupBased onCost PercentMarkupBased onSelling Price Drill % 42%
1.2 REQUIRED Calculate the economic order quantity (EOQ) from the information provided below. INFORMATION The monthly demand for an item sold by Super Stores is 1 000 units. The cost is R6 per unit and the item is sold at cost price plus 50%. The ordering cost amounts to R25 per order and the holding cost per unit is equal to 10% of the unit cost of the item.
If cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select one: a. $2,600,000. b. $130,000. c. $ 520,000. d. $416,000.
Type the formulas to calculate the following: In cell B9, calculate the grand total amount owing for all customers. In ce E KBC DFGHJ1 Cost Retail 2 Mussels R12,40 R21, 70 3 Crabs R25, 60 R44,804 Markup % 75,0% 5 Discount % 8,5% EFT 6 VAT % 15 89 Total Sales 10 Cost of Sales 11 Profit or Loss No of 12 Customers No of Crab 13 Customers Sales of Mussel 14 Customers 15 Can
Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Y7 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: Estimated Estimated Variable Cost Fixed Cost (per unit sold) Production costs: Direct materials $50.00 Direct labor 30.00 Factory overhead $350,000 6.00 Selling expenses: Sales salaries and commissions 340,000 4.00 Advertising 116,000 Travel 4,000 Miscellaneous selling expense 2,300 1.00 Administrative expenses: Office and officers' salaries 325,000 Supplies 6,000 4.00 Miscellaneous administrative expense 8,700 1.00 Total $1,152,000 $96.00 It is expected that 12,000 units will be sold at a price…
Find the gross margin percent when: Gross sales 435,000 Customer returns and allowances 49,000 Purchases at cost I 195,000 Freight charges 1,800 Cash discounts 4%
Assume the following information for a merchandising company: Number of units sold Selling price per unit. Variable selling expense per unit Variable administrative expense per unit Fixed administrative expenses Beginning merchandise inventory Ending merchandise inventory Merchandise purchases What is the amount of total variable expenses? 20,700 $ 30 $ 3 $2 $ 50,000 $ 24,000 $ 19,000 $ 341,000

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