The Finishing Touch is a boutique that specializes in ladies accessories, such as purses, scarves, belts, and costume jewelry. The owner of the shop has a marketing degree from the University of Colorado and has decided to put her education to work and do some analysis on her sales. One of the purses in her shop costs her $17, and she currently sells it for $40, which she has calculated to be the profit maximizing price. She is considering using this particular purse as a loss leader to attract more customers and wants to calculate the percentage change in demand that she will experience if she reduces the current price of the purse by 22%. She has determined that the demand for the purse is linear. 0.0% 1 2 3 4 Percent (US) 5 6 7 8 9 10 PREVIOUS QUESTION NEXT QUESTION

Suppose that you have been given a summer job as an Intern at Issac Alrcams, a company that manufactures sophisticated spy cameras for remote-controlled millitary reconnalssance alrcraft. The company, which is privately owned, has approached a bank for a loan to help finance its growth. The bank requires financlal statements before approving the loan. Requlred: Classify each cost listed below as elther a product cost or a perlod cost for the purpose of preparing financial statements for the bank. Costs Product Cost or Period Cost 1. Depreciation on salespersons' cars. 2. Rent on equipment used in the factory. 3. Lubricants used for machine maintenance. 4. Salaries of personnel who work in the finished goods warehouse. 5. Soap and paper towels used by factory workers at the end of a shift. 6. Factory supervisors' salaries. 7. Heat, water, and power consumed in the factory. 8. Materials used for boxing products for shipment overseas. (Units are not normally boxed.) 9. Advertising costs.…

Columbus Inc. sells a high end hair dryer in a super competitive marketplace. As a result, market research and competitive pressures influence the determination of their selling price. Their marketing department has done a comprehensive analysis and It looks like a price of $57 would be appropriate given the present business environment. The company has a goal of earning $28 on each unit. What is the target unit cost of each hair dryer? Enter your answers without dollar signs or commas.

Rahul

Compute the total cost, expected profit, and selling price. Write your solution and answer on the space provided. Show your solution. 1. Lara bought materials for her jewelry business. She bought Php315 beads, and PhP257 bead wire. Her transportation cost about PhP55 and the labor is about PhP40. Her desire profit is 50%. 2. Marivic's Accessory Shop ordered materials thru online for their Memory wire bracelet. They ordered PhP405 color green beads, and PhP225 pink small beads, wire Php120, shifting fee is PhP80. The operational cost is 544, and the desire profit is 40%.

Danielle Hastings was recently hired as a cost analyst by CareNet Medical Supplies Inc. One of Danielle’s first assignments was to perform a net present value analysis for a new warehouse. Danielle performed the analysis and calculated a present value index of 0.75. The plant manager, Jerrod Moore, is very intent on purchasing the warehouse because be believes that more storage space is needed. Jerrod asks Danielle into his office and the following conversation takes place: Jerrod: Danielle, you’re new here, aren’t you? Danielle: Yes, I am. Jerrod: Well, Danielle, I’m not at all pleased with capital investment analysis that you performed on this new warehouse. I need that warehouse for my production. If I don’t get it, where am I going to place out output? Danielle: Well, we need to get product into our customer’s hands. Jerrod: I agree, and we need a warehouse to do that. Danielle: My analysis does not support constructing a new warehouse. The numbers don’t lie; the warehouse does not…

Suppose that Demont has been given a summer job as an intern at Isaac Aircams, a company that manufactures sophisticated spy cameras for remote-controlled military reconnaissance aircraft. The company, which is privately owned, has approached a bank for a loan to help it finance its growth. The bank requires financial statements before approving such a loan.   Classify each cost listed below as either product costs or period costs for the purpose of preparing the financial statements for the bank.   Costs Product Cost/Period Cost 1. Depreciated on salesperson's cars  2. Rent on equipment used in the factory  3. Lubricants used for machine maintenance  4. Salaries of personnel who work in the finished goods warehouse  5. Soap and paper towels used by factory workers at the end of a shift

Linda owns a small manufacturing company, Swifty Camping Stuff Co. The company has been working to perfect a lightweight plastic material to be used for a variety of camping products. Linda plans to enter the marketplace with a durable, lightweight folding table. Similar tables regularly sell for $41-$46 for a 6-foot table, so Linda realizes that she'll have to stay within that range. She believes her table could sell on the higher end of this range, however, so she is using a target selling price of $46 for planning purposes. Linda needs to generate an ROI of at least 15% on her invested assets to make this worthwhile in the long term. Her invested assets are $540,000, and she expects to sell 4,050 tables in her first year of activity. (a) Calculate the target cost for one table. Target cost for one table $ T.

You are a newly hired accountant for Sushi Beeber, Inc., a retail company specializing in apparel for small pets. The company would like to expand its apparel line to include sweaters for cats. Sushi Beeber has found several manufacturers that offer competitive prices to ensure cost of goods sold is low. Because the company receives merchandise from different manufacturers and the cat sweaters will be commoditized, the company needs to develop an internal accounting system to keep track of inventory cost. You think that the weighted average cost method may help the company stay up-to-date with the inventory cost as purchase cost changes over time. Your task is to create a spreadsheet that can calculate the inventory cost based on purchases and sales for the month.  See attached spreadsheet.-this has the information you need!  The chart below is what I need to fill in.       Inventory Weighted Date Purchase/Sale Total Cost Average Cost 1-Oct Purchase     1-Oct Sale     3-Oct…

You are a newly hired accountant for Sushi Beeber, Inc., a retail company specializing in apparel for small pets. The company would like to expand its apparel line to include sweaters for cats. Sushi Beeber has found several manufacturers that offer competitive prices to ensure cost of goods sold is low. Because the company receives merchandise from different manufacturers and the cat sweaters will be commoditized, the company needs to develop an internal accounting system to keep track of inventory cost. You think that the weighted average cost method may help the company stay up-to-date with the inventory cost as purchase cost changes over time. Your task is to create a spreadsheet that can calculate the inventory cost based on purchases and sales for the month.  See attached spreadsheet. nventory Weighted Date Purchase/Sale Total Cost Average Cost 1-Oct Purchase     1-Oct Sale     3-Oct Purchase     4-Oct Sale     4-Oct Sale     4-Oct Purchase     7-Oct Sale…