The following data relate to a company that produces and sells a travel guide that is updated monthly: Fixed costs: Copy editing $6,000 2,000 72,000 Art work Typesetting Variable costs: Printing and binding $3.20 per copy Bookstore discounts 4.00 per copy Salespersons' 0.50 per copy commissions Author's royalties 2.00 per copy Each book sells for $20.00. The company sold 8,000 books in June and 10,000 books in July. The contribution margin ratio for the book is: (round your final answer to the nearest tenth of a percent.) O 71.5% 52.0% 51.5% O 54%

The following data relate to a company that produces and sells a travel guide that is updated monthly: Fixed costs: Copy editing $6,000 2,000 72,000 Art work Typesetting Variable costs: Printing and binding $3.20 per copy Bookstore discounts 4.00 per copy Salespersons' 0.50 per copy commissions Author's royalties 2.00 per copy Each book sells for $20.00. The company sold 8,000 books in June and 10,000 books in July. The contribution margin ratio for the book is: (round your final answer to the nearest tenth of a percent.) O 71.5% 52.0% 51.5% O 54%

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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Can you assist please The BEV Toy Shop purchased 50 wagons at $45 per wagon less a 40% trade discount on May 8. The invoice had terms of 3/10, 2/20, N/30. On May 18, the shop sent a check for an amount that gave it a credit for ½ the balance due. On May 31, the remaining balance was paid. The shop expects a profit of 30% of cost and 15% of cost for operating expenses. From May until the end of September, the shop sold 40 wagons at its regular markup. From September through December, the remaining wagons were sold with a 35% markdown price. It is your task to determine the following, remembering to show and label all calculations: The regular list price per wagon rounded to the nearest cent. The reduced list price per wagon rounded to the nearest cent. The total revenue received from the sale of all wagons. thanks
The following data relate to a company that produces and sells a travel guide that is updated monthly: Fixed costs: Copy editing Artwork Typesetting Variable costs: Printing and binding Bookstore discounts Salespersons' commissions Author's royalties a. Higher than that for June. b. Not determinable. Each book sells for $20.00. The company sold 8,000 books in June and 10,000 books in July. What is the degree of operating leverage for July? C. The same as that for June. d. Lower than that for June. $6,000 $2,000 $72,000 $3.20 per copy $4.00 per copy $0.50 per copy $2.00 per copy
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Demand for a book at Amazon.com is 250 units per week. The product is supplied to Amazon from a factory. The factory charges Amazon $10 per book, while the total cost of shipping an order from the factory to the Amazon, when the shipment size is Q, is given by Shipment cost = $50 + 2Q Assume the annual inventory carrying cost is 20 percent. a-1. What is Amazon's total cost per shipment? Cost per shipment $ Q a-2. What is the annual holding cost per book? (Round your answer to 2 decimal places.) Annual holding cost$| per book b. What is the optimal shipment size? (Assuming 50 weeks per year. Round your answer to the nearest whole number.) Optimal shipment size books c. What is the average throughput time? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Average throughput time months
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