The Katie's Card Shop sells calendars with different Colonial pictures shown for each month. The once-a-year order for each year's calendar arrives in September. From past experience the September to Marchdemand for the calendars can be approximated by a normal distribution with mean 400 and standarddeviation 100. The calendars cost $2 each, and Katie sells them for $3 each. a) If Katie throws out all unsoldcalendars at the end of March (i.e., salvage value is zero), how many calendars should be ordered? f Katiereduces the calendar price to $ 0.5 at the end of March and can sell all surplus calendars at this price, howmany calendars should be ordered? show me how to solve this step by step in excel you are talking to astupid person I need you to tell me in Cell A1 what to enter and so forth

Solution:-The question is about Katie's Card Shop sells calendars with unique colonial images for…

Answered: The Katie's Card Shop sells calendars…

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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Janet Foster bought a computer and printer at Computerland. The printer had a $620 list price with a $100 trade discount and 2/10, n/30 terms. The computer had a $2,200 list price with a 25% trade discount but no cash discount. On the computer, Computerland offered Janet the choice of (1) paying $90 per month for 17 months with the 18th payment paying the remainder of the balance or (2) paying 8% interest for 18 months in equal payments. a. Assume Janet could borrow the money for the printer at 8% to take advantage of the cash discount. How much would Janet save? Note: Use 360 days a year. Round your answer to the nearest cent. Janet's savings b. On the computer, what is the difference in the final payment between choices 1 and 2? Note: Round your answer to the nearest cent. Difference final payment
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You plan to buy the new iPhone when it is released 6 months from now. You believe it will sell for $999 dollars. You know that you will need to cut back on other expenditures to ensure you have the money ready upon release and decide to start skipping some of your daily Starbucks purchases to afford the new phone. Your usual Starbucks order costs $5. The money you save will earn an interest rate of .5% a month. How many Starbucks coffees each month do you need to sacrifice in order to have saved the $999 for your new phone?
Mary Walker sells homemade knit scarves for $25 each at local craft shows. Her contribution margin ratio is 60%. Currently, the craft show entrance fees cost Mary $1,500 per year. The craft shows are raising their entrance fees by 25% next year. How many extra scarves will Mary have to sell next year just to pay for rising entrance fee costs?
Your company, OllieGenius, sells skateboards. On January 1st, you started the company and purchased a batch of skateboards for $100 per skateboard (per unit). On March 1st, your company purchased another batch of skateboards for $120 per skateboard (per unit). On June 1st, your company purchased a third batch of skateboards for $110 per skateboard (per unit). A teenage girl walks in to your store on June 2nd and buys one skateboard for $180. Determine what the gross profit on her one skateboard will be using the FIFO method. $60 $90 $70 O $80
The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is thinking ofexpanding his sales by hiring local high school students, on a commission basis, to sell sweatshirts bearingthe name and mascot of the local high school.These sweatshirts would have to be ordered from the manufacturer six weeks in advance, and theycould not be returned because of the unique printing required. The sweatshirts would cost Mr. Hooper$8 each with a minimum order of 75 sweatshirts. Any additional sweatshirts would have to be ordered inincrements of 75.Since Mr. Hooper’s plan would not require any additional facilities, the only costs associated with the project would be the costs of the sweatshirts and the costs of the sales commissions. The selling price of the sweatshirts would be $13.50 each. Mr. Hooper would pay the students a commission of $1.50 for each shirt sold.Required:1. To make the project worthwhile, Mr. Hooper would require a $1,200 profit for the first…
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RPS co-op introduced a loyalty program in 2020. every customer who signed up would receive 3% of their total purchases as a cheque, each February for the previuos year, that could br used in sotre on any merchandise eithin the next nine months. customers could look online during the year and check their balance at any time. Laura signed up for the program in 2020. when she purchased a kayak in July for 1100. later in september she purchased a mountain bike for 2200. in March 2021 she purchased a paddle board for 2100 and used her cheque toward the purchase. A) Record the sale of Kayak and loyalty points. B)Record sale of mountain bike and loyalty points C) Record the sales of paddleboard, use of rewards points, cheque towards its purchase and the rewards points earned on sale. D) In 2020 RPS Co-op had a total pf 497,000 in sales to customers who had signed up with the loyalty program. What is the amount of liability that woudl be created by these sale?
Sally Sells Seashells by the Seashore. She pays kids $2 a bag for the shells they collect and she sells them for $5 a bag. The bags are 25 cents per piece. She has a stand on the boardwalk that costs her $35 a day and she needs to pay Rehoboth City 5% of sales. She has to get a new sign everyday for $15. Her brother mans the stand from 10 am to 1 pm for a $10 STEAM gift card and her sister takes over at 1 pm for $5 per hour. They close the stand at 9 pm. How many bags of seashells does Sally need to sell to breakeven?

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