Work Sample 1: Calculate the profit for this orderItem: 3 chairsPrice (paid by customer)$2495 per chairCustomer discount = 5%Our costsCost per chair = $1950Credit card fee = 3% of total customer payment

Profit The money that remains after paying your business expenses is your profit. Gross profit,…

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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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Student workpoint 3.7 Be knowledgeable The following information was provided by David, a candle producer, based on his monthly production and sales. Table 3.3.1 Quantity Price per Revenue Fixed Variable Total Profit/ of candle candle from costs costs costs (Loss) (USS) box sold [Total] [Total) (US$S) (USS) boxes box candle (USS) sold (USS) (USS) $10 2,000 2,000 (2,000) 200 $10 2,000 2,000 1,200 3,200 400 $10 4,000 2,000 2,400 4,400 600 $10 6,000 2,000 3,600 5,600 008 1,000 $10 8,000 2,000 4,800 6,800 1200 $10 10 000 2,000 6,000 8,000 1,200 s10 12 000 2,000 7,200 9,200 Referrring to Table 3.3.1, answer the questions below. 1. Complete the profit/(loss) column. 2. Calculate the variable cost per candle box. 3. Draw a break-even graph using the information in the table and show the break-even quantity on your graph. 4. Show on the graph the margin of safety at 1,200 candle boxes sold.
Cost accounting: Assume that MTA Sandwiches sells sandwiches for $3.25 each. The cost of each sandwich follows: Materials $1.10, Labor $0.20, Variable Overhead $$0.30, Fixed overhead ($18,000 per month, 1800 units per month) $1.00 Total cost per sandwich $$2.60 One of MTA's regular customer asked the company to fill a special order of sandwiches at a selling price of $2.25 each for a fund-raising event sponsored by a social club at the local college. MTA has capacity to fill it without affecting total fixed costs for the month. MTA's general manager was concerned about selling the sandwiches below the cost of $2.60 per sandwich and has asked for your advice. Required: a. Prepare a schedule to show the impact on MTA's profits of providing 600 sandwiches in addition to the regular production and sales 0f 18,000 sandwiches per month.
Gross Margin Industry Averages 25.4 Cost of Sales Sales Percentage New Course Books Used Course Books Custom Published Books $ 1,086,800 $ 468,200 212,222 102,323 90,600 68,400 22,330 2,050,875 $1,446,393 823,578 $ $ 2,874,453 $2,058,626 742,567 318,222 159,293 90,323 80,432 40,356 15,200 32.6 25.6 Textbook Rental Sales Course Technology Trade Books Professional Reference Books 22.1 11.2 24.3 Total Book Sales Total Non-Book Sales Total Net Sales 31.0 26.5 29.7 28.3 $ 612,233 a. Calculate the gross margin percentage for each of State University's product lines. b. Compare State University's gross margins to industry averages. Indicate any margins that appear out of line, in relation to the industry.
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on 1 - Case X 9 tps://ezto.mheducation.com/ext/map/index.html?_con=con&external... A Case 1-23/FA MA X Q2. Part 2: Analyze Selling price per racket Variable expenses per racket: Production Selling (5% of selling price) Fixed production costs Advertising expense Administrative salaries Total April May Topper Sports, Incorporated, produces high-quality sports equipment. The company's Racket Division manufactures three tennis rackets-the Standard, the Deluxe, and the Pro-that are widely used in amateur play. Selected information on the rackets is given below: Standard 2,000 8,000 Req 1A Sales, in units, over the past two months have been as follows: Deluxe 1,000 1,000 Saved Req 1B Per Month $ 124,000 104,000 54,000 $ 282,000 Req 3 X Prepare contribution format incom Standard $ 40.00 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Required: 1-a. Prepare contribution format income statements for April. 1-b. Prepare contribution…
Calculating ABC Unit Costs Perkins National Bank has collected the following information for four activities and two types of credit There are 7,500 holders of Classic cards and 30,000 holders of Goldcards.Required:Calculate the unit cost (rounded to the nearest cent) for Classic and Goldcredit cards.
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One of the categories of options available to investors and speculators is LEPOs. Assuming 7.00 per cent margin, what would be the percentage return and dollar profit to an investor who purchased one LEPO (for 1000 shares) for a premium of $26 220 and later closed out the position when the LEPO premium was $28 430?
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Denger
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Price per 2-scoop sundae $ 5.00 Variable cost per sundae: Ingredients 1.35 Direct labor 0.45 Overhead 0.20 Fixed cost per month $ 8,400 c. Variable costs increase by $0.50 per sundae. 4. Based on the original information, how many sundaes must Izzy sell to generate a profit of $46,000, if sales price increases by $0.50 and variable costs increase by $0.30?

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Work Sample 1: Calculate the profit for this order Item: 3 chairs Price (paid by customer) $2495 per chair Customer discount = 5% Our costs Cost per chair = $1950 Credit card fee = 3% of total customer payment