Calculate the breakeven sales needed

Assignment Help Financial Management

Reference no: EM132059087

You are the promotion manager for Macy's. You are planning a Thanksgiving Day parade and celebration that will cost $2,500,000. How much business must Macy's do to recoup the cost of the investment if you know that the needed gross margin for Macy's is 38%? Calculate the breakeven sales needed.

Reference no: EM132059087

Questions Cloud

Benefits of debt consolidation for richard and pauline : Certificate IV in Finance and Mortgage Broking - Kaplan - Explain to Philip and Jennifer some of the advantages and disadvantages of fixing a loan

Discuss the strengths of the theory : Throughout your degree program, you have learned about many theorists within the various psychological schools of thought.

Represents jason status in regards to employment : Which of the following likely represents Jason's status in regards to his employment with Nick?

Activities that are associated with the summer olympics : What are some examples of "marketing" activities that are associated with the Summer Olympics?

Calculate the breakeven sales needed : How much business must Macy's do to recoup the cost of investment if you know that needed gross margin for Macy's is 38%? Calculate the breakeven sales needed.

Relationships to reduce environmental impact : How can businesses use technology and relationships to reduce their environmental impact?

Describe how the authors collected the data : In your own words, describe how the authors collected their data. In your own words, briefly summarize each of the following overarching findings.

What is the client realized gain : If the market of Speedy Airlines is trading at $40.72 at expiration, what is the client's realized gain?

Trading cost per sale or purchase of marketable : Effective annual rate on marketable securities to be 4.6 percent per year, and the trading cost per sale or purchase of marketable securities to be $33.00

User Account

All Pages