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You have just been hired as the Associate Brand manager for a new cereal company. This new company has developed a hazel nut - granola combination product that had tested extremely well with focus groups. Young adults between the ages of 18-29 rated it the best cereal they had ever tasted. The company has forecasted to sell a whopping 49,800 boxes of this new product in 2021. Other information provided to you were that the company has fixed costs of $280,000, depreciation expense of $120,000, a tax rate of 30% and interest expense of $21,300.
You find out from the production team that each cereal box will cost $15.89 to produce. The new general manager is insisting that operating cashflows must be no less than $141,305 for this new product launch in 2021.
Problem 1: As the Associate Brand Manager, your job is to set the price of this new product. What is the minimum price that should be charged for this product? Show all your calculations.
Evaluate the president's analysis. Speculate on some limitations of the model or other issues that might be a factor in making a final decision.
Construct a contribution format income statement for the month based on the actual sales data. Compute the break-even point in dollar sales
Have any of you ever looked at your own finances in this manner? Or looked at your utility bill over time and how it goes up and down from season to season
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What is the consolidated net income for 2019 if Ackerman reports $460,000 (does not include investment income) and Brannigan $155,600 in income?
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How the method of costing used will impact the company with: (A) the quoting of customer jobs and (B) gross margin/profit on the Income statement.
When the company sells 17,250 units, what is the total indirect selling expense that cannot be readily traced to individual sales representatives?
Find The transfer price if it is based on standard absorption cost plus a 10% mark-up is. Jerry Containers manufactures Containers for the packaging industry.
Preferred stock: 14 000 shares outstanding with $90 market price and 7% yield. Find the cost of each financing source
Is the principle of financial accountability applicable to legal practices in Africa and if so, in what way and discuss the meaning of the principle of financial accountability?
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