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Assume that you are in charge of pricing for a firm that produces pickles. You have fixed costs of 2,000,000. Variable costs are $0.75 per jar of pickles. You are selling your product to retailers for $0.89. You sell the pickles in cases of 24 jars per case. A. How many jars of pickles must you sell to breakeven? B. How much must you sell in dollars to break even? C. How many jars of pickles must you sell to breakeven plus make a profit of $300,000? D. Assume a retailer buys your product for $0.89. His business requires that he prices products with a 35 percent markup on cost. Calculate his selling price. E. Assume you have an MSRP of $1.39 for the pickles. If a retailer has a required 35 percent retailer margin on all products he sells, what is the most he is willing to pay the producer for the pickles? F. A clothing retailer knows that to break even and make a profit he needs to have a minimum retailer margin (also referred to as a contribution margin or gross margin) of at least 60 percent. If he is to sell a pair of shorts for the manufacturer’s suggested retail price of $49.99, what is the most he can pay the manufacturer for the shorts and maintain his margin? G. A salesperson is developing a quote for a quantity of disposable hospital gowns. His cost for each case of gowns is $85.00. His firm requires that he have a 20 percent margin so he is using a markup on selling price calculation to price the gowns. What will his quote be per case of gowns if he uses a 20 percent markup on selling price?
You are currently working at a mid-sized certified public accounting firm. Your client is Bob Jones. Bob, age 60 and single, has recently retired from IBM. Prepare the appropriate page of Form 1040 and include the sale of the client’s land on the app..
If you promise to go to school then your even richer Uncle Vinny will buy you a Ferrari provided his business can afford it. - The risk-free rate is 6%. What is your uncle's deal worth to you?
The Nick Company has a series of $1,000 par value bonds outstanding. what is the current price of the bond?
Incorporating all of the things that have happened during the year, as well as you capital budgeting recommendation,
Metallica Bearings, Inc., is a young start-up company. If the required return on this stock is 11.5 percent, what is the current share price?
Assuming that the growth is expected to remain constant in Year 3 and beyond, what is the value of operations, in millions?
Calculate the amount of gross profit (loss) to be recognized in each of the three years, assuming the following costs incurred and costs to complete information
Buying expenses are 5% of purchase price and selling expenses are 8% of sale price. Compute Jill’s annual IRR from owning net of renting.
Uriah Heep celebrated his 18th birthday by opening a savings account at the Thames River Bank and depositing $5,000. What was the amount of his?withdrawal?
Your investment in a mining spaceship is expected to have high payoffs at regular intervals. what is the present value of your investment?
Your boss recently attended an accounting seminar at which the balanced scorecard was discussed. He has asked you to prepare a presentation for the next manager's meeting about the balanced scorecard and how EEC might adopt it.
Evaluating current and planning for the future is considered what finance activity?
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