User Account

All Pages

What selling price does the manager want

Assignment Help Accounting Basics
Reference no: EM132521716

Question - John works at a dry goods store and needs to determine the selling price for work boots. The work boots have a cost of $45. The manager asked John to price the work boots with a 70% target gross margin. John has priced the work boots with a 70% markup percentage.

Required -

a) What selling price does the manager want?

b) What selling price has John calculated?

c) If there are 40 work boots, how much will the store lose in sales if the price is not corrected?

Reference no: EM132521716

Questions Cloud

How is activity-based supplier costing important : Why and how is activity-based supplier costing important for internal decision making especially using the SPI is the basis for the selection of a supplier.
Determine the work done by a 62 kg cyclist : Determine the work done by a 62 kg cyclist who changes the speed of a 12 kg bicycle from 8.2 m/s to 12.7 m/s.
Federal laws that impact the hiring process : How do law enforcement agencies recruit and hire the most qualified candidates? Be sure to address the applicable federal laws that impact the hiring process
How much will wchc need in foundation grants the year : How much will WCHC need in foundation grants this year to make the purchase break-even financially? The Ward County Hospital Center
What selling price does the manager want : John works at a dry goods store and needs to determine the selling price for work boots. What selling price does the manager want
Straight line with a constant acceleration : If its velocity at the end of 5 seconds is 5.5 m/s, find (i) the uniform acceleration, and (ii) distance travelled in 10 seconds.
How much would sales have to increase to provide : What would be the improvement in profit if, through better planning and control, the cost of manufacturing was reduced from 60% of sales to 50% of sales?
Approximate the vibrational partition function : At what temperature will 4% of the molecules be in the 1st excited vibrational state? You may approximate the vibrational partition function
What should Concord record as an impairment loss on July : Concord Corporation bought a machine on January 1, 2011 for $794000. What should Concord record as an impairment loss on July 1, 2021

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd