A news stand sells local fashion magazines. The cost to purchase the magazines is the list...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A news stand sells local fashion magazines. The cost to purchase the magazines is the list price of $7.00 less a discount of 40%. Fixed costs total $366 per week. The usual price for the magazines is the list price. Answer each of the following independent questions. (a) If the desired profit is $152, how many magazines must they sell each week? (b) If the news stand puts the magazines "on sale" at 8% off the regular selling price, how much would the profit be if they sold 321 units in a week? (a) If the desired profit is $152, they must sell (Round up to the nearest whole number.) magazines each week A news stand sells local fashion magazines. The cost to purchase the magazines is the list price of $7.00 less a discount of 40%. Fixed costs total $366 per week. The usual price for the magazines is the list price. Answer each of the following independent questions. (a) If the desired profit is $152, how many magazines must they sell each week? (b) If the news stand puts the magazines "on sale" at 8% off the regular selling price, how much would the profit be if they sold 321 units in a week? (a) If the desired profit is $152, they must sell (Round up to the nearest whole number.) magazines each week
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
What important retailing decisions to the target market and retailing marketing mix should be considered when investing in: Dunkin Donuts Little Caesars Pizza Starbucks
-
What would happen if you tried to introduce a new strategy based on radical innovation into a facility where the organization has adopted wholeheartedly the lean culture?
-
The following balances were taken from the October 31, 2019, balance sheet of HP, Inc. (dollars in millions). INSTRUCTIONS: For each of the five events listed here, indicate how they would affect the...
-
Situational and Contingency theory: A. Embodies the idea that the leader does the right thing based on the situation. B. Involves assessing the nature of the task and the followers motivation to...
-
Carlo Lee Corp. has established the following standard cost per unit: Materials5.5 lb @ $2.20 per lb . . . . . . . . . . . . . . . . . . . . . $12.10 Labor1.8hr @ $10 per hr. . . . . . . . . . . . ....
-
'Company A is emphasising the need to maximise wealth for the shareholders, while Company B believes that maximising profit of the company should be the priority'. Which company do you think adopts...
-
A bank is considering a loan applicant for a $12,500,000 6-year loan. The servicing fee is expected to be 42 basis points and the bank's cost of funds, its RAROC benchmark, is 9%. The estimated...
-
(a) Cost for health services are often difficult to determine and vary from patient to patient and from provider to provider. Using bullet points list four actions can an organization take to offer a...
-
You purchase 35 pounds of sweet potatoes. After cleaning them, there are 8.75 lb of peels and waste.What is the yield percent of the sweet potatoes?
-
Barbara and Bud are two equal shareholders of Nexus Corporation since its inception. Each had transferred net assets at inception (under IRC 351) that resulted in the shares of Nexus Corp. having...
-
Juan is married, is paid $2,200 per week, and claims three withholding allowances. What is the amount of federal income tax withheld from Juan's gross wages for the week using the percentage method?...
-
For these data, what is the three-period centered moving average for period 4? t 1 2 3 4 5 6 7 8 9 Yt 22 33 27 34 38 26 28 35 41
-
Remor Inc. has a constant debt-to-equity ratio policy. Company earnings are taxed. The unlevered value of the $5,000,000. Nevertheless, the company has debt in its capital structure. The levered wacc...
-
Use the following data to answer the next two (2) questions: Product 1 Product 2 Product 3 Direct Material Cost $25,000 $30,000 $35,000 Direct Labor Cost $30,000 $40,000 $50,000 Direct Labor Hours...
-
Claire Corporations trial balance includes the following expenses: Assuming no change in the work-in-process and finished goods inventory balances for the year, what total amount should Claire report...
-
Carson Company reported the following amounts for December: What amount of raw materials was used in production in December? a. $71,000 b. $73,000 c. $77,000 d. $85,000 Beginning raw materials...
-
Carson Company reported the following amounts for December: What is cost of goods manufactured for December? a. $176,000 b. $182,000 c. $186,000 d. $188,000 Beginning raw materials inventory....
Study smarter with the SolutionInn App