Sam is considering cutting the price of his tennis racquets. If his cost of sales is 22,

Question:

Sam is considering cutting the price of his tennis racquets. If his cost of sales is £22, calculate a new price based on:

a) cost-plus pricing using a mark-up of 30% on cost of sales

b) margin pricing to give a 20% gross profit margin.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting A Smart Approach

ISBN: 9780199587414

1st Edition

Authors: Mary Carey, Jane Towers Clark, Cathy Knowles

See More Books

Question Posted: May 15, 2024 03:00 AM

See More Questions

Knoll Company started Year 2 with a $500 balance in its cash account, a $500 balance in Its supples account and a $1,000 balance in Its common stock account. During Year 2, the company experienced...
Consider the following information: Rate of Return if State Occurs State of Economy Boom :57 Bust of Economy .66 .34 Probability of State Stock A .09 .13 Stock B Stock C .03 .19 .24 -.04 a. What is...
Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...
Mr. D. Duck, a sole trader has not maintained proper accounting records during the year. He provides you with bank statements that show payments to suppliers of 86,167. You determine that the opening...
Consider the graph at right. a. Write an equation for this graph. b. Write two functions, f and g, such that the figure is the graph of y = f (g(x)). 5-
If you analyzed the restaurant industry using Porters five forces model, you wouldnt be favorably impressed. Three of the threats to profitabilitythe threat of substitutes, the threat of new...
Describe five ways of placing a monetary value on the investment base in arriving at a measure of invested capital.
1. What policies and procedures does Whole Foods enact that allows it to develop successful associate teams? 2. What impact do you think that the process of allowing team members to vote on hiring...
Complete this question by entering your answers in the tabs below. Required A Required B Required C Use the regression output to write the surgical unit cost equation. Surgical unit cost to search LO...
Sam is about to launch his new squash racquet. He knows that he must have a selling price of 45 to be competitive. Calculate what his cost of sales must be if: a) he wants to make a gross profit...
St Pierre is a Canadian company that cans certain food products such as tuna. With a worldwide overcapacity in the food-canning market, pricing is very competitive. Although St Pierre sells its tuna...
Challenger inflatable kayaks sell for $\$ 65$ per kayak. The average cost for an inflatable kayak is $\$ 42$, as follows: Challenger has enough idle capacity to accept a one-time-only special...
1. Just like appealing to your audience's emotions in a campaign, symbolism is just as important. In a way, appealing to their emotions is symbolism. I think a major symbolic approach to campaigns is...
1. Choose a chronic (ongoing) problem in your workplace(Macdonalds). It might pertain to a department, team, or the entire organization (i.e., turnover, low morale, customer retention problems,...
Below are three different scenarios. For each scenario, propose at least two possible solutions and explain how you arrived at these solutions. Choose the best solution and justify your decision...
I am the president on Oasis Ltd. a large and diversified corporation with interests in technology, agriculture, media, publishing, and natural resources. The company has had an extremely good year...
Please select a movie of your choice: The Pursuit of Happyness, and analyze 2 of the characters: Chris Gardner and Christopher Gardner Jr., and their interpersonal communication. You will analyze the...
A 30.0-m steel wire and a 20.0-m copper wire both with 1.00-mm diameters, are connected end to end and stretched to a tension of 150 N. How long does it take a transverse wave to travel the entire...
The graph of an equation is given. (a) Find the intercepts. (b) Indicate whether the graph is symmetric with respect to the x-axis, the y-axis, or the origin. -3 6 -6 3 x
If we are testing whether 2 QUANTITATIVE variables are dependent on each other, we need to conduct an ANOVA. True False
Cost Control: B/PB made an original cost estimate in the early 1980s, not accounting for inflation. Over time, inflation increased the cost of resources needed for the project. Leading to a...
The following data were adapted from a recent income statement of Caterpillar Inc. (CAT) for the year ended December 31: Line Item Description (in millions) Sales $41,748 Cost of goods sold $(29,082)...

Sam is considering cutting the price of his tennis racquets. If his cost of sales is 22,

Question:

Step by Step Answer:

Accounting A Smart Approach

Students also viewed these Business questions