Dreamy Designz is a t-shirt manufacturer that sells to many retail stores in North Carolina through...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Dreamy Designz is a t-shirt manufacturer that sells to many retail stores in North Carolina through a distributor that uses a 30% markup. If Kelly's Closet, a popular boutique in the area, sells their t shirts for $30 per shirt, with a markup of 40%, what price should Dreamy Designz charge per shirt using the chain-markup pricing method (rounded to the nearest cent)? Dreamy Designz is a t-shirt manufacturer that sells to many retail stores in North Carolina through a distributor that uses a 30% markup. If Kelly's Closet, a popular boutique in the area, sells their t shirts for $30 per shirt, with a markup of 40%, what price should Dreamy Designz charge per shirt using the chain-markup pricing method (rounded to the nearest cent)?
Expert Answer:
Answer rating: 100% (QA)
Using the chainmarkup pricing method the selling price of Dreamy Designzs tshirt should be calculated as follows 1 Calculate the selling price charged by the distributor to retail stores Distributors Selling Price Cost Price Cost Price Distributors Markup Distributors Selling Price Cost Price Cost Price 030 2 Calculate the selling price charged by the boutique to customers Boutiques Selling Price Distributors Selling Price Distributors Selling Price Boutiques Markup Boutiques Selling Price Distributors Selling Price Distributors Selling Price 040 Now lets calculate ... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
Students also viewed these accounting questions
-
For a manufacturer that sells to many retailers, why does a quantity flexibility contract result in less information distortion than a buy-back contract?
-
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
-
Natureview Farm It was a crisp Vermont morning in February 2000. Christine Walker, vice president of marketing for Natureview Farm, Inc., a small yogurt manufacturer, paused to collect her thoughts...
-
Suppose that you just purchased 200 shares of Talk&Tell stock for $60 per share. a. If the initial margin requirement is 71.00%, how much money must you borrow? b. Construct the balance sheet...
-
An article on stock repurchase in the Los Angeles Times noted: An increasing number of companies are finding that the best investment they can make these days is in themselves. Discuss this view. How...
-
Dave LaCroix recently received a 10 percent capital and profits interest in Cirque Capital LLCin exchange for consulting services he provided. If Cirque Capital had paid an outsider to provide the...
-
Discuss the use of fuels and their classifications.
-
Suppose the government's goal is to reduce the unemployment rate. Some legislators propose that the government should give a subsidy s to any firm that hires a worker. Some other legislators argue...
-
Briefly describe any FOUR advantages of using comments in a program.
-
Based in Winnipeg, Manitoba, Defence Electronics Inc. (DEI) was founded to provide security systems, facilities controls and related services. DEI established a solid reputation for quality and the...
-
A hypothetical system contains three different molecules, each of which is capable of having the energies: = 0, 1, 2, 3, 4, ( 2.410-4 erg) Assume that there is no interaction energy between the...
-
Which manager spends the most time (by percentage) communicating? Which is the best method for accurately assessing personality in your staff? 1. Your company has determined that a new division...
-
Friendlys Quick Loans, Inc., offers you $8.00 today but you must repay $9.95 when you get your paycheck in one week (or else). What is the effective annual return Friendlys earns on this lending...
-
During lab activity 3 (Planar Motion) we used a two-segment model to analyze arm reaching. Using your own body dimensions and the anthropometric proportions given, calculate each body segment...
-
JAVA Must convert both from BASE2 to BASE10 and BASE10 to BASE2 and handle errors for both. Use popups to display error conditions. After the user responds to the popup, clear the bad data and...
-
Critically evaluate the role of innovation management and new product development (NPD) within an organisation in relation to increasing organisational value and brand equity.
-
The logarithm of a product of two numbers is the same as the sum So log (48)-log(4) + Need Help? Read It Submit Answer Save Progress Practice Another Version 0.5/1 points | Previous Answers SPreCalc7...
-
Determine whether the lines are parallel, perpendicular, or neither. 2x + 3y = -12, 2y - 3x = 8
-
Discuss the doctrine of employment at will and the laws protecting employee privacy.
-
Identify and discuss the ways discharge may be brought about by operation of law.
-
In what must be a common development wherever there are state-sponsored lotteries, this is the story of two friends who split the price of a ticket only to have the ticket win and split their...
-
Figure P19.3 shows a network design using steam, cooling water and some heat recovery. (a) Does this design achieve the minimum energy target for \(\Delta T_{\min }=20^{\circ} \mathrm{C}\) ? (b) If...
-
Figure P19.4 shows two hot streams and two cold streams for heat integration (subject to \(\Delta T_{\min }=20^{\circ} \mathrm{C}\) ). (i) What are the energy targets? (ii) Show a network design...
-
Figure P19.5 shows an existing design of a process plant, containing two exothermic processes. These require streams of reactants as shown in the diagram, and produce products at the temperatures...
Study smarter with the SolutionInn App