Question: Each catalog costs approximately $2 to mail (including printing, postage, and mailing costs) and the average spending is $60. Estimate the revenue, cost, and gross

Each catalog costs approximately $2 to mail (including printing, postage, and mailing costs) and the average spending is $60. Estimate the revenue, cost, and gross profit that the firm could expect from mailing all of the remaining 180,000 names if these are selected randomly from the pool. The response rate is .053. What is the gross revenue? What is the cost? What is the gross profit?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

How would your answer to BE17- 20 change if year 1 income were equal to $ 100,000? Income (Loss) Year Before Tax $300,000 200,000 450,000) Tax Rate 40% 35% 35%

Tayko is a software catalog firm that sells games and educational software. It started out as a software manufacturer and later added third-party titles to its offerings. It has recently put together...

Each catalog costs approximately $2 to mail (including printing, postage, and mailing cc revenue, cost, and gross profit that the firm could expect from mailing all of the remainil these are selected...

1. Each catalog costs approximately $2 to mail (including printing, postage, and mailing costs). Estimate the gross profit that the firm could expect from the remaining 180,000 names if it selects...

Assignment 1. Each catalog costs approximately $2 to mail (including printing, postage, and mailing costs). Estimate the gross profit that the firm could expect from the remaining 180,000 names if it...

Each catalog costs approximately $2 to mail (including printing, postage, and mailing costs). Estimate the gross profit that the firm could expect from the remaining 180,000 names if it selects them...

This is a 3 pages Finance paper, double-spaced analyzing a company's financial statement using the attached guidelines. I am also attaching three examples of what the professor believes is a good...

This is a 3 pages Finance paper, double-spaced analyzing a company's financial statement using the attached guidelines. I am also attaching two examples of what a good paper would look like....

How can I Use R code to solve this . The Mailing Experiment Tayko has supplied its customer list of 2 0 0 , 0 0 0 names to the pool, which totals over 5 million names, so it is now entitled to draw 2...

Breakeven Analysis The Great Threads Company sells hand - knit sweaters. The company is planning to print a catalog of its products and undertake a direct mail campaign. The cost of printing the...

Venture Company earned $8,000 of service revenue on account during 2010. The company collected $5,200 cash from accounts receivable during 2010. Required Based on this information alone, determine...

A two-lane highway (3.6 m lanes) with a design speed of 100 km/h has a 400 m radius horizontal curve connecting tangents with bearings of N75E and S78E. Determine the superelevation rate, the length...

List four duties of employers regarding health and safety within the workplace.

If f(z) = sin 3x + cos a, g (r) = cos 3z +s which of the following is/are true? (A) h(x) = 2 has 189 solutions, if 0 E [0, 477) (B) h (z) = 4 = 2 = (4n + 1). (ne (C) Number of point of intersection...

If the sum of all the solutions in (0, 27) of the equation which 3tan20+ 8 tan e+ 3 = 0is nn, then n is equal to Backspace 7 89 4 5 6 1 2 3 0. -

simplified by using method of difference. By using above concept answer the following question [if S, = T +T2+. + T, Express T = Vn - Un-1 then S, =ET =Evn - Un-1 = Un-vo] Q: tan 1 tan 2 + tan 2 tan...

Because merchants are in many places among the most common type of business, and because there are special issues in accounting for merchandising operations, this subject merits special...

The total liability issue in general partnerships is similar to that of sole proprietorships. True False

2. As your starting point, take a situation at your workplace that often recurs, and answer the following questions: (a) Which elements are included? (b) How are the elements related to each other?...

A greater tendency to create winwin situations.

Improving creative problem-solving ability.