The market demand for a certain product from Silk skin Cosmetics is 10,000 units. The market share

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

Question:

The market demand for a certain product from Silk skin Cosmetics is 10,000 units. The market share is 20%. The average selling price of a unit is $10 and the average cost price is $5. Calculate the gross profit for the product.

Related Book For answer-question

Automation Production Systems and Computer Integrated Manufacturing

ISBN: 978-0132393218

3rd edition

Authors: Mikell P.Groover

See More Books

Posted Date: Jan 20, 2021 02:20 AM

See More Questions

Demand for a certain product is 25,000 units/yr. Unit cost is $10.00. Holding cost rate is 30%/yr. Changeover (setup) time between products is 10.0 hr, and downtime cost during changeover is $150/hr....
The demand function for a certain product is given by p= 500 + 1000 / q+1 Where p is the price and q is the number of units demanded. Find the average price as demand ranges from 49 to 99 units.
The demand function for a certain product is p = 100/(1+2x). If the equilibrium quantity is 12 units, what is the consumer's surplus? In the following equation p and C are in dollars and x is the...
Write structures for the following bicyclic alkanes: (a) Bicyclo [1.1.0] butane (b) Bicyclo [2.1.0] pentane (c) 2-Chlorobicyclo [3.2.0] heptane (d) 7-Methylbicyclo [2.2.1] heptane
Explain how changes in supply conditions and wage rates in the unionized sector can affect supply conditions and wage rates in the nonunionized sector.
The angular velocity of a wheel rotating on a horizontal axle points west. In what direction is the linear velocity of a point on the top of the wheel? If the angular acceleration points east,...
A university pumps its water from wells located on campus. The falling water table has caused pumping costs to increase, the quantity of water available to decrease, and the quality of water to...
At May 31, 2014, the accounts of Mantle Company show the following. 1. May 1 inventoriesfinished goods $12,600, work in process $14,700, and raw materials $8,200. 2. May 31 inventoriesfinished goods...
3. A region has the peak-period electricity demand in MWh given by D(r) = { 40,008 rif r 64 104,000 1,000r if r64 6 Exercises for Markets Module by Metin akanyldrm where r is the wholesale price in...
Bell Simpson manufactures a specialty precision scale. For January, the company expects to sell 800 scales at an average price of $ 2,350 per unit. The average manufacturing cost of each unit sold is...
Differentiate between the six faces of evil and for each evil provide a strategy that could be used to combat that evil Evil as Dreadful Pleasure Evil as Idealism Evil as Exclusion Evil as...
In Defining Moments, Joseph Badaracco discusses both virtue and virtu as you choose between what is right and right. What are the differences? Discuss why what you did as a leader is either in...
Jones Inc. needs to make a decision under uncertainty. Given the information below evaluate their options. Alternatives Favourable market Average market Unfavourable market Large machine $ 137,500 $...
Avondale Industries' training director conducted an employee survey and found that employees in several departments lacked trust and confidence in their supervisors. The director arranged for...
Discuss an instance when you have interacted with a company that used Artificial Intelligence to service you. How did you feel about the customer experience? Was it favorable or unfavorable and why?
At the end of the current year, Singleton Inc. reported the following information: Sales $412,000 Operating income 163,000 Average total assets 475,000 Average stockholders' equity 365,000. Compute...
Let F: {0, 1}* {0, 1}" {0, 1}" be a blockcipher. Define E: {0, 1} {0, 1}" {0, 1}" as EK3 || K2 || K1(X) = EK3(EK2(EK1(X))). Prove that if F is a secure PRP, then so is E. To get you started, here's a...
Design and describe an application-level protocol to be used between an automatic teller machine and a bank's centralized computer. Your protocol should allow a user 's card and password to be...
A milling operation is performed on a NC machining center. Total travel distance = 300 mm in a direction parallel to one of the axes of the worktable. Cutting speed = 1.25 m/s and chip load = 0.05...
What are the three basic control functions that must be accomplished to operate an automated production line?
Why does 6( in Six Sigma really mean 4.5(?
Using two CST elements, solve the simple shear problem depicted in the figure and determine whether the CST elements can represent the simple shear condition accurately or not. Material properties...
A heat conduction problem is modeled using four onedimensional heat conduction elements, as shown in figure 4.6. All elements are of the same length, $L=1 \mathrm{~m}$, cross sectional area of...
Consider heat conduction in a uniaxial rod surrounded by a fluid. The left end of the rod is at $T_{0}$. The free stream temperature is $T^{\infty}$. There is convective heat transfer across the...

The market demand for a certain product from Silk skin Cosmetics is 10,000 units. The market share

Question:

Expert Answer:

Gross profit 10000 Solution Gross profit Sales revenue Cost of s... View the full answer

Automation Production Systems and Computer Integrated Manufacturing

Students also viewed these accounting questions