Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can someone please check if my work is correct? 1st pic is original problems and the 2nd is my work. Thank you so much 1.

Can someone please check if my work is correct? 1st pic is original problems and the 2nd is my work. Thank you so much

image text in transcribed

image text in transcribed

1. A sporting goods retail store sells a basic charcoal grill to customers for($99.99 The retailer bought the grills for $75 each from the wholesaler. What was the retailer's markup? (10 pts) 24.99 Markup in actual dollars $24.99 0.3332 Markup as a % of cost 7.33.32 75.00 Markup as a % of selling price 1:24.99 24.99 -0.2499 99.99 2. A women's retail store purchased leather belts from a wholesaler for $35 each. The retail manager plans to take a 50% markup. What will the selling price be to the customer? (10 pts) 3 60% 100 50% 100l. =$17.50 +535.00 $35 $35 3. Some of the most popular wireless speakers use Bluetooth to connect to phones and computers, and many of them are waterproof, intended for use around pools and the beach. A downside is that Bluetooth-only speakers compress the audio data which loses some of the quality when compared to speakers that use Wi-Fi. US-based Dyna Digital has been making Bluetooth-only speakers and is considering a making a new waterproof Wi-Fi speaker that also offers Bluetooth. It believes the price can be competitive with some popular brands that sell for $125-175. Dyna Digital will have invest money to set up the production line to make the speaker. Management wants to determine the price it should charge to retailers. The total fixed cost associated with manufacturing the antennas is $800,000. The variable cost is $70.00 per unit. Calculate the breakeven point (BEP) in units at each of these selling prices to retailers then select which of these prices you would recommend and why. (10 pts). BEP units at $109.99 BEP units at $119.99 110.00H unis BEP units at $129.99 3.0 units 20.00 units Which of the prices would you recommend and why? I recommend selling the Speakers for $129.99 unit because they would generate Dion Faster by manytarting the least number of speakers to break even only 13,336 units. 4. VegaPro plans to test market a new line of 6-oz vegan frozen non-dairy "yogurt" cups in three flavors to be branded the VegaYo! Frozen Bar. They have calculated the cost and projected sales for each. The vanilla cost per unit is.85 with projected sales of 20,000 units. The lemon cost per unit is.95 with projected sales of 15,000 units. The strawberry cost per unit is 1.05 with projected sales of 18,000 units. Each bar will retail at the same price. Using the average cost pricing and a 40% markup, what will be the price of the VegaYo! Frozen Bar at the retail level? (10 pts) 12m +18 900) 50 150 D Selling Price $99.99 Cost $75.00 Profit = $99.99-675.00 24.99 Actual Qollar Markup Markup as % of cost = 24.99 /15.00 133327.11 Markupas e of selling Price -24,99149,9924.9947 35.00 $35.00 6.50) = $17.50 @ Selling Price = X COST = $ Markup -50% + $35.00 562.50 selling mee 3 Total Fixed cost = $800,000 Variable cost funit = $10.00 Break-Even Point Fixed costs (BEP) Selling Price - Variable costs Selling Prices: $109.99 800,000 $109.99 - 70.00 - 20,005.00125-20,000 un $119.99 > 200,000 ($119,99-70.00) = 16,003.20064 14,004 un $129.99->800,000/129.99-70.00)=13,335.55593 13,336 un. vanilla =.85(20,000 units) = $17,000 Total cost Lemon95 415,000 units) = $14,250 Total cost Strawbenny = 1.05 (18,000 unit) $18,900 Total aust (17.000 474.200 + is.Goo = 50,150 = 194627.9442 - 1577 (20,000 + 15,000 + 18,000) 53,000 (1-40) = 1.58

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For Decision Makers

Authors: Mark DeFond

2nd Edition

1618533142, 9781618533142

More Books

Students also viewed these Accounting questions

Question

Outline some key aspects and contemporary issues in IHRM

Answered: 1 week ago