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Please help Drone Innovations, inc. (Dill) is a local drone manufacturer that is planning to launch a new drone that uses solar technology which will
Please help Drone Innovations, inc. (Dill) is a local drone manufacturer that is planning to launch a new drone that uses solar technology which will allow the drone to fly 100 times father and 100 times longer than any existing drone on the market. Cost of research and development is $250,000 and the drone market size is currently measured at 2, 750,000 of which Dill currently serves 45%. Newspaper advertising will carry a coupon that entitle the consumer to receive $20.00 off the price of each drone purchased. Research has shown that 25% of customers will redeem the coupons. The cost of the newspaper advertising (excluding coupon returns) will be $500,000. Other fixed costs will be $2 million per year with the cost to produce each drone at $23. The finding of several research studies has determined that consumers would be willing to pay $65 for each drone at which the retail selling price would be targeted. The retailer's margin is 30% and the wholesaler's margin is 20%. (Please write clearly - Round partial units upward. Round percentages to one decimal point. Round currency to dollars and cents.) What is the company's selling price of one drone to its wholesalers? What is the product's contribution margin as a percentage? What is the product's contribution per unit in dollar? Drone Innovations, inc. (Dill) is a local drone manufacturer that is planning to launch a new drone that uses solar technology which will allow the drone to fly 100 times father and 100 times longer than any existing drone on the market. Cost of research and development is $250,000 and the drone market size is currently measured at 2, 750,000 of which Dill currently serves 45%. Newspaper advertising will carry a coupon that entitle the consumer to receive $20.00 off the price of each drone purchased. Research has shown that 25% of customers will redeem the coupons. The cost of the newspaper advertising (excluding coupon returns) will be $500,000. Other fixed costs will be $2 million per year with the cost to produce each drone at $23. The finding of several research studies has determined that consumers would be willing to pay $65 for each drone at which the retail selling price would be targeted. The retailer's margin is 30% and the wholesaler's margin is 20%. (Please write clearly - Round partial units upward. Round percentages to one decimal point. Round currency to dollars and cents.) What is the company's selling price of one drone to its wholesalers? What is the product's contribution margin as a percentage? What is the product's contribution per unit in dollar
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