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pls calculate there are 4 parts to 1 question Howard Business Suits (HBS) and its direct competitors (Hampton Business Casual Co, FAMU Business Uniforms, Morehouse
pls calculate there are 4 parts to 1 question
Howard Business Suits (HBS) and its direct competitors (Hampton Business Casual Co, FAMU Business Uniforms, Morehouse Men's, and N-CAT Suits Shirts and Ties, etc.) sell a total of 3,500,000 Business Suits annually, HBS has 9% of this market. HBS have a retail price of $500.00. The high fashion and attractive business suits are sold to a number wholesaler and then to the public at several retail stores. Retail margins on the product are 50%, while wholesalers take a 20% margin. HBS's advertising budget is $300,000 for social media, 100,000 for trade shows, $50,000 for campus ambassadors and $200,000 for sports and event marketing and $1,000,000 for TV and radio. The total salary and office expenses are $12,000,000. HBS Salespeople are the best in the business. They deal with the wholesalers' buyers. The salespeople are paid 20% commission of the manufacturer's selling price for each suit they sell. Shipping costs for the garment is $7 per unit. Fixed manufacturing costs are $4,000,000. Variable manufacturing costs for the suits are $75.50 per unit. What is the manufacturer's selling price? $200$250$50$122.50 Question 2 What market share does HBS need to break even? 6.51% 115.987 units 9.00% 3,150,000 What is the retail margin (in $ ) $250$122.5$750$1,000 Question 4 What is HBS's annual profit? $6,762,5000$17,650,000 This firm will not see a profit $24,412,500 $576,088 Howard Business Suits (HBS) and its direct competitors (Hampton Business Casual Co, FAMU Business Uniforms, Morehouse Men's, and N-CAT Suits Shirts and Ties, etc.) sell a total of 3,500,000 Business Suits annually, HBS has 9% of this market. HBS have a retail price of $500.00. The high fashion and attractive business suits are sold to a number wholesaler and then to the public at several retail stores. Retail margins on the product are 50%, while wholesalers take a 20% margin. HBS's advertising budget is $300,000 for social media, 100,000 for trade shows, $50,000 for campus ambassadors and $200,000 for sports and event marketing and $1,000,000 for TV and radio. The total salary and office expenses are $12,000,000. HBS Salespeople are the best in the business. They deal with the wholesalers' buyers. The salespeople are paid 20% commission of the manufacturer's selling price for each suit they sell. Shipping costs for the garment is $7 per unit. Fixed manufacturing costs are $4,000,000. Variable manufacturing costs for the suits are $75.50 per unit. What is the manufacturer's selling price? $200$250$50$122.50 Question 2 What market share does HBS need to break even? 6.51% 115.987 units 9.00% 3,150,000 What is the retail margin (in $ ) $250$122.5$750$1,000 Question 4 What is HBS's annual profit? $6,762,5000$17,650,000 This firm will not see a profit $24,412,500 $576,088 Step by Step Solution
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