Question

In: Finance

Let Predicted_sales=2000-50Price where the unit of sales is in(1000s) and Price is in (10s), if...

Let Predicted_sales=2000-50Price where the unit of sales is in (1000s) and Price is in (10s), if Price charged is 20, the Predicted_sales is estimated to be



1500



1950



1,900



1,000



none of the above

Solutions

Expert Solution

Predected Sales = 2000 - 50 (Price )

= 2000 - 50 ( 20 )

= 2000 - 1000

= 1000

Option D is correct.


Related Solutions

A company has the following information: Unit sales             13,400 Sales price per unit          $...
A company has the following information: Unit sales             13,400 Sales price per unit          $ 90.00 Variable costs per unit   $ 40.00 Fixed costs          $ 500,000 A. What is the company’s contribution margin per unit? B. What is the company’s total contribution margin? C. What is the company’s operating income? D. What is the company’s margin of safety in units? E. If the company had a target operating income of $636,000, what would be the target sales in...
Lot Price Data Lot Price is lot price in $1000s Lot Size is lot size in...
Lot Price Data Lot Price is lot price in $1000s Lot Size is lot size in 1000s of square feet Mature Trees is the number of mature trees on the property Distance from Water is the distance from the edge of property to the water in feet Distance from Road is the distance from the main road to the center of the property in miles Lot Price Lot Size Mature Trees Distance from Water Distance from Road 105.4 41.2 24...
You are trying to determine how the price (in 1000s) of a home is related to...
You are trying to determine how the price (in 1000s) of a home is related to square feet (sqft), the number of bathrooms (bath), and how nice the house (nice). Nice is a integer from 1 to 7 where 7 is considered very nice. You estimated the following regression equation with your 80 home sample Pricei = 25.00 + 0.06 sqfti + 10.04 bathi + 10.04 nicei b. If is costs $32,500 to increase the nice rating from 5 to...
Refer to the gasoline sales time series data in the given table. Week Sales (1000s of...
Refer to the gasoline sales time series data in the given table. Week Sales (1000s of gallons) 1 18 2 22 3 18 4 24 5 19 6 16 7 21 8 19 9 22 10 19 11 16 12 23 Compute four-week and five-week moving averages for the time series. Round your answers to two decimal places. Week Sales 4-Week Moving Average 5-Week Moving Average 1 18 2 22 3 18 4 24 5 19 6 16 7 21...
Refer to the gasoline sales time series data in the given table. Week Sales (1000s of...
Refer to the gasoline sales time series data in the given table. Week Sales (1000s of gallons) 1 17 2 20 3 18 4 22 5 17 6 16 7 22 8 17 9 23 10 21 11 14 12 22 Compute four-week and five-week moving averages for the time series. Round your answers to two decimal places. Week Sales 4-Week Moving Average 5-Week Moving Average 1 17 2 20 3 18 4 22 5 17 6 16 7 22...
Refer to the gasoline sales time series data in the given table. Week Sales (1000s of...
Refer to the gasoline sales time series data in the given table. Week Sales (1000s of gallons) 1 17 2 20 3 18 4 22 5 19 6 15 7 21 8 19 9 21 10 19 11 15 12 23 Compute four-week and five-week moving averages for the time series. If required, round your answers to two decimal places. Week Sales 4 Period Moving Average 5 Period Moving Average 1 17 2 20 3 18 4 22 5 19...
Your firm currently sells 2000 units a month at a price of $30 a unit. You...
Your firm currently sells 2000 units a month at a price of $30 a unit. You think you can increase your sales by an additional 20 units if you switch to a net 30 credit policy. The monthly interest rate is 0.5 percent and your variable cost per unit is $18. What is the net present value of the proposed credit policy switch? What is the necessary increase in unit sales to breakeven?
If the unit sales price is $12, the unit variable cost is $7.00 and fixed costs...
If the unit sales price is $12, the unit variable cost is $7.00 and fixed costs are $125,000; what is the, break-even quantity in # of units? ___________________________________ Please Show steps
A project has a projected sales price of $99 a unit, variable costs per unit of...
A project has a projected sales price of $99 a unit, variable costs per unit of $58, annual fixed costs of $238,000, and annual depreciation of $139,000. The tax rate is 22 percent. What is the contribution margin for an analysis using sales units of 12,800? Multiple Choice $27.06 $38.97 $22.41 $41.00 $42.64
Qx=100−10Px−2Py+0.1M+0.2A where Qx is unit sales of good x, Px is the price of good x,...
Qx=100−10Px−2Py+0.1M+0.2A where Qx is unit sales of good x, Px is the price of good x, Py is the price of good y, M is per-family money income in thousands of dollars, and A is the level of advertising expenditures in thousands of dollars. Suppose that Px=$2,Py=$3,M=$50,andA=$20Px=$2,Py=$3,M=$50,andA=$20. Calculate the price elasticity of demand. • Silkwood Enterprises specializes in gardening supplies. The demand for its new brand of fertilizer is given by the equation Q=120−4P a. Silkwood is currently charging $10...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT