Question

In: Finance

1) London Drugs is selling the new macbook pro for a selling price of $1015.93 with...

1) London Drugs is selling the new macbook pro for a selling price of $1015.93 with markdowns of 40% and 20%. Future shop is selling the same macbook pro for a selling price of $1839.94 with a markdown of 25%. What additional discount should you ask for from the more expensive shop

2) A clothing store purchases a shirt for $16.17 and applies a markup of 23% of their desired selling price. For what amount should the store list the shirt if it wants to offer a 34% discount without reducing its markup? Enter your answer rounded to 2 decimal places.

3) Find the profit earned from selling 81 units:
TR = 11x, TC = 93x + 88

4)A company has a profit function given by:

Profit = 63.8x - 9706,

where x represents the number of units being sold. How many units must be sold for the company to break even?

5)A company has a profit function given by:

Profit = CMx - 8210,

where x represents the number of units being sold and CM is the contribution margin. The company breaks even after selling 5839 units. What is the contribution margin?

Solutions

Expert Solution


Related Solutions

Assume that Amazon.com sells the MacBook Pro, a computer produced by Apple, for a retail price of $1,500.
Assume that Amazon.com sells the MacBook Pro, a computer produced by Apple, for a retail price of $1,500. Amazon arranges its operations such that customers receive products directly from Apple Stores rather than Amazon. Customers purchase from Amazon using credit cards, and Amazon forwards cash to Apple equal to the retail price minus a $150 commission that Amazon keeps. In this arrangement, how much revenue will Amazon recognize for the sale of one MacBook Pro?    
Question: Consider the following scenario. Assume the price of gold in London is selling for $1400...
Question: Consider the following scenario. Assume the price of gold in London is selling for $1400 an ounce while in New York it is fetching a price of $1450 an ounce. What would an economist say about the efficiency of this market? What would an economist predict about what would happen next?
a) A purchase of new macbook laptop costs rm3500 and rm200 for additonal warranty b) A...
a) A purchase of new macbook laptop costs rm3500 and rm200 for additonal warranty b) A child aged 28 and styding Phd in uum. Most expenses are covered by the government scholarship. the taxpayer (father) spent rm4900 for some expenses. c) Purchase of books costs rm800.However one of the purchase receipt worth rm90 was lost. d)the taxpayer spent rm18000 for a carer to take care of his ill mother.The carer is taxpayer's sister who is an ex-nurse e)The wife has...
a) A purchase of new macbook laptop costs rm3500 and rm200 for additonal warranty b) A...
a) A purchase of new macbook laptop costs rm3500 and rm200 for additonal warranty b) A child aged 28 and styding Phd in uum. Most expenses are covered by the government scholarship. the taxpayer (father) spent rm4900 for some expenses. c) Purchase of books costs rm800.However one of the purchase receipt worth rm90 was lost. d)the taxpayer spent rm18000 for a carer to take care of his ill mother.The carer is taxpayer's sister who is an ex-nurse e)The wife has...
1. A shirt that retails for $120 in New York sells for £60 in London. The...
1. A shirt that retails for $120 in New York sells for £60 in London. The exchange rate between the British pound and the dollar is £1 = $1.60. You spot a profit-making opportunity and choose to exploit it by buying and selling 5,000 shirts. (35 Points) Which country would you purchase the shirts in and for how much (in their currency)? Which country would you sell the shirts in and how much would you receive in their currency? Converting...
The selling price of a new car is normally distributed with an average of $20880 and...
The selling price of a new car is normally distributed with an average of $20880 and a variance of $12180100.00. a) What proportion of new cars will sell for less than $21600? probability = b) Assuming a normal distribution, within what selling prices will the middle 88% fall? lower = , upper = Note: Do NOT input probability responses as percentages; e.g., do NOT input 0.9194 as 91.94.
The selling price of a new car is normally distributed with an average of $21770 and...
The selling price of a new car is normally distributed with an average of $21770 and a variance of $5290000.00. a) What proportion of new cars will sell for more than $19760? probability = Is the answer .808914? b) Assuming a normal distribution, within what selling prices will the middle 83% fall? lower =  , upper = could I see the work out for part b? thank you Note: Do NOT input probability responses as percentages; e.g., do NOT input 0.9194...
The selling price of a new car is normally distributed with an average of $23090 and...
The selling price of a new car is normally distributed with an average of $23090 and a standard deviation of $3060. a) What proportion of new cars will sell for more than $19130? probability = b) Assuming a normal distribution, within what selling prices will the middle 96% fall? lower = , upper =
A firm announced unexpected news on the government rejection of its new drugs. The stock price...
A firm announced unexpected news on the government rejection of its new drugs. The stock price plumed by $5 immediately and remained unchanged since that. What kind of market efficiency does this event relate to? weak form market efficiency. semi-strong form market efficiency. strong form market efficiency. all-around form market efficiency.
Lovell Computer Parts Inc. is in the process of setting a selling price on a new...
Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 50,000 units. Per Unit Total Direct materials $46 Direct labor $29 Variable manufacturing overhead $20 Fixed manufacturing overhead $600,000 Variable selling and administrative expenses $18 Fixed selling and administrative expenses $450,000 Lovell Computer Parts management requests that...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT