Gross Margin Percentage = (Unit selling price - COGS)/Unit selling price

Could someone make me an example of using this formula in a word problem, and then show me how to work it out?

Thanks!

Izzy Ice Cream has the following price and cost information:

Required:

1. Determine Izzy’s break-even point in units and sales dollars.

2. Determine how many sundaes must be sold to generate a profit of $16,200.

3. Calculate Izzy’s new break-even point for each of the following independent scenarios:

a. Sales price decreases by $0.50.

b. Fixed costs decrease by $300 per month.

c. Variable costs increase by $0.50 per sundae.

4. Based on the original information, how many sundaes must Izzy sell to generate a profit of $44,000, if sales price increases by $0.50 and variable costs increase by $0.30?

1) explain what a price ceiling is?

2)Do binding price ceilings cause shortages or surpluses? Explain why.

3) What are at least three unintended consequences of binding Price Ceilings? Explain.

4)  explain what a price floor is?

Engle Manufacturing Company established the following standard price and cost
information:

Engle expected
to produce and sell 15,000 units. Actual production and sales amounted to 16,000 units.
Required:
(a) Determine the sales volume variances, including variances for number of units, sales
revenue, variable manufacturing cost, fixed manufacturing cost, and fixed selling and
administrative cost.
(b) Classify the variances as favorable (F) or unfavorable (U).
(c) Comment on the usefulness of the variances with respect to performance evaluation.
(d) Explain why the fixed cost variances are zero.

XYZ's stock price and dividend history are as follows:

An investor buys three shares of XYZ at the beginning of 2017, buys another two shares at the beginning of 2018, sells one share at the beginning of 2019, and sells all four remaining shares at the beginning of 2020.

a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Round your year-by-year rates of return and final answer to 2 decimal places. Do not round other calculations.)

b. What is the dollar-weighted rate of return? (Hint: Carefully prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2017, to January 1, 2020. If your calculator cannot calculate IRR, you will have to use trial and error or a spreadsheet program.) (Round your answers to 4 decimal places. Negative amount should be indicated by a minus si

XYZ's stock price and dividend history are as follows:

An investor buys three shares of XYZ at the beginning of 2017, buys another two shares at the beginning of 2018, sells one share at the beginning of 2019, and sells all four remaining shares at the beginning of 2020.

a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Round your year-by-year rates of return and final answer to 2 decimal places. Do not round other calculations.)

b. What is the dollar-weighted rate of return? (Hint: Carefully prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2017, to January 1, 2020. If your calculator cannot calculate IRR, you will have to use trial and error or a spreadsheet program.) (Round your answers to 4 decimal places. Negative amount should be indicated by a minus sign.)

Exhibit 1
Company Shares   Beginning of year price Dividend per share End of year price

Birch    250 $ 40    $2.45    $39.00
Walnut 150    $ 8.00    $1.05 $8.50

Maple    300    $20.00    none $23.00

Cherry 400    $27.00 $1.25 $ 26.25

Use Exhibit 1. The table shows your stock
positions at the beginning of the year, the
dividends that each stock paid during the
year, and stock prices at the end of the year.
What is your portfolio percentage return? A. less than 5.65 percent
B. more than 5.65 percent but less than
6.10 percent
C. more than 6.10 percent but less than
6.55 percent
D. more than 6.55 percent but less than
7.00 percent
E. more than 7.00 percent

rev: 10_31_2013_QC_37911, 03_06_2015_QC_CS-9041

Use the following information about an economy that produces only two types of products, organic food products and beverages. Calculate the following for the years 2015, 2016 and 2017, unless otherwise requested:

1. the nominal GDP
2. the real GDP using 2015 as the base year
3. the GDP deflator
4. the annual percentage change in nominal GDP for 2016 and 2017
5. the annual percentage change in real GDP for 2016 and 2017
6. the inflation using the GDP deflator for 2016 and 2017 (percentage

change in GDP deflator)

change in GDP deflator)

XYZ stock price and dividend history are as follows: Year Beginning-of-Year Price Dividend Paid at Year-End 2010 $ 130 $ 5 2011 $ 144 $ 5 2012 $ 120 $ 5 2013 $ 125 $ 5 An investor buys six shares of XYZ at the beginning of 2010, buys another three shares at the beginning of 2011, sells one share at the beginning of 2012, and sells all eigth remaining shares at the beginning of 2013. a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Arithmetic mean % Geometric mean % b-1. Prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2010, to January 1, 2013. (Negative amounts should be indicated by a minus sign.) Date Cash Flow 1/1/2010 $ 1/1/2011 1/1/2012 1/1/2013 b-2. What is the dollar-weighted rate of return? (Hint: If your calculator cannot calculate internal rate of return, you will have to use a spreadsheet or trial and error.) (Negative value should be indicated by a minus sign. Round your answer to 4 decimal places.) Rate of return %