Use Goal Seek to find the new price per box (cell K8) to reach a new daily average sales goal of $3,000 in cell K7. Accept thesolution found by Goal Seek. J1 Current price per box:2 Daily sales goal:3 Average daily sales:4 Lowest daily sales:5 Highest daily sales:6Average sales with7 price increase8New price per box:910 Lookup date:11 Sales goal met?K$6$1,500$2,762$720$4,248$ 2,762$68/19/2019

JK1Current price per box:$6Daily sales goal:2Average daily sales:3Lowest daily sales:45Highest daily…

Answered: Use Goal Seek to find the new price per…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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s, and improvements, choose Check for Updates. 4. Total fixed cost OMR 24000 Selling price OMR 25 Variable cost OMR 20 Calculate: a. Contribution per Unit b. P/V Ratio c. Break-even point(BEP) in units and Amounts (OMR) d. What will be the amount of sales if it is desired to earn a profit of (a) OMR 8000; (b) OMR 30000? e. Margin of safety and profit if actual sales is OMR 150000
Assume that markup is based on selling price. Calculate the dollar markup and cost. (Round your answers to the nearest cent.) Selling price Dollar Item Markup percent Cost markup Canon scanner 2$ 105 40 %
Study the information given below and answer each of the following questions independently: Calculate the total Marginal Income and Net Profit/Loss if all the tables are sold. 3.1 Use the marginal income ratio to calculate the break-even value. Calculate the new total Marginal Income and Net Profit/Loss, if an increase in advertising expense by R100 000 is expected to increase sales by 400 units. 3.2 3.3 3.4 3.5 How many units must be sold if the company wishes to earn a net profit of R298 920. Based on the expected sales volume of 2 400 units, determine the sales price per unit (expressed in rands and cents) that will enable the company to break even. INFORMATION Samcor Limited manufactures tables. The following information was extracted from the budget for the year ended 30 June 2022: 1. 2. 3. 4. 5. Total production and sales Selling price per table Variable manufacturing costs per table: Direct material Direct labour Overheads Fixed manufacturing overheads Other costs: Fixed…
Give typing answer with explanation and conclusion Item is canyon scanner sales prices $85 markup percent is 25%, what is the dollar markup and cost?
Find out contribution margin if variable rate is.4 and the item's selling price is $12.50. (Round all intermediate calculations to hundredth of a decimal (.00) unless they naturally round up to tenth of a decimal or a whole number. Round the number of customers to a whole number.) Select one: O a $31.25 O b. $5 C. cannot be determined frorm the information given O d. $7.5
Example 14: CVP Analysis Application: For example, sale price of one laptop is $500, sales revenue=500Q; Assume that expense is Y=a+bx=$80,000+300Q. We can draw two lines to assume Horizontal line (X) is the units sold Q and Vertical line (Y) is dollar sales $. We need to draw a graph using this information
How much would be needed today to provide an annual amount of $50000 each year for 20 years, at 9% interest each year? a. $546,000 O b. $456,427 O c. $645,000 O d. $456,000
Assume that markup is based on selling price. Calculate the dollar markup and cost. Note: Round your answers to the nearest cent. Item Canon scanner Selling price $ 72 Markup percent 30 % Dollar markup Cost
Using Goal Seek/Solver and/or What-If Scenarios based on the below income statement, calculate the following a) the sales amount in order to realize $1,200,000 of net income without changing any of the expense accounts. b) to realize $1,200,000 without changing revenues and cost of goods sold. c) What could be the best scenario to achieve NI $1,200,000.
Study the information given below and answer each of the following questions independently: 3.1 Calculate the total Marginal Income and Net Profit/Loss if all the tables are sold. 3.2 Use the marginal income ratio to calculate the break-even value. 3.3 Calculate the new total Marginal Income and Net Profit/Loss, if an increase in advertising expenseby R100 000 is expected to increase sales by 400 units.3.4 How many units must be sold if the company wishes to earn a net profit of R298 920. 3.5 Based on the expected sales volume of 2 400 units, determine the sales price per unit (expressedin rands and cents) that will enable the company to break even.
Assume markup is based on cost. Find the dollar markup and selling price for the following problem. (Round your answers to the nearest cent.) Item Cost Markup percent Dollar markup Selling price Burberry men's watch $410 40% 24 24 es Prey 1 of 16 Next >
wwwwww Benicio has already calculated that the gross profit for the new product could be nearly $295,000 based on a unit price of $159.99 and unit sales of 22,000. He wants to see how the gross profit changes if the price or unit sales are different. Create a two-variable data table as follows to calculate gross profit as the price and unit sales change: wwwwww For the range D4:K9, create a two-variable data table using the price per unit (cell B6) as the Row input cell. Use the units sold (cell B5) as the Column input cell. www Go to the Suppliers worksheet, where Benicio wants to determine whether subcontracting could reduce the cost of the new virtual assistant product. Run Solver to solve this problem as follows: Set the objective as minimizing (Min) the total cost (cell E10).

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