Unit cost per order of a given size2. An analysis of selling costs shows: (You may select more than one answer. Single click the box with the question mark to producea check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Anyboxes left with a question mark will be automatically graded as incorrect.)nces? Management may want to consider offering discounts for large orders.? Small orders are preferable to medium sized orders.2 Large orders are preferable to medium sized orders.? Marketing should be focused on small sized orders.< Prev2 of 7Next >rawlillinsertOeleteF9F10F11F12F6

Selling costs are costs incurred to change consumers' preferences for a particular product. They are…

Answered: 2. An analysis of selling costs shows:…

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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Merchandising businesses differ from service businesses. Explain some of the differences that make the businesses different from each other. Use evidence from the text below to support your response. For example, -In the text, it says," ___________________." Read: A service business sells its services for a fee. A merchandising business is a business that purchases goods and sells them. If you are selling those goods to the general public for use or consumption, your business is a retail merchandising business. Many of the transactions of a service business and a merchandising business are the same. You pay cash for supplies and buy on account, just like in a service business. However, transactions like these occur more often and include different elements to account for. For example, there is a lot more purchasing of goods on account to have an inventory to sell. Also, an asset account for all those purchases is needed. A merchandising business may have a much higher volume of…
3.1 REQUIRED Study the information provided below and answer the following questions:3.1.1 If the sales manager’s proposal is rejected, calculate the total revenues at break-even by using the contribution margin ratio. (4 marks) 3.1.2 Calculate the additional expenditure that the company can afford to spend on advertising, in keeping with the sales manager’s proposal. (4 marks) 3.1.3 Calculate the break-even quantity if the sales manager’s proposal is accepted (using the proposed new selling price and the increase in the advertising outlay). (4 marks)INFORMATION Denel Enterprises manufactures a product that sells for R180 each.The company presently produces and sells 120 000 units per year. Unit variable manufacturing expenses and variable selling expenses are R90 and 10% of the sales price respectively. Fixed costs are R4 536 000 for manufacturing overheads and R1 944 000 for selling and administrative activities. The sales manager has proposed that the price be increased to R216 per…
. A company that uses a just in time inventory system: A) has finished goods inventory on hand at all times in order to speed up shipments of customer orders. B) may find that having less inventory actually leads to increased customer satisfaction. C) assesses its value chain to create new value-added activities. D) adopts a systematic, problem-solving attitude
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Cost management suggest that currently the focus is on proactive versus reactive management. 1. Describe the effect this might have on the way McDonalds determines what items to add to the menu 2. What role do you expect activity accounting(a type of management accounting) has in determing what McDonalds decides to add to the menu
Decision maker: You can accept only one of two customer orders due to limited capacity. The first order is for 200 units with a contribution margin of $500 per unit. The second order is for 400 units with a contribution margin of $300 per unit. Which order will you accept (purely based on the numbers mentioned here)?
Suppose the figure to the right represents the market for a particular brand of soap such as Zest, Dove, or Ivory. Suppose also that the market is monopolistically competitive and the firm behaves optimally to maximize profit. Use the rectangle drawing tool to shade in the firm's economic profit or loss. Properly label the object. Carefully follow the instructions above, and only draw the required objects. Price and cost (per pack) 4.00- 3.80 3.60 3.40 MC 3.20 ATC 3.00 2.80 2.60 2.40 2.20 2.00- 1.80- 1.60- 1.40- 1.20- 1.00- 0.80- 0.60- 0.40 0.20 0.00+ MR 0 6 8 10 12 14 16 18 Quantity (packs of soap in thousands) 20
Which of the following are reasonable ways to deal with excess supply? (select ALL correct answers) reduce prices increase advertising use all available capacity to make the product with the highest CM per unit of capacity find special orders at a discounted price "fire" small customers
LO18.1: Understand how most wholesalers and retailers set their prices by using markups. LO18.2: Understand the advantages and disadvantages of average-cost pricing. LO18.3: Know how to use break-even analysis to evaluate possible prices. LO18.5: Understand other demand-oriented factors that influence price setting. Eleven-year-old Mallory is a budding entrepreneur. She is always coming up with new business ideas. In early summer 2018, her latest venture is a lemonade stand. Mallory is focused on making a high level of profits – she was saving for a new bike. Mallory is trying to develop a marketing strategy to help her achieve her goals. Last year Mallory helped a friend with a lemonade stand. This year she wants to run her own business. Her parents expect her to pay for almost everything related to her business. Her dad built her a small lemonade stand – and while he donated his time, he did ask for the $12 in materials needed to build the stand. Mallory had to purchase other…

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