Company XYZ produces and sells two types of calculators: Basic and Scientific. The Basic has a lower selling price per unitcompared to the Scientific. However, the Basic has a higher contribution margin compared to the Scientific. Due to fixedproduction capacity, the company has a cap on total production ability. If the company's CEO has decided to shift the sales mixtowards producing more Basic calculators. What would be the effect on total profits?a.Cannot be determined using the above informationb.Total profits would remain the sameTotal profits would increaseO C.d.None of the given answerse.Total profits would decreaseOO00

Contribution Margin: It is defined as the difference between revenues and variable costs.…

Answered: Company XYZ produces and sells two…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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You have been pricing Samsung-Galaxy SmartWatch in several stores. Three stores have the identical price of $600. Each store charges 12 percent APR, has a 30-day grace period, and sends out bills on the first of the month. On further investigation, you find that store A calculates the finance charge by using the average daily balance method, store B uses the adjusted balance method, and store C using the previous balance method. Assume you purchased the SmartWatch on May 5 and made a $100 payment on June 15. What will the finance charge for June be if you made your purchase from store A? From store B? From store C?
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ou have been pricing Samsung-Galaxy SmartWatch in several stores. Three stores have the identical price of $400. Each store charges 18 percent APR, has a 30-day grace period, and sends out bills on the first of the month. On further investigation, you find that store A calculates the finance charge by using the average daily balance method, store B uses the adjusted balance method, and store C using the previous balance method. Assume you purchased the SmartWatch on May 5 and made a $100 payment on June 15. What will the finance charge for June be if you made your purchase from store A? From store B? From store C?
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