Camille forecasts to sell 575 units of the perfume she is selling by the first week of December. At the end of the 1st week of December, she was able to disposed 500 perfumes at Php150 each. Of these 500 units, she gave a total of 20 giveaways. The total cost for each perfume is Php120. Determine Camille’s net sales volume. * 480 20 75 500
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Camille forecasts to sell 575 units of the perfume she is selling by the first week of December. At the end of the 1st week of December, she was able to disposed 500 perfumes at Php150 each. Of these 500 units, she gave a total of 20 giveaways. The total cost for each perfume is Php120. Determine Camille’s net sales volume. *
480
20
75
500
Let’s say that last November you have sold 10,000 pieces of chrysanthemum at 25 pesos each. For every piece sold, you will be given a commission of 10%. How much was your total commission? *
225,000
25,000
10,000
2.50
250,000
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- Scenario 3 Ben Gibson, the purchasing manager at Coastal Products, was reviewing purchasing expenditures for packaging materials with Jeff Joyner. Ben was particularly disturbed about the amount spent on corrugated boxes purchased from Southeastern Corrugated. Ben said, I dont like the salesman from that company. He comes around here acting like he owns the place. He loves to tell us about his fancy car, house, and vacations. It seems to me he must be making too much money off of us! Jeff responded that he heard Southeastern Corrugated was going to ask for a price increase to cover the rising costs of raw material paper stock. Jeff further stated that Southeastern would probably ask for more than what was justified simply from rising paper stock costs. After the meeting, Ben decided he had heard enough. After all, he prided himself on being a results-oriented manager. There was no way he was going to allow that salesman to keep taking advantage of Coastal Products. Ben called Jeff and told him it was time to rebid the corrugated contract before Southeastern came in with a price increase request. Who did Jeff know that might be interested in the business? Jeff replied he had several companies in mind to include in the bidding process. These companies would surely come in at a lower price, partly because they used lower-grade boxes that would probably work well enough in Coastal Products process. Jeff also explained that these suppliers were not serious contenders for the business. Their purpose was to create competition with the bids. Ben told Jeff to make sure that Southeastern was well aware that these new suppliers were bidding on the contract. He also said to make sure the suppliers knew that price was going to be the determining factor in this quote, because he considered corrugated boxes to be a standard industry item. As the Marketing Manager for Southeastern Corrugated, what would you do upon receiving the request for quotation from Coastal Products?Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand will grow at 5% a year. If the company builds a plant that can produce x units of Wozac per year, it will cost 16x. Each unit of Wozac is sold for 3. Each unit of Wozac produced incurs a variable production cost of 0.20. It costs 0.40 per year to operate a unit of capacity. Determine how large a Wozac plant the company should build to maximize its expected profit over the next 10 years.Camille forecasts to sell 575 units of the perfume she is selling by the first week of December. At the end of the 1st week of December, she was able to disposed 500 perfumes at Php150 each. Of these 500 units, she gave a total of 20 giveaways. The total cost for each perfume is Php120. Determine Camille’s net sales volume. * a. 75 b. 480 c. 500 d. 20 2. The amount of your product that you will need to produce and sell to cover total costs of production. * a. Break even sales volume b. Sales volume percentage c. Sales volume
- 1. Let’s say that last November you have sold 10,000 pieces of chrysanthemum at 25 pesos each. For every piece sold, you will be given a commission of 10%. How much was your total commission? * a. 2.50 b. 225,000 c. 10,000 d. 250,000 e. 25,000 2. Camille forecasts to sell 575 units of the perfume she is selling by the first week of December. At the end of the 1st week of December, she was able to disposed 500 perfumes at Php150 each. Of these 500 units, she gave a total of 20 giveaways. The total cost for each perfume is Php120. Determine Camille’s sale volume variance to assess how the variance affect the total profit. * a. 11,250 b. 1,500 c. 9,000 d. 2,250Sampaguita Company makes corsages that it sells through salespeople on the streets. Each sells for P2 and has variable production costs of P0.80. The salespeople receive a P0.50 commission on each corsage they sell, and the company must spend P0.05 to get rid of each unsold corsage. The corsages last for only one week and cannot be carried in inventory.The manager of the firm had estimated demand per week and associated probabilities as follows:Demand Probability100,000 0.20120,000 0.20140,000 0.30160,000 0.30 The optimal weekly production of the corsage is? Please show solution.ABC Corporation has determined that his cologne is selling at 300 per bottle with a fixed cost of Php 2,000 and a variable cost of Php100 per unit., EFG has decided to order 40 bottles of the cologne. Will you decide to produce the products based on the number of orders or will you decline the order? Why? Given the situation of ABC Corporation, suppose EFG has decided to order 5 bottles only, would you decide to produce the products? Why? What is the break even point of ABC Corporation before they can decide to produce the units? *
- AutoTime, a manufacturer of electronic digital timers, has a monthly fixed cost of $50,000 and a production cost of $7 for each timer manufactured. The timers sell for $15 each. (a) What is the cost function C(x)?C(x) = (b) What is the revenue function R(x)?R(x) = (c) What is the profit function P(x)?P(x) = (d) Compute the profit (loss) corresponding to production levels of 3000, 6000, and 11,000 timers, respectively. (Input a negative value to indicate a loss.) 3000 timers $ 6000 timers $ 11,000 timers $Prior to opening his branch in Fourways, Conrad made a decision to conduct further research intopotential suppliers for his new business venture. He downloaded the integrated annual report forAstral Foods to conduct his research. The link for the integrated annual report can be found using thefollowing link:https://www.astralfoods.com/assets/Documents/Investor%20Centre/2022/Integrated%20Report%20for%20the%20year%20ended%2030%20September%202022.pdf. Q3.2 Discuss the viewpoint you believe Chicky Fillet should adopt towards stakeholders.Discuss the various stakeholders, their possible interests, and the proposed businessapproach towards honouring their interests.Prior to opening his branch in Fourways, Conrad made a decision to conduct further research intopotential suppliers for his new business venture. He downloaded the integrated annual report forAstral Foods to conduct his research. The link for the integrated annual report can be found using thefollowing link:https://www.astralfoods.com/assets/Documents/Investor%20Centre/2022/Integrated%20Report%20for%20the%20year%20ended%2030%20September%202022.pdf. Q.3.1 Considering Astral Ltd Group’s annual report, discuss your opinion regarding theadequacy of their adoption of the stakeholder theory. Consider the theory, thestakeholders mentioned, and the application thereof throughout the report.
- Assume that a company provided the following information and assumptions from its master budget: Sales budget: Unit sales in June, July, and August are 20,000, 18,000, and 17,000, respectively. The selling price per unit is $80. All sales are on account. 20% of sales are collected in the month of sale and 80% are collected in the next month. What are the budgeted sales for July? Multiple Choice $1,440,000 $1,600,000 $288,000 $1,152,000Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter. Finished goods Inventory,June1 $61,600 $46,200 (e) Cost of goods manufactured 329,000 (c ) 484,800 Cost of finished goods available for sales (a) $260,400 $540,000 Finished goods Inventory ,June30 72,800 61,600 (f) Cost of goods sold (b) (d) $513,600GoodMed Drug Company produced an antibiotic that is supposed to treat several bacterial infections. However, its main objective is to capture the market of Goodwill Pharma Company's antibiotic, which has become the household antibiotic in the Philippines with a whopping 50% market share. Based on Good Med Drug Company's research, customers want a cheaper alternative for antibiotics. Thus, the company reduced the price to half of Goodwill Pharma The catch is that the efficiency of the antibiotics is inferior to that of Goodwill Pharma Mary Ann Ocampo, a seasoned medical representative, was appointed by GoodMed Drug Company to do a sales pitch of the antibiotics to its network of doctors. The Company promised her bonuses and other perks if she will be able to hit target. Mary Ann is currently in deep financial crisis as her daughter was ust recently diagnosed with leukemia and therefore, this is a timely opportunity or her to recover from her finances. However, at the back of her mind,…