estion 11 A national retail store chain sells the XP Dog crate for $310 plus the applicable urisdictional sales taxes (GST and PST or HST). What is the final cost difference between consumers in Ontario and Saskatchewan when purchasing the XP Dog rate?
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- Question 19 SC Johnson distributes their OFF! Clip on product through various retail distribution channels (retailers). Based on current pricing strategy, they recommend each retailer sell each OFF! Clip on for $7.99. Each retailer purchases the OFF! Clip on from SC Johnson for $3.75 (wholesale price) and SC Johnson's variable costs are $2.07. One of the retailer's has decided to make a large volume purchase of the OFF! Clip on product so they can run a significant in-store price promotion to stimulate greater customer demand. This retailer wants to calculate what the increase in demand will need to be if they receive a special wholesale price per unit from SC Johnson at $3.50 per unit and the retailer applies a 25% promotional discount to their retail price. Based on this information, using the volume hurdle formula, calculate what volume hurdle % the retailer must achieve to break-even with this promotion. 80.10% 70.10% 50.90% 89.10%QUESTION 3 A manufacturer sells his final product for R300 plus VAT (@15%) to a wholesaler. The wholesaler sells the product at a mark-up of 20% above cost to the manufacturer. If the retailer's mark-up on cost is 25%, the final consumer will pay.......(including VAT). OA. R414 O B. R517.50 O C. R450.00 O D. R360.0013. One of the following is not a purchase cost of inventoriesa. non-refundable taxes b. trade discounts c. import duties d. handling cost 14. A markup of 40% on cost is equivalent to what markup on selling price?a. 29%b. 40%c. 31%d. 25% PLEASE ANSWER IMMEDIATELY
- Retailer X buys a product at $1.75 per unit and plans to sell the item for $3.29 per unit. Calculate the Margin on an (A) COST Basis or (B) RETAIL basisABC Merchandising buys merchandise costing P35,000 and returns P10,000 cost of the merchandise. If the term is 2/10, n/30 and the company pays the discount period, how much it should pay the seller? O a. P34,300 O b. P24,500 O c. P21,250 O d. P25,000Homework, Chapter 25 Accept Business at Special Price Product A is normally sold for $50 per unit. A special price of $30 is offered for the export market. The variable production cost is $26 per unit. An additional export tariff of 13% of revenue must be paid for all export products. Assume there is sufficient capacity for the special order. a. Prepare a differential analysis dated March 16 on whether to reject (Alternative 1) or accept (Alternative 2) the special order. If required, round your answers to two decimal places. If an amount is zero, enter "0". Differential Analysis Reject Order (Alt. 1) or Accept Order (Alt. 2) March 16 Reject Accept Differential Order Order Effects (Alternative 1) (Alternative 2) (Alternative 2) Revenues, per unit Costs: Variable manufacturing costs, per unit Export tariff, per unit Profit (loss), per unit b. Should the special order be rejected (Alternative 1) or accepted (Alternative 2)?
- 31 PROBLEMS Problem 2-1 (IAA) Miracle Company manufacturers a product that is packaged and sold. A plate is offered to customers sending in three wrappers accompanied by a remittance of P10. of m Data with respect to the premium offer are summarized below. 2020 2021 3,600,000 390,000 5,000 4,200,000 580,000 9,000 Sales Purchase of premium, P50 per plate Number of plates distributed as premiums Estimated number of plates to be distributed in subsequent period Distribution cost P20 per plate 2,000 3,000 Required: Prepare journal entries that would be made in 2020 and 2021 to record sales, premium purchases and redemptions, and year-end adjustments.QUESTION 4 10 points Save Answer The retailer price of a refrigiretor is £761. If the manufacturer gains 12%, the wholesale dealer gains 16% and the retailer gains 26%, what is the cost of the product? (Round your answer to the nearest penny). AlL Auguers to saue all ansuers Save All Answers Save and SubmitWhat is the average purchase price per unit for the each product? * $85.00 Product QBC Product RBO $205.56 $145.00 $55.00
- Product Price Sales Tax Rate Tax Code Cubs T-shirt $ 22.95 #VALUE! B Cubs Ballcap $ 17.80 #VALUE! A Hot Dog at Wrigley $ 8.95 #VALUE! B Bleacher Tickets $ 109.99 #VALUE! C Parking Pass $ 44.99 #VALUE! C Ernie Banks Autograph $ 129.00 #VALUE! A Total sales price (including sales tax) #VALUE! Tax Code Tax Rate A 0% B 5% C 20% What do I need to do for a Xlookup to find the Sales Tax Rate?Question 7 Text Tech has bought a product from their supplier for $2,372 with discounts of 30% and 5%. For full marks your answer(s) should be rounded to the nearest cent. a) What is the cost of the product to Text Tech? Unit cost = $ 0.00 b) If Text Tech has an overhead of 30% of cost, then what is the overhead per unit? Overhead per unit = $ 0.00 c) When Text Tech reduced its operating profit to 5% of the cost to establish a reduced selling price, it resulted in a markdown of 40%. What is the sale price (reduced price) of the product? Sale price = $ 0.00 d) What is the regular selling price of the product? Selling price = $ 0.00Find the sales tax and total sale. Item marked price Sales tax rate Sales tax $572.34 5.168% Item marked price Sales tax rate $572.34 5.168% (Round to the nearest cent.) Sales tax Total sales Total sale