Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $210 perroll. However, RSR offers quantity discounts. The following table shows the price per roll depending on order size:Quantity OrderedFromToPrice per Roll175$21076125$185126225$170226and up$145The file RSR contains 172 orders that have arrived for the coming six weeks.(e) Use the VLOOKUP function with the preceding pricing table to determine the total revenue (in dollars) from these orders.$(b) Use the COUNTIF function to determine the number of orders in each price bin.Quantity OrderedFrom To Price per Roll Number of Orders375$21076125$185126225$170226and up$145

Overview:Context: Richardson Ski Racing (RSR) sells fencing used on downhill ski courses, with…

Answered: Richardson Ski Racing (RSR) sells…

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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Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $215 per roll. However, RSR offers quantity discounts. The following table shows the price per roll depending on order size: From Quantity Ordered To 30 Price per Roll 1 31 60 61 120 121 and up $215 $195 $175 $155 Click on the datafile logo to reference the data. DATA file (a) Use the VLOOKUP function with the preceding pricing table to determine the total revenue from these orders. (b) Use the COUNTIF function to determine the number of orders in each price bin. From To Price per Roll Number of Orders 1 31 61 32 80 $215 $195 120 $175 121 and up $155 172 Hint(s) Check My Work
Richardson Ski Racing (RSR) sells equipment needed for downhill ski racing. One of RSR's products is fencing used on downhill courses. The fence product comes in 150-foot rolls and sells for $215 per roll. However, RSR offers quantity discounts. The following Activity Frame e per roll depending on order size: Quantity Ordered Το From Price per Roll 1 30 $215 31 60 $195 61 120 $175 121 and up $155 Click on the datafile logo to reference the data. DATA fil (a) Use the XLOOKUP function with the preceding pricing table to determine the total revenue from these orders. (b) Use the COUNTIF function to determine the number of orders in each price bin. From To Price per Number of Roll Orders 1 30 $215 31 60 $195 61 120 $175 121 and up $155 172
2
Fitness Express sells three different types of elliptical machines. They have manufactured 50 of each machine for a special sale. The store already ha orders for 46 of machine A and 16 of machine B. Use the following information to determine how many of machine C the store needs to sell to break even? Show your work on a separate sheet of paper. Manufacturing Cost $105.00 $140.00 $175.00 Elliptical Machine Machine A Machine B Machine C Total costs of all machines: $ Total revenue: $ Number of machine Cs to sell to break even: Retail Cost $250.00 $305.00 $420.00
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Rugged Outfitters purchases one model of mountain bike at a wholesale cost of $520 per unit and resells it to end consumers. The annual demand for the company’s product is 49,000 units. Ordering costs are $500 per order and carrying costs are $100 per bike per year, including $40 in the opportunity cost of holding inventory. QWhat is the cost impact on the company of excluding the opportunity cost of carrying inventory when making EOQ decisions? Why do you think the company currently excludes the opportunity costs of carrying inventory when evaluating the manager’s performance? What could the company do to encourage the manager to make decisions more congruent with the goal of reducing total inventory costs?
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Sports Extreme advertised a Freestyle XL Stand Up Paddleboard for a regular price of $710. Sports Extreme bought the board from its supplier for $510 less a trade discount of 25%. The Sports Extreme's overhead expenses are 20% of cost. a. What operating profit or loss will Sports Extreme realize if the paddleboard is sold at the regular price? (Round your answer to 2 decimal places.) (Click to sele v b. What operating profit or loss will Sports Extreme realize if the paddleboard is sold during a "20% off" weekend sale? (Round your answer to 2 decimal places.) (Click to sele c. What rate of markdown can Sports Extreme advertise if it is willing to just break even on the sale of the paddle board during an end of season sale? (Round your answer to 2 decimal places.) Rate of markdown
Snow Now sells snowboards. Snow Now knows that the most people will pay for the snowboards is $129.99. Snow Now is convinced that it needs a 45% markup based on cost. The most that Snow Now can pay to its supplier for the snowboards is: A. $88.65 B. $98.65 C. $96.65 D. None of these E. $87.65
Har
Sunland Appliance Co. manufactures low-price, no-frills appliances that are in great demand for rental units. Pricing and cost information on Sunland's main products are as follows. Item Refrigerator Range Stackable washer/dryer unit Stand-Alone Selling Price (Cost) $520 ($245) $610 ($330) $780 ($440) Customers can contract a purchase either individually at the stated prices or for a three-item bundle with a price of $1,950. The bundle price includes delivery and installation. Sunland provides delivery and installation as a stand-alone service for any of its products for $90. The company follows IFRS. Respond to the requirements related to the following independent revenue arrangements for Sunland. (a) On June 1, 2023, Sunland sold 90 washer/dryer units without installation to Sandhill Rentals for $70,200 (on credit). Sandhill is a newer customer and is unsure of how this product will work in its older rental units. Sunland offers a 60-day return privilege and estimates, based on prior…

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