Sadie May has decided to start a business where she will sell a single line of high heel shoes. Sadie will sell each pair of heels for​ $60 and will purchase the shoes from a supplier for​ $30 per pair. The supplier has offered Sadie two shipping​ options: either​ (1) Sadie can pay​ $5 per pair of heels ordered or​ (2) Sadie can pay a flat shipping cost of​ $500 per month regardless of the number of pairs ordered.   All of​ Sadie’s sales will be made online. The cost to maintain and manage her website will be​ $750 per month. In​ addition, Sadie will rent a small space to store inventory for​ $250 per month. Sadie does not expect any additional costs in her operations as long as she does not sell more than 150 pairs of heels per month.   Which of the following statements is​ incorrect?   A. Shipping option 2 is a riskier cost structure for Sadie.   B. At a monthly sales volume of 100 pairs of​ shoes, Sadie will be indifferent between the two shipping options.   C. If annual sales revenue is​ $54,000, Sadie’s operating income will be higher under option 1 than it is under option 2.   D. ​Sadie’s monthly breakeven point under shipping option 1 is 40 pairs of shoes.   E. ​Sadie’s annual breakeven sales revenue under shipping option 2 is ​$12,000.

Kevin’s Totes sells hand-made tote bags for $10 each. Tammy’s variable costs are $6 per bag and her fixed costs total $4040 per month. If Kevin’s tax rate is 20%, how many totes must she sell each month if she wants to earn $6100 in net income?

Kim works at a sports store and needs to determine the selling price for running shoes. The running shoes have a cost of $120. The manager asked Kim to price the running shoes with a 60% target gross margin. Kim has priced the running shoes with a 60% markup percentage.Required:1. What selling price does the manager want?   2. What selling price has Kim calculated?   3. If there are 42 running shoes, how much will the store lose in sales if the price is not corrected?

A real estate agent is considering changing her land line phone plan. There are three plans to choose from, all of which involve a monthly service charge of $20. Plan A has a cost of $.37 a minute for daytime calls and $.16 a minute for evening calls. Plan B has a charge of $.46 a minute for daytime calls and $.14 a minute for evening calls. Plan C has a flat rate of $75 with 300 minutes of calls allowed per month and a charge of $.34 per minute beyond that, day or evening. a. Determine the total charge under each plan for this case: 130 minutes of day calls and 50 minutes of evening calls in a month. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Cost for Plan A Cost for Plan B Cost for Plan C $ $ $ b. If the agent will only use the service for daytime calls, over what range of call minutes will each plan be optimal? (Round each answer to the nearest whole number. Include the indifference point itself in each answer.) Plan A is optimal from zero to…

You run a nail salon. Fixed monthly cost is $5,102.00 for rent and utilities, $5,992.00 is spent in salaries and $1,613.00 in insurance. Also every customer requires approximately $3.00 in supplies. You charge $90.00 on average for each service. You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,786.00, salaries to $6,735.00 and insurance to $2,228.00 per month. Cost of supplies will increase to $7.00 per service. However you can now charge $167.00 per service. What is the PROFIT or Loss at the crossover point? If a loss include the - Round the quantity to 3 digits when using to calculate the profit Submit Answer format: Number: Round to: 2 decimal places.

How many units does Eddie the Entrepreneur need to sell to breakeven in a day? He rents a kiosk in the mall for $300 a day.  He creates artworks that cost him $47 each in materials and sells them for $100 each.  He pays one of his friends $10 an hour to man the booth and he has to pay mall management 3% of his sales.  The mall is open daily from 10 am to 8 pm.

Suzanne    sells authentic Amish quilts on her website. Suppose   ss attached

Kate figures that based on her target ROS she will have to sell 20, 500 units of PickleKeeper, a storage unit for cucumbers. Kate sells the product direct to consumers for $0.59 and spends $ 0.29 per unit to manufacture and sell it. With fixed costs of $5,000, her target ROS % must be around 9.5%. (Round your answer to the nearest 50 units when choosing an option from below). Question 1 options: True False

Monique has a flock of six chickens in her backyard that she initially bought for $6 each. Theflock currently lays 20 eggs per week, which Monique and her family consume at home, andher current cost of feed is $2 per week. Monique has a job that pays $8/hour with flexiblehours, but she is thinking of selling her chickens’ eggs to earn extra income. To start sellingeggs, she would need to increase production to 30 eggs per week. She can do this by increasingthe chickens’ feed to $3 per week and taking an hour off work each week to devote to chickenrearing. If the market price of her farm-fresh eggs is $1 per egg, what would be Monique’sweekly economic profits from selling her chickens’ eggs? (Select one.)(a) −$9: This is her revenue minus her accounting cost.(b) −$1: This is her revenue minus her production cost.(c) $0: Eggs are a constant-cost market so producers must earn 0 profits.(d) $1: This is her revenue minus her economic cost.(e) $7: This is her revenue minus her accounting…

THIS QUESTION REQUIRES AN ESSAY STYLE ANSWER Harry sells hats in his shop and at the end of the financial year he is is required to do a stocktake.  He has 200 hats in the shop available to show and sell to customers. They cost $20 each. He sells them for $50 each. Due to Covid, there has been a surplus available and so the price has dropped from his supplier, so in future he can replace them for $15.  Required: What are his options in valuing the stock? Explain to him what is the best option so as to reduce his income tax  The answer must include an analysis of the pertinent sections of the relevant legislation, rulings and the relevant case law and give reasons and calculations for your answer