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- (e) When sales increase by 1%, which of the following should increase by more than 1% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) V Variable cost Fixed cost ces Gross margin Contribution margin Net operating incomea. Assume that the cost of goods sold is 60% and that the monthly discount rate is 1%. Looking at the values in the exhibit above, you note that the average monthly revenue for a subscribed customer rises as the company sends more emails. In addition, the average monthly revenue for an unsubscribed customer also rises as the company sends more emails. What could explain both of these patterns? b. Calculate the 6-month LTV for each of the four tested email frequencies. Please show the spreadsheet with your calculations and be clear about any assumptions you are making. c. Based on this test, how many emails-per-week should the company be sending to its customers? This email frequency should apply to all customers; the company doesn't want to implement a different email frequency for different kinds of peopleIn response to customer complaints about rising prices of food items, a supermarket responds by making the following offer: For every $10 of purchase, the customers will earn $1 worth of coupons and this way they will end up making twice as much as the supermarket. If the supermarket makes $500 worth of total sales to all customers taken together, how much will it need to restrict its costs to so as to honour the offer?
- F1. Use the Panera annual report to answer this question. You are going to start a fast casual restaurant similar to Panera, You need to figure out what your cost of goods sold will be. You decide to use the 2012 Panera numbers for your assumed cost of goods sold. In particular, you use the "Cost of Food and Paper Products" line item as the basis of your cost of goods sold. You know to compare this to the revenue item "Bakery Cafe Sales, Net". Based on this, what would be a reasonable assumption for your cost of goods sold as a percentage of sales?A clothing company has determined that if the price of a T-shirt is K40, then 150 will be demanded by T-shirt wearers. When the price is K45, then 100 T-shirts are demanded by T- shirts wearers.(a) Find the price-demand equation, assuming that it is linear.(b) Find the revenue function.(c) Find the number of items sold that will give the maximum revenue. What is the maximum revenue?(d) What is the price of each item when maximum revenue is achieved?For the Restaurant Sales database,:(a) Obtain the Min and Max amount in sales(b) For each Bin shown in the excel sheet, calculate the frequency for each bin as follows:For ex: if the Bin value is $200, the frequency is the number of entries, whose sales are Less than or equal to 200.Next Bin value is $250 => Frequency is the number of entries, whose sales is >200 and less than or equal to 250.And so on…. (c) Now that your values for Frequency and Bins is complete, use any data visualization tool/chart to plot – Sales on the X axis and Frequency on Y axis.(d) Looking at the plot /graph/chart in (c), what do you infer about the relationship?
- Q1. Murray furniture store sells couches as a retailer. The wholesale cost to them of their most popular model of couch varies depending on how many they purchase for sale. For the first 200 couches the cost is $299 each; for the next 200 couches it drops to $250 each; and for every couch after that it costs $225. Create an excel function using the IF function to show the gross profit under the following scenarios: a. b. It sells at a price of $650 and 350 units are purchased for sale and sold It sells at a price of $625 and 300 units are purchased for sale and sold It sells at a price are $700 and 1,000 units are purchased for sale and sold C.ABC Distributing Company sells small appliances to hardware stores. The President of the Company thinking about changing the credit policies offered by the firm to attract customers away from competitors. The current policy calls for a 1/10, net 30, and the new policy would call for a 3/10, net 50. Currently 40% of the customers are taking the discount, and it is anticipated that this number would go up to 50% with the new discount policy. It is further anticipated that annual sales would increase from a level of $200,000 to $250,000 because of the change in the cash discount policy. The increased sales would also affect the inventory level. The average inventory carried by Company is based on a determination of an EOQ. Assume unit sales of small appliances will increase from 20,000 to 25,000 unit. The ordering cost for each is $100 and the carrying cost is based on EOQ/2. Each unit in inventory has an average cost of $6.50. CoGS is equal to 65% of net sales; general and adm. expenses…5. A merchant buys a particular product at P 20 per unit and sells them at P 35 per unit. His fixed cost is P 200. Due to stiff competition, the sale of the product began to decline. The selling price decreased by 2% of the units sold. The variable and fixed cost remains constant. a. Represent the new selling price. b. Determine the TR, TC, and Profit function. c. Find the BEP quantity revenue. d. What is the profit at a sale volume of 100 units?
- A supermarket manager has asked you to help assess different shelf locations. To identify which location has the best sales H0: average sales FRONT= average sales MIDDLE = average sales REAR H1: at least one of the average sales differs Your analysis is shown in the following SPSS output: ANOVA Sales Sum of Squares df Mean Square F Sig. Between Groups 48.444 2 24.222 14.105 .000 Within Groups 25.760 15 1.717 Total 74.204 17 Multiple Comparisons Dependent Variable: sales in $1000 Bonferroni (I) shelf space location 1=front; 2=middle; 3= rear (J) shelf space location 1=front; 2=middle; 3= rear Mean Difference (I-J) Std. Error Sig. 95% Confidence Interval Lower Bound Upper Bound 1 2 4000.000* 756.601 .000 1961.92 6038.08 3 2333.333* 756.601 .023 295.25 4371.42 2 1 -4000.000* 756.601 .000 -6038.08 -1961.92 3 -1666.667…Island Novelties, Inc., of Palau makes two products-Hawaiian Fantasy and Tahitian Joy. Each product's selling price, variable expense per unit, and annual sales volume are as follows: Selling price per unit Variable expense per unit Number of units sold annually Hawaiian Fantasy 20 9 22,000 $ $ Tahitian Joy $ $ 110 33 6,000 Fixed expenses total $664,000 per year. Required: 1. Assuming the sales mix given above, do the following: a. Prepare a contribution format income statement showing both dollar and percent columns for each product and for the company as a whole. b. Compute the company's break-even point in dollar sales. Also, compute its margin of safety in dollars and its margin of safety percentage. 2. The company has developed a new product called Samoan Delight that sells for $30 each and that has variable expenses of $24 per unit. If the company can sell 22,000 units of Samoan Delight without incurring any additional fixed expenses: a. Prepare a revised contribution format…8) Another metric of operational efficiency that your book also talks about is Days' Sales in Receivables. What does it mean when a firm's Days' Sales in Receivable is decreasing. That: The efficiency of Receivable Department is moving in the wrong direction. The quality of the firm's product has lost its shine. The winter days have slowed down the energy of the firm's sale associates. The efficiency of the firm's receivable collection is moving in the right direction. None of the above. The winter days have slowed down the the energy of the firm's sales associates The efficiency of the firm's receivable collection is moving in the right direction. None of the above