Brian May, guitarist for Queen, does not know how to price his signature Antique Cherry Special that cost him £360 to make. He knows he wants 75% markup on cost. What price should Brian May ask for the guitar? Price 3.
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- Brian May, guitarist for Queen, does not know how to price his signature Antique Cherry Special that cost him L280 to make. He knows he wants 85% markup on cost. What price should Brian May ask for the guitar?Assume you want to purchase a used MacBook pro which is priced at AED 4,500. You are able to negotiate and purchase it for AED 4,300. However, you think that the macbook is worth AED 4,200. According to historical cost principle, what is the actual cost of the item?Suppose your company sells a 3 pack of lenses that attach to smart phones to improve the quality of pictures people take. You pay 29.95 for each 3 Pack and sell them for 59.95. What is hyour Cost of Goods Sold Perrcentage for htis item? Suppose you sell 8,000 of the 3 pack of lenses described in question 3 above in one year. Your cost on each 3 pack is 29.95 and you sell them for 59.95. If your operating expenses for the year total 144,080, what are your net income and net profit margin percentage?
- Hi Mohamed when you submit this formm, the owner will be able to see your name and email address. 1.If Noof sells abayas for BD23, what would the purchase price be if 20% margin was applied? 2. If Ahmed sells laptops for 290, what would the purchase price be if 20% mark-up was applied?PLEASE ANSWER ASAP! THANK YOU! 1. After determining the total product cost of P100.00 per unit, Mr. Abecee the owner, decided to set mark-up of 15% on cost of his product. Determine the final retail price per unit of product. Show your solution. 2. What is the pricing strategy used by Mr. Abecee? Briefly explain this pricing strategy. 3. How many units must be sold for Mr. Abecee to Break-even if Fixed Cost isPhp 100,000, Unit Selling Price is Php10.00 and Unit Variable cost is Php.5.00. 4. Differentiate geographical pricing from psychological pricing. 5. If you are to put -up a small start-up business with a starting capital of P50,000 ...a) What business will it be? andb) What will be your best pricing strategy? Justify.Larry wants to buy a new Toyota Avalon. The sticker price on the model he is interested in is $41,271. Larry has done his homework and knows that the dealer cost on this car is 15% lower than the sticker price and the best deal he can negotiate is 3-4% above the dealer cost. Approximately what price should Larry be at when he finishes his negotiation? $35,420 $37,800 $38,000 $36,500
- 1. Patsy smith is planning to sell her special knife for $15 per unit. She purchases units from alocal distributor for $6 each. She can return any unsold units for a full refund. Fixed costs forbooth rental, including lighting and security is $450. Compute the breakeven point in units sold 2. Suppose the unit purchased is $5 instead of $6 but the selling price is unchanged. Compute the new breakeven point in units sold. 3. Management would like to achieve a target profit after taxes of $300,000. The company’s income tax rate is 25 percent. What target profit before taxes is required to achieve the $300,000 after-tax?Patsy Smith is planning to sell her special knife for $15 per unit. She purchases units from alocal distributor for $6 each. She can return any unsold units for a full refund. Fixed costs forbooth rental, including lighting and security are $4500. Required a) Compute the breakeven point in units sold. b) Suppose the unit purchased is $5 instead of $6, the fixed cost increases by $500, butthe selling price is unchanged. Compute the new breakeven point in units sold. c) Using the above data, explain how cost behavior affects Patsy Smith’s decision-making?Best Buy Entertainment can obtain Panasonic MP3 players for $134 less a trade discount of 35%. A comparable Samsung model is available for $127 less a discount of 30%.Which MP3 player has the lower net cost? How much lower? (Round your answer to the nearest cent.) Lower by = $
- Ella buys a machine for $ 18,500, less discounts of 20% and 15%. The overhead expenses are 8% on cost and she plans to make a profit of 60% on cost. a) What is the regular selling price? b) What is the profit or loss if she offers a markdown of 22%? C) What is the maximum markdown rate she can offer to sell at the break-even price? Ativate WindowQ4: Company XYZ has a choice of two machines to purchase. They both make the same product which sells for 20$. Machine A has FC of 8000$ and per unit cost of 6$. Machine B has FC of 20000$ and per .unit cost of 2$. Under what conditions would you select machine A6. Kristine is distributor of brass picture frames for P45. For 2022, she plans to purchase for P30 each and sell them for P45 each. Kristine's fixed costs are expected to be P240,000. Kristine's only other costs will be variable costs of P60 per shipment for preparing the invoice and delivery documents, organizing the delivery , and following up for collecting accounts receivable. The P60 cost will be incurred each time Kristine ships an order of picture frames, regardless of the number of frames in the order. Suppose Kristine sells 40,000 picture frames in 1,000 shipments in 2022, what is Kristine's operating income for 2022?