What is the overriding goal of a customer relationship management system?

Let's say you want to open a shoe store that will specialize in high-end shoes. But before you do, you want to determine how man

sveta [45]

Answer:

$240,000

Explanation:

Selling price per pair of shoes $160 x 12,000 ...1,920,000

Cost (to you) per pair of shoes $80 x 12,000 .... $960,000

Sales commission per pair $10 x 12,000.......... $120,000

Salaries ..........................................................................$420,000

Rent................................................................................ $120,000,

Advertising..................................................................... $20,000,

Insurance .........................................................................$16,000,

Miscellaneous fixed costs ..........................................$24,000,

Profit ..............................................................................$240,000

6 0

2 years ago

Suppose that the demand equation for Bobby Dolls is given by q = 216 – p2, where p is the price per doll in dollars and q is the

NikAS [45]

Answer:

P.Ed at p = 5 :- 0.26

Revenue maximising price = 8.5 ; Maximum Total Revenue = 1222

Explanation:

Price Elasticity of Demand shows responsive change in demand, due to change in price. P.Ed = ( dq / dp ) x ( p / q )

q = 216 - p^2

dq / dp = - 2p

P.Ed = dq / dp x ( p / q )

So, PEd = ( -2p ) x ( p / q )

[ (- 2p) (p) ] / [ 216 - p^2 ]

(- 2p^2 ) / ( 216 - p^2 )

Putting value of P = 5 in P.Ed

- 2(25)

216 - 25

= - 50 / 191

P.Ed = 0.26

Revenue is the total value of receipts from sale of goods & services. TR = p x q

q = 216 - p^2

TR = 216p - p^3

To find price maximising TR , we will derivate TR function with respect to 'p'

d TR / d p = 216 - 3p^2

d TR / d p = 216 - 3p^2 = 0

3p^2 = 216

p^2 = 216 / 3

p^2 = 72

p = √ 72

p = 8.5

Finding maximum revenue ; Putting price = 8.5 in TR function

TR = 216p - p^3

216 (8.5) - (8.5)^3

1836 - 614

1222

7 0

2 years ago

Zagat Inc. enters into an agreement on March 1, 2014, to sell Werner Metal Company aluminum ingots in 2 months. As part of the a

salantis [7]

Answer:

A. Debit Cash with $200,000, and Credit Liability to Werner Metal Company with $200,000 .

B. Debit interest expense and Liability to Werner Metal Company with $4,000 and $200,000 respectively, Credit cash with $204,000.

Explanation:

A) Prepare the journall entry necessary on March 1, 2014.

Details Dr ($) Cr ($)

Cash 200,000

Liability to Werner Metal Company 200,000

Being cash received from the agreement to sell aluminum ingots in 2 months.

B) Prepare the journal entry for the repurchase of the ingots on May 1, 2014.

Details Dr ($) Cr ($)

Interest expense ($200,000 × 2%) 4,000

Liability to Werner Metal Company 200,000

Cash 204,000

Being settlement of liability with interest for the repurchase of the ingots.

4 0

2 years ago

A company is selling used office equipment for $12,000.

FromTheMoon [43]

Answer:

ans-b

Explanation:

The ans is b, hope it helped you.Have a nive day

4 0

2 years ago

Crown Company established a petty cash fund of $600 for incidental expenditures on January 2, 2019. At the end of the month, the

FrozenT [24]

Answer:

1) Dr Petty Cash $600

Cr. Cash $600

2) Dr. Postage Expense $250.40

Dr. Office Supplies Expense $160.90

Dr. Miscellaneous expense $124.05

Dr. Cash over and short $8.3

Cr. Cash $543.65

8 0

2 years ago