Answer:
$64,300
Explanation:
The amount of revenue that Moretti Department store should recognize as revenue in 2021 should be based on the redeemed amount in the year and unused balance:
1. $1,500 were redeemed during 2021
2. $800 2019 balance remains unused
3. $22,000 were redeemed in 2021
4. $40,000 were redeemed in 2021
Total Revenue for 2021 = $64,300
Answer:
Explanation: The marketing mix consists of a number of factors that a producer usually exploits in order to influence consumers to purchase his/her products and services.
The marketing mix consists of:
- Product
- Price
- Place
- Promotion.
The above are usually called the 4Ps of marketing.
Of the four factors of the marketing mix, the factor that will the easiest for Lee to change will be the price.
This is because, often times, the price of a product or service will be the major determinant in the success of said commodity, and this is due to the fact that customers will compare the product being offered with its price in order to judge whether the product is worthy of the value placed on it.
Therefore, in order for Lee to influence the potential customers to make purchases, the price of the software program will be the easiest to be reviewed, and it should be set to a level where potential customers will be influenced to exchange their money for the software program.
Answer:
Bauble to be sold for break even = 5484
Explanation:
Sales Mixture = 16000 : 8000 = 2:1 2 : 1
Bauble Trinkets
Selling Price P.u (16/16) : (16/8) = 1 2
Variable Cost (6400/16000) : ( 11520/16000) = (0.4) (0.72)
Contribution margin Per unit (Sp-Vc) = 0.6 1.28
Com-posit Cm 2 baubles 1 trinkets = 0.6*2+1.28*1 = 2.48
Fix Cost Total = 3200+3600 = 6800
Break-Even units = 6800/2.48 = 2741
Baubles 2742*2 = 5484*0.6 = 3290.4
Trinkets 2742*1 = 2742*1.28 = 3509.7
Answer:
$21,370
Explanation:
A composite unit is a set of different products grouped together in proportion to their sales mix. The unit is a basis for grouping products from different segments of an entity together with the aim of managing inventory levels, break even points, and sales.
The selling price of the composite unit can be calculated as follows:
||Bicycle model |No. of bicycles |Unit selling price |Total per composite unit
|Youth models| 5 | 440 | 2,200
|Adult models| 9 | 990 | 8,910
|Recreational models| 6 | 1,140 | <u>10,260</u>
Selling price per composite unit <u>21,370</u>
