expenses for this product to be 35% of sales‚ and wanted a net profit of 5% of sales. The retailer expected no markdowns. What retail selling price should be set for each hammer? [Hint: The way to handle this problem is to say that the Gross Profit Margin has to cover the 35% of expenses applicable to the product plus the 5% of net profit wanted. And once you know the GPM%‚ you know the Cost percentage of the Selling Price. ] 2. Competition in a line of sporting goods limits the selling price
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costs‚ total revenues‚ and profits during a time period. It is particularly useful in the early stages of planning when it provides a framework for discussing planning issues. Q15-4. In a contribution income statement‚ costs are classified according to behavior as variable or fixed‚ and the contribution margin (the difference between total revenues and total variable costs) that goes toward covering fixed costs and providing a profit is emphasized. In a functional income statement‚ costs are classified
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Of all the minority groups‚ the African-Americans contributed the most manpower. There were more than nine hundred thousand African- American men enlisted in the military‚ they served in different military branches- Army‚ Navy‚ Marine Corps and the Coast Guard. FDR also gave them the permission to join the Air Corps‚ and to attend officer training schools. The “Tuskegee Airmen” included pilots‚ navigators‚ bombardiers‚ maintenance and support staff‚ instructors‚ and all the personnel who kept the
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Seen from a systems point of view‚ sales process engineering views marketing as “a set of processes that are interconnected and interdependent with other functions. Whose methods can be improved using a variety of relatively new approaches. CONTRIBUTION TO ECONOMIC EXPANSION Marketing is seen as the task of creating‚ promoting & delivering goods & services to customers & business. Marketers are skilled in stimulating demand for the company’s products they are responsible for demand management
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Contribution of Aristotle in motion Aristotle’s ideas were believed to be true from 500 BC to 1600 CE. That’s about 1‚100 years of false knowledge. What Aristotle taught‚ appeared to be correct because it seemed obvious‚ but not all things are obvious. Aristotle’s view on motion seems to make sense. Unfortunately‚ it isn’t correct. But because his theories appeared to make sense‚ they became popular and well accepted for a very long time. The key ideas that Aristotle tried to teach were: All
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Financial Statement Analysis Exercises (Chapter 2) 2-4. Consider the following potential events that might have taken place atVodafone Group Plc on 31 March‚ 2012. For each one‚ indicate which line items in Vodafone’s balance sheet would be affected and by how much. Also indicate the change to Vodafone’s book value of equity. (In all cases‚ ignore any tax consequences for simplicity.) a. b. A warehouse fire destroyed £50 million worth of uninsured inventory. c. Vodafone used £50million
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Running Head: JUSTIFICATION REPORT Increase Profit Margin for Krispy Kreme Lawrence A. Mayo‚ JR Strayer University Online English 315 Professor Kelly Gordon November 11‚ 2013 Nov. 28‚ 2013 Mr. James H. Morgan‚ CEO Krispy Kreme Doughnut Corporation P.O Box 83 Winston-Salem‚ NC 27102 Dear Mr. Morgan: Enclosed is a copy of my justification report for restructuring your business model and vision for Krispy
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Bill Gates and Tim Berners-Lee: Their Contributions to Information Technology and the IT Industry Nowadays‚ information technology is playing a significant role in human’s life. Actually‚ it has only been developing for several decades. In fact‚ there are two key men who contribute greatly for this process. They are Bill Gates and Tim Berners-Lee. This essay will explain their contribution to IT and its industry and discuss it in several aspects. There remain several differences between
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1. List down the characters and analyze their professional personalities/attitudes in this movie. Jared Cohen Suggested that they should sell all the products Not responsible Should consider the long term effect of every action that they take John Tuld Decided to sell all the products to the same buyers and any new buyers He argues that the action made is for the sake of the company Agency problem - conflict of interest Ruin the company reputation and loss people trust Sam Rogers Facing a dilemma
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1. What did the Apostles contribute for the growth of the early church? St. Peter‚ one of the apostles and also the first pope‚ established the church of Antioch for seven years presiding as the city’s bishop and preached to scatter communities of believers. These believers include the Jews‚ the Hebrew Christians and the gentiles who live in Pontus‚ Galatia‚ Cappadocia‚ Asia Minor and Bithynia. Also‚ the author of the Acts of the Apostles portrays Peter as a very important figure within the early
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