Morrissey Forgings‚ Inc. This heavily disguised case is set in the "mature" woodstoves business in 1986. It is not based on The Vermont Castings Company. The issue is product line strategy based on product line profitability. In early 1986‚ Tim Morrissey was reviewing the disappointing 1985 results of operations for his company (see Exhibit 1). The business had been founded in 1938 by Tim’s grandfather as a modernization of an older iron forge company which Tim’s great-great-grandfather had
Premium Sales Marketing Selling
percentage for setting prices as a percentage of the full cost of the product. Student Answer: Direct materials $60‚000 Direct manufacturing labor $40‚000 Factory overhead-variable $30‚000 Factory overhead-Fixed $50‚000 Selling and administrative expenses-variable $20‚000 Selling and administrative expenses-Fixed $30‚000 Full cost of the product $230‚000 Sales = $300‚000 Profit = $300‚00 - $230‚000 = $70‚000 Average markup percentage = 70‚000/230‚000 x 100 = 30.43% Instructor Explanation: $60‚000
Premium Variable cost Cost Price
following two months. Ronal Sen has agreed to sell at 2/10 net 40. Cost of goods manufactured is 80% of sales. 80% of this cost is paid after one month and the balance is paid after two months of the cost incurrence. Fixed selling expenses are Rs.12‚000 per month. Variable selling expenses are 12% of sales each month. Half-yearly interest on 12%‚ Rs.4‚50‚000 debentures is paid during July. Rs.60‚000 are expected to be invested in fixed assets during June An advance tax of Rs.15‚000 will be paid
Premium Finance Estimation English-language films
CarMax‚ founded in 1993‚ was created to provide an enhanced option for both purchasing and selling a used vehicle. Their advantages were small; no haggle costing‚ large selections‚ enhanced funding options and a sales team dedicated to work with potential clients. Also‚ they would also make a strong bid on any vehicle they were presented with. They were able to this because they were not dependent on consumers selling to them; their main interest was the consumer buying one from them. CarMax sudden rise
Premium Sales Automobile Selling
Evyral introduces the Social Shopping Community 1888PressRelease - Evyral provides a social platform for entrepreneurs and business owners to share their own creations and products. Introducing the Social Shopping Community - an interactive online shopping community designed to bring buyers and sellers together. Evyral’s mission is to create an open and accessible community; a network where people can connect‚ compare‚ and share products and services used today. Evyral is your social
Premium Login Retailing Sales
Case Study Datavast Inc. By Winston Hao Blandin Adalid Princ. of Marketing Dr. Moses. Executive Summary Winston Hao‚ the owner of Datavast Inc.‚ is operating at a loss and needs to find out a way to be profitable this year. Datavast Inc. sells Data Security Boxes to big and small companies in China who are new to the concept of cloud storage. Winston Hao needs to dial in his target market‚ but the real issue is not enough sales. Hao is certain to segment to try to emphasis deep in order for
Premium Cloud computing Sales Marketing
Tumanguil‚ Joan Mae F. INVS&PRTF/ AFM0711 Board Lot System Equity trading is done by board lot or round lot system. The Board Lot Table determines the minimum number of shares an investor can buy or sell at a specific price range. Therefore‚ the minimum amount of initial investment varies and will depend on the market price of the stock as well as its corresponding board lot. Prices of stocks move through a scale of minimum price fluctuations. Table 1. Board Lot Table Market Price (in Php) Tick
Premium Stock Stock market Sales
based already? 6. How are these banks able to convince the branch people to sell other products like auto‚ mortgage‚ credit card‚ treasury and trust products‚ etc.? 7. Who are the ones selling all these products? Just the branch head and the sales people or all branch and officers are involve in selling? How are these behavior to sell products at the branch level encourage? 8. In terms of client to product ratio‚ how important is this to the assigned banks? Is it measured and if it is
Premium Sales Marketing Bank
handicraft business is an excellent idea today. Starting a Handicraft Business You have three options in starting a handicraft business. You can produce your own handicraft items or you will just sell other’s products or you can do both – producing and selling. Nevertheless‚ before you engage in this kind of business‚ you should know whether or not people will be attracted and buy your products‚ understand the business itself as well as the basic bookkeeping‚ managing‚ advertising‚ and purchasing. Keep
Premium Sales Commerce Renting
Sales reps are not known for attracting new businesses. CFI usually generate 5% higher profit margin. 5% additional profits may not be enough to cover additional expenses. CFI sales force has developed a reputable standing in the industry. 25% of selling time dedicated to Carrington may have to be re-assigned to Lea-Meadows line. (3) My advice to CFI on how to deal with the sales force issue is to consider merging the sales reps and the sales agents based on the following factors: a) Under the
Premium Sales Marketing Decision making