Several years ago, the Paradise Surf Shop was the only surf-gear store catering to women. It carried everything the serious female surfer needed to ride the waves. In terms of its merchandise assortment, it had a ________ assortment
A) shallow and deep
B) narrow and deep
C) shallow and broad
D) broad and deep
E) shallow and narrow
B
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Custom Shoes Co. has gathered the following information concerning one model of shoe:
Variable manufacturing costs $40,000 Variable selling and administrative costs $20,000 Fixed manufacturing costs $160,000 Fixed selling and administrative costs $120,000 Investment $1,700,000 ROI 30% Planned production and sales 5,000 pairs What is the markup percentage? a) 182% b) 850% c) 255% d) 150%
Voellers Upholstery Co. produces inexpensive leather chairs. The average selling price for one of the chairs is
$400. The variable cost per chair is $250. Voellers has average fixed costs per year of $450,000. a. What is the break-even point in units? b. What is the break-even point in dollar sales? c. What would be the operating profit or loss associated with the production and sale of (1 ) 3,000 chairs, (2 ) 4,000 chairs?