Business, 13.04.2021 01:10 risolatziyovudd

Geoff Gullo owns a small firm that manufactures "Gullo Sunglasses." He has the opportunity to sell a particular seasonal model to Land's End. Geoff offers Land's End two purchasing options:  Option 1. Geoff offers to set his price at $65 and agrees to credit Land's End $53 for each unit Land's End returns to Geoff at the end of the season (because those units did not sell). Since styles change each year, there is essentially no value in the returned merchandise.  Option 2. Geoff offers a price of $55 for each unit, but returns are no longer accepted. In this case, Land’s End throws out unsold units at the end of each season. This season’s demand for this model will be normally distributed with mean of 200 and standard deviation of 125. Land’s End will sell those sunglasses for $100 each. Geoff’s production cost is $25. a) How much would Land's End buy if they chose option 1? b) How much would Land's End buy if they chose option 2? c) Which option will Land's End

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 20:30

What does the phrase limited liability mean in a corporate context?

Answers: 2

Answer

Business, 22.06.2019 11:30

Schonhardt corporation's relevant range of activity is 2,500 units to 5,500 units. when it produces and sells 4,000 units, its average costs per unit are as follows: averagecost per unitdirect materials $ 7.60direct labor $ 2.90variable manufacturing overhead $ 1.65fixed manufacturing overhead $ 2.90fixed selling expense $ 0.95fixed administrative expense $ 0.65sales commissions $ 0.75variable administrative expense $ 0.65if 4,500 units are produced, the total amount of fixed manufacturing cost incurred is closest to: multiple choicea $16,800b $11,400c $11,600d $15,400

Answers: 3

Answer

Business, 22.06.2019 20:30

Considered alone, which of the following would increase a company's current ratio? a. an increase in net fixed assets.b. an increase in accrued liabilities.c. an increase in notes payable.d. an increase in accounts receivable.e. an increase in accounts payable.

Answers: 3

Answer

Business, 22.06.2019 21:30

Consider the following three bond quotes; a treasury note quoted at 87.25, and a corporate bond quoted at 102.42, and a municipal bond quoted at 101.45. if the treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of these three bonds in dollars? multiple choice $872.50, $1,000, $1,000, respectively $1,000, $1,024.20, $1,001.45, respectively $872.50, $1,024.20, $5,072.50, respectively $1,000, $1,000, $1,000, respectively

Answers: 3

Answer

You know the right answer?

Geoff Gullo owns a small firm that manufactures "Gullo Sunglasses." He has the opportunity to sell a...

Questions