HUEC 3043 Chapter : Chapter 3 1

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azuremammoth471

15 Mar 2019

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The relationship of markup to profit hi f m k. Objectives (cid:121) identification of the types of markups and the use of each in making merchandise decisions. (cid:121) calculation of the different types of markup. Parts: types of markup, averaging or balancing markup, limitations of the markup percentage as a. Initial markup (cid:121) the difference between the billed cost of merchandise and first retail price placed on a given item or group of items. Forecast the total sales for the season or the year. Estimate the required expenses and the price reductions needed to reach the sales plan. Set a profit goal-operating profit or department contribution. Add the estimated expenses to the price reductions and profit to determine the dollar markup. Establishing an initial markup: determine the original retail by adding the planned reductions to the planned sales. Establishing an initial markup: compute the markup percentage by dividing the dollar markup found in step 4 by the original price.

Related Questions

You are the manager of a firm that produces X and Y at zero cost. You know that different types of consumers value your two products differently, but you are unable to identify these consumers individually at the time of the sale. In particular, you know there are three types of consumers (1,000 of each type) with the following valuations for the two products:

Consumer Type Product x Product Y

1 $60 $50
2 $50 $125
3 $25 $140

a. What are your firm's profits if you charge $25 for product X and $50 for product Y?
b. What are your profits if you charge $60 for product X and $140 for product Y?
c. What are your profits if you charge $110 for a bundle containing one unit of product X and one unit of product Y?
d. What are your firm's profits if you charge $175 for a bundle containing one unit of X and one unit of Y, but also sell the products individually at a price of $60 for product X and $140 for product Y?

aquamarinetiger350

You are the manager of a firm that produces products X and Y at zero cost. You know that different types of consumers value your two products differently, but you are unable to identify these consumers individually at the time of the sale. In particular, you know there are three types of consumers (1,000 of each type) with the following valuations for the two products.

Consumer Type Product X Product Y
1 $60 $50
2 $50 $125
3 $25 $140

a. What are your firm's profits if you charge $25 for product X and $50 for product Y?
b. What are your profits if you charge $60 for product X and $140 for product Y?
c. What are your profits if you charge $110 for a bundle containing one unit of product X and one unit of product Y?
d. What are your firm's profits if you charge $175 for a bundle containing one unit of X and one unit of Y, but also sell the products individually at a price of $60 for product X and $140 for product Y?

ochretoad279

Chapter 13 Assignment Law of Property: Real and Personal

Due Date: Refer to the Course Calendar

Submit questions and answers, not just your answers.

Please answer the following questions with complete sentences.

Points will be deducted if answers are not in complete sentences.

1. What are the similarities and differences between a cooperative and a condominium?

2. Sometimes courts offer multiple reasons for their decisions. The fact that the lower court offered two distinctly different reasons for granting summary judgment to the Homeowners Associations was especially important in the case of Burton Stevens v. Elk Run Homeowners. Association, Inc. Why? Please be very detailed.

3. Why might an inventor prefer to protect an invention using trade secret law rather than patent law, or vice versa?

4. The Trade-Related Aspects of International Property Rights (TRIPS) is administered by whom?

5. The patent holder has a guarantee of an exclusive monopoly on the use of the invention for how many years?

6. Many countries require a business to be what to register a domain name in the country?

7. Because of the Takings Clause of the U. S. Constitution, what are the two requirements when the government wishes to take someoneâs private property?

8. What are the bundles of rights associated with Real Property?

9. Explain everything that is included in the ownership of land.

10. List and describe the different interests in Real Property.

11. Define easement. List and describe the three different types of the easement.

12. List and describe the three types of co-ownerships.

orangewombat200

HUEC 3043 Chapter : Chapter 3 1

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