By subtracting cost of goods sold(COGS) and variable expenses from total sales we get Contribution. Here variable expenses include both variable selling and variable administrative expenses.
Through this we get contribution of given question as 163,000.
Contribution = Sales - Cost of Goods Sold - Variable Selling Expenses- Variable Administrative Expenses
No. of Books Sold= Sales Reported/ Average Selling Price per Book
=900,000/60= 15,000 books
Total Variable Selling Expenses= No. of Books x Selling Price per unit
= 15,000 books x $5 per book= $75,000
Total Variable Administrative Expenses= Sales x 3%
=900,000 x 3% = $27,000
Contribution Margin= 900,000 + 635,000 +75,000 + 27,000=163,000
Contribution Margin = $163,000
The contribution margin is the percentage of a product's sales revenue that isn't consumed by variable costs and goes toward paying the firm's fixed expenses.
One of the main components of break-even analysis is the idea of contribution margin.
Labor-intensive businesses with few fixed expenses tend to have low contribution margins, whereas capital-intensive, industrial businesses have more fixed costs and, thus, higher contribution margins.
Your question is incomplete. Kindly find the missing content below:
An income statement for Sam's Bookstore for the first quarter of the year is presented below:
Sam's Bookstore Income Statement For Quarter Ended March 31
Sales= $900,000
Cost of goods sold= 635,000
Gross margin= 265,000
Selling and administrative expenses:
Selling= $101,000
Administration= 106,000
Net operating income= $58,000
On average, a book sells for $60. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales with the remainder being fixed.
The contribution margin for Sam's Bookstore for the first quarter is?
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Meal interviews are used by companies as a means of seeing candidates in a more social setting and how they interact with restaurant staff. What is accepted etiquette for conducting yourself during a meal interview?
A.Pick a meal that is easy to eat while you’re talking
B. Focus on the meal so you’re not so hungry
C. If you need to leave the table during the meal, put your napkin on the table
D. Arrive at the restaurant at least 5 minutes prior to your interview time
Make sure to welcome everyone present at the meal interview. Introduce yourself, shake hands with everyone, and say hello.
What is meal interview?In this form of meal interview, the interviewer brings you to a restaurant for dinner where you talk during the course of the meal about the position and your qualifications. Job prospects may be taken out to dinner as part of the interview process so that interviewers can evaluate their interpersonal, communication, and general attitude abilities. It's important to keep in mind that the reason why the search committees invite candidates out to dinner is so they can get to know them better. They want to hire someone who will fit in with the department and be both a professional and socially appealing colleague. According to Amy Wolfgang, CEO of Austin, Texas-based Coaching 4 Good, hiring managers frequently do lunchtime interviews to get a better sense of your personality and how you behave in a relaxed environment.
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the ____ is a computation of how much income the investor might pocket from rent each year before mortgage payments as a percentage of the purchase price. group of answer choices
The answer is (gross) rental yield.
The gross rental yield is a computation that represents the income a real estate investor may receive from rent each year before deducting mortgage payments.
It is expressed as a percentage of the purchase price of the property. This metric helps investors assess the potential return on their investment based on the rental income generated by the property.
By calculating the gross rental yield, investors can compare the income generated by a property to its purchase price, providing insights into the profitability of the investment. It is important to note that the gross rental yield does not account for expenses such as property taxes, maintenance costs, or vacancies, which are subtracted to determine the net rental yield. Nonetheless, the gross rental yield serves as a useful starting point for evaluating the income potential of an investment property.
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Posttest
Your boss called you inta meeting this morning to tell you that he feels that you are not being as productive as you could be. He thinks you are wasting time on things that don't matter. What is the best strategy to address his concerns and to help you overcome whatever productivity issues you may have?
Approach your boss's concerns with an open mind, being transparent about your work activity, taking ownership of your progress, setting goals and deadlines, prioritizing your work, and using productivity tools can help to address any productivity issues you may be facing.
Tips that may help you approach the conversation with your boss in a productive manner:1. Listen carefully to your boss's concerns: Your boss's feedback is valuable, and it's important to listen to what they have to say about your productivity. Make sure to fully understand their concerns before responding.
2. Be transparent about your work:- Provide your boss with a detailed account of your work activities so that they can get a better sense of what you are spending your time on.
3.Take responsibility for improvement: As an employee, it's important to take ownership of your productivity issues and find solutions to any weaknesses that have been identified. Instead of blaming external factors, focus on what you can do differently to become more efficient and productive.
4. Set clear goals and deadlines: Work with your boss to set specific goals and deadlines for your work. This will help you stay focused and give you a clear sense of what you need to accomplish each day.
5. Prioritize your work: There are always going to be distractions and competing demands on your time, but it's important to prioritize your work based on what is most important and what will have the greatest impact on achieving your goals.
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Two benefits of self employment
Self-employment provides strong earning potential as people have more control over their own progression. Going hand-in-hand with the flexible lifestyle, individuals who work for themselves can go over and above to work long hours on some days, network, and reap the benefits of their hard work.
The demand curve in monopolistic competition slopes downward because of: a. strong barriers to entry. b. government regulation. c. product differentiation. d. the small number of firms.
The demand curve in monopolistic competition slopes downward because of product differentiation.
In monopolistic competition, each firm produces a differentiated product that is unique in some way from its competitors' products. This product differentiation gives firms some degree of control over the price they charge. When firms differentiate their products, they create a perceived difference in quality, features, or branding that makes consumers view each product as somewhat unique. As a result, consumers may be willing to pay different prices for different products based on their preferences.
The downward-sloping demand curve in monopolistic competition reflects the relationship between price and quantity demanded for a particular firm's product. As the price of a product decreases, consumers are willing to purchase more of it, and vice versa. The differentiation of products creates a perceived difference in value and utility, leading to variations in demand as prices change. Firms in monopolistic competition aim to find the price and quantity combination that maximizes their profits based on the demand for their differentiated product.
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2. Suppose that there are five different lemonade stands in the same neighborhood. Explain
how the lemonade stands meet most of the conditions of perfect competition
Answer:
Eventually prices will equalize at all five lemonade stands.
Explanation:
Perfect competition is accomplished when, in an appropriate business, all firms have identical price arrangements and there is an adequately substantial amount of these same firms so that the production arrangement of any one firm has no obvious influence on the cost at which it commodity is marketed.
The lemonade made are similar in taste, thus they are identical products. Thus, if a lemonade seller increases the price of their good, buyers can patronise another lemonade seller. As a result, the price of lemonades would be the same among the five sellers.
Also, there is little or no barriers to entry for lemonade sellers.
A perfect competition is a market were there are numerous buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
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The capital asset pricing model (CAPM) is based on the premise that: Group of answer choices Neither systematic nor unsystematic variability in cash flows is relevant. Only systematic variability in cash flows is relevant. Only unsystematic variability in cash flows is relevant. Both systematic and unsystematic variability in cash flows are relevant.
Answer:
only systematic variability in cash flows is relevant.
Explanation:
A capital asset pricing model is a model that is used for determining the theoretically appropriate required rate of return for an asset, and to make the decisions about the adding assets to a well-diversified portfolio. It is the relationship between the systematic risk and the expected return for the assets. It is based on the premises that the only systematic variability in the cash flows is very relevant.
a person filing for bankruptcy under chapter 11 and left in place to operate the business during the reorganization proceeding is known as the .
The business during reorganization proceeding is known as the bankruptcy.
What is bankruptcy?The legal procedure known as bankruptcy allows individuals or other entities that are unable to pay their debts in full or in part to seek partial relief from them. Most typically requested by the debtor, bankruptcy is imposed by a court order in most jurisdictions.
An insolvent individual may have other legal statuses as well; hence, the phrase "bankruptcy" is not a synonym for insolvency. Bankruptcy wasn't a thing in ancient Greece. When a man owed money but couldn't pay it back, his wife, kids, or servants were made to work for the creditor as "debt slaves" until the obligation was paid off. In several city-states in ancient Greece, debt slavery was only permitted for a five-year period and provided with protection for life and limb.
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the courses jacob has been taking that relate to his current job fall into which category? multiple choice development interpersonal relationships career management assessment training
The courses Jacob has been taking that relate to his current job fall into the training category. Option D
This is further explained below.
What is training?Generally, Teaching, or developing in oneself or others, any skills, knowledge, or fitness related to certain relevant competencies is what we mean when we talk about training.
Training is designed to improve a person's capabilities, capacities, productivity, and performance in specified ways.
Training refers to the process of enhancing an employee's knowledge and abilities in preparation for performing their duties in a certain job. The goal is to enhance both the job performance and the behavior of people who have been taught.
In conclusion, Training because the primary goal of training is to assist people in becoming more productive in their existing positions.
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Make a brochure on a fantasy island
Answer: Your welcome!
Explanation:
Welcome to Fantasy Island, a tropical paradise located in the Caribbean Sea. Here, you will find a world of enchantment and adventure, beautiful beaches, lush jungles, and a vibrant culture.
At Fantasy Island, you can explore the local culture and experience a variety of activities. From snorkeling and diving to horseback riding and jungle trekking, there is something for everyone. You can also relax on the beach, take a dip in the crystal-clear waters, or explore the many nearby islands.
Fantasy Island is home to a variety of wildlife and plants, including exotic birds, mammals, and reptiles. You can take a boat tour to see dolphins, turtles, and manatees, or explore the colorful coral reefs. There are also plenty of opportunities for fishing, and you can even go whale-watching.
Experience the magic of Fantasy Island with its friendly locals, delicious cuisine, and vibrant nightlife. With its perfect climate and stunning scenery, this is the perfect place to relax and experience a little bit of paradise.
Come to Fantasy Island and unlock the secrets of the Caribbean. We look forward to seeing you soon!
What consumer protection agency is known by the acronym SEC?.
Answer:
The Securities and Exchange Commission (SEC) is a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.
Securities and Exchange Commission (SEC) is the protection agency known by the acronym SEC.
In the wake of the 1929 Wall Street Crash, the United States federal government established the independent U.S. Securities and Exchange Commission. The SEC's main goal is to uphold the law against market manipulation.
To encourage ethical business practices, the disclosure of critical market information, and the prevention of fraud, the Securities and Exchange Commission regulates securities exchanges, securities brokers especially dealers, and investment advisors, including mutual funds.
The truth is that the agency has all the authority necessary to act as a regulator at its disposal – authority that is much greater than that of the SEC, which must gather convincing evidence and persuade a judge of its version of events before acting, not after.
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explain why installing an enterprise system often requires the redesign of existing business processes. discuss the impact that installing an enterprise system has on the organization.
Because the process will be handled entirely differently, it will be necessary to revamp current .The business now has a variety of options for achieving the success they believe an enterprise system would bring them.
What is the role of enterprise system?Enterprise Systems (ES) are comprehensive, bundled software systems that may be used to connect and simplify all business activities inside a company. They also help to raise knowledge and data levels among employees, supply chain partners, and other stakeholders.
What advantages does an enterprise system offer?An enterprise system's key advantage is the way it makes the duties of managers and staff simpler. For your workforce to be more productive, these tools automate tedious business operations. These systems may, for instance, conduct payroll, send emails to salespeople, or even buy merchandise automatically.
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Why very few subsistence economies exist today
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
flora Quinton is buying a new air compressor for her auto repair shop. it sells for $1,299. She makes a down payment of $199 and finances the remainder. How much does she finance?
Answer:
$1,100
Explanation:
flora Quinton is buying a new air compressor for her auto repair shop. it sells for $1,299. She makes a down payment of $199 and finances the remainder. How much does she finance?
1,299 - 199 = 1,100
A willing buyer who seeks a seller exclusively on Craigslist in search of a four-drawer file cabinet for $25 is the offeree, because he is the buyer. False False True True
The given statement about a willing buyer who makes an offer being the offeree, because he is the buyer is TRUE.
What is a Contract?This refers to the formal agreement that exists between two or more parties about a particular thing, usually backed by law.
Hence, we can see that based on the fact that the willing buyer has searched for a seller on Craigslist and wants to buy a cabinet for $25, then he is the offeree because he is the buyer based on his willingness to buy.
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In the _________ phase of BPI, the BPI team identifies relevant process metrics and collects data to understand how the metrics evolve over time.
Answer:
Measure.
Explanation:
In the measure phase of Business Process Improvement (BPI), the Business Process Improvement (BPI) team identifies relevant process metrics and collects data to understand how the metrics evolve over time.
Business Process Improvement (BPI) can be defined as an incremental approach, in which an organization focuses on limiting variation in the process outputs by searching for the main causes of the variation among process inputs or in the process itself.
The main steps of the Business Process Improvement (BPI) includes; mapping, analysis, redesign, implementation, reflection and benchmarking.
Additionally, some of the methodologies used for the Business Process Improvement (BPI) are Six Sigma, Total Quality Management (TQM), Lean etc.
Answer:
Explanation:
In the measure phase of Business Process Improvement (BPI), the Business Process Improvement (BPI) team identifies relevant process metrics and collects data to understand how the metrics evolve over time.
Which of the following is false?
A The process of financial planning takes place on an ongoing basis:
B. When calculating a client's net worth always use the sentiment value of each asset and the full, or outstanding, balance due for each liability.
C. A financial plannet will offer financial planning recommendations that addresses a client's goals, based on the information the client has provided.
D. Ratios can be used to diagnose a client's liguidity and solvency E. Both A and C
The false statement is B. When calculating a client's net worth, you should not use the sentiment value of each asset and the full outstanding balance due for each liability. Instead, the net worth is calculated by subtracting the total liabilities from the total assets.
The sentiment value of an asset and the outstanding balance due for a liability are not relevant in determining net worth.
Here's a step-by-step explanation:
1. Net worth is a measure of an individual's financial health and is calculated by subtracting total liabilities from total assets.
2. The sentiment value of an asset refers to its emotional or sentimental value, which is not considered in financial calculations.
3. Similarly, the outstanding balance due for each liability is not relevant in determining net worth.
4. To calculate net worth, you would add up the value of all assets, such as cash, investments, and property, and subtract the total liabilities, such as debts and loans.
5. The resulting figure represents the individual's net worth, which provides an indication of their financial position.
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The false statement is option B. When calculating a client's net worth, you should not always use the sentiment value of each asset and the full balance due for each liability.
Calculating a client's net worth involves determining their total assets and subtracting their total liabilities. Assets can include things like cash, investments, property, and personal possessions, while liabilities can include debts, loans, and mortgages.
To accurately calculate net worth, you should consider the fair market value of each asset rather than the sentiment value. The fair market value is the amount that the asset would sell for in the current market. Similarly, for liabilities, you should consider the outstanding balance or amount owed rather than the sentiment value.
Using the sentiment value of assets and the full balance due for liabilities may not accurately reflect the true value of a client's net worth. For example, if an asset has sentimental value but would not sell for a significant amount in the market, using its sentiment value would overstate the client's net worth. Similarly, if a liability has been partially paid off, using the full balance due would overstate the client's liabilities.
In summary, when calculating a client's net worth, it is important to use the fair market value of assets and the outstanding balance due for liabilities to obtain an accurate representation of their financial situation.
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Which of the following is not an example of professional behavior
?
Random variations represent either increasing or decreasing movements over many years due to factors such as population growth, population shifts, cultural changes and income shifts.
Answer:
FALSE
Explanation:
THIS IS THE COMPLETE QUESTION
Trends representing either increasing or decreasing movements over many years due to factors such as population growth, population shifts, cultural changes, and income shifts are a component of a time series called "Random Variations"
Random Variation can be regarded as
tendency of an estimated size/ value of a parameter to undergo deviation randomly away from the real/ true magnitude/ value of the parameter.
Juno Co. purchased a machine for $10,000 and estimates it will use the machine for three years with a $2,000 salvage value. It expects to produce a total of 8,000 units as follows: 3,000 during year one; 2,500 during year two; and 2,500 during year three. Using the units-of-production depreciation method, compute the machine's first year depreciation expense.
The machine's first year depreciation expense is $3000.
The units-of-production depreciation method is a depreciation method where the depreciation expense of an equipment depends on the units of a product produced in a given period.
Deprecation expense = (total units produced in year 1 / total units that the machine can produce) x (cost of the asset - salvage value)
Deprecation expense in the first year
(3,000 / 8,000) x ($10,000 - $2,000)
0.375 x $8,000 = $3000
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The repayment of a note payable is classified in the statement of cash flows as a(n): _______
a) noncash activity.
b) investing activity.
c) operating activity.
d) financing activity.
The repayment of a note payable is classified in the statement of cash flows as a financing activity.
The financing activity in the cash flow statement focuses on how a firm raises capital and pays it back to investors through capital markets. The largest line items in the cash flow from financing activities statement are dividends paid, repurchase of common stock, and proceeds from the issuance of debt.
The cash flow from financing activities helps investors see how often and how much a company raises capital and the source of that capital.
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MVGOY TUI Neuleen U12 QUESTION 4 of 10: You save $500 in a retirement account at age 25. It increases an average of 10% per year until you are 65. Which formula and result indicates how much money you will have in this account at age 65?
Answer:
Future value at age of 65 = $22,626.5 (Approx.)
Explanation:
Given:
Amount deposit in retirement account = $500
Number of year = 65 year - 25 year = 40
Average rate of increase = 10 %
Find:
Future value at age of 65
Computation:
A = P[1+r]ⁿ
Future value at age of 65 = Amount deposit in retirement account[1+Average rate of increase]ⁿ
Future value at age of 65 = 500[1 + 10%]⁴⁰
Future value at age of 65 = 500[1 + 0.10]⁴⁰
Future value at age of 65 = 500[1.10]⁴⁰
Future value at age of 65 = 500[45.259]
Future value at age of 65 = $22,626.5 (Approx.)
To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.
To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.
In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.
The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.
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find the sum of 2x kg and 5x g. Give the answer in grammes.
Answer: 3,600 g
Explanation:
When an invoice does not pass the tolerance check, it requires an audit.
True or False
False. When an invoice does not pass the tolerance check, it requires an investigation or review, but not necessarily an audit.
What is an invoice?An invoice is a commercial document that contains details of goods or services that have been provided by a vendor to a customer. It is a formal request for payment that includes information such as the date of the transaction, a description of the goods or services provided, the quantity and price of the items, and any applicable taxes or fees.
Invoices are typically used in business-to-business transactions, where a vendor provides goods or services to a customer on credit. In this context, an invoice serves as a record of the transaction and provides the customer with an itemized list of the goods or services provided and the amount owed.
According to the given informationFalse. When an invoice does not pass the tolerance check, it requires an investigation or review, but not necessarily an audit. A tolerance check is a process used by companies to ensure that invoices are accurate and do not exceed certain pre-set limits or thresholds. If an invoice exceeds these limits, it will typically require additional review or investigation to determine the cause of the discrepancy. This may involve checking the invoice for errors or discrepancies or contacting the vendor to clarify any questions or concerns. While an audit may be necessary in some cases, it is not always required for invoices that do not pass the tolerance check.
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nal Accounts Section Sales Cost of sales Rent income Interest on fixed deposit Directors' fees Salaries and wages Bad debts Audit fees Bank (ts) Advertising Consumable stores A. Sundry expenses Ordinary share dividends ADJUSTMENTS AND ADDITIONAL INFORMATION: 750 000 15 450 000 1 230 000 1315 150 24 000 147 600 975 000 80 800 560 000 368 20 Selling prices are determined by using a mark-up of 40% on cost Note: Trade discounts of R130 000 were allowed to special customers the financial year. in me paffo Sales. How are sales calculated
The overall sales for the fiscal year are 21,500,000, according to the information provided.
What is the fiscal year?A fiscal year is a 12-month period used by businesses and governments for financial reporting and budgeting purposes. It does not necessarily coincide with the calendar year and can start on any date. The fiscal year is used to report financial results and tax obligations to the government, and it is important to follow it accurately to ensure that all financial reporting is consistent and accurate.
Based on the information provided, the total sales can be calculated as follows:
The total cost of sales = 15,450,000
Markup on cost = 40%
Total markup = 40% of 15,450,000
= 6,180,000
The total cost of goods sold (COGS) = Total cost of sales + Total markup
= 15,450,000 + 6,180,000
= 21,630,000
To calculate the total sales, we need to subtract any discounts given to customers from the COGS:
Total sales = Total cost of goods sold - Trade discounts
= 21,630,000 - 130,000
= 21,500,000
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What is location analysis
Answer:
Location analysis is a technique for discovering, assessing and specifying the optimal placement of an organization's people, information, activities, and materials.Location models are key in performing location analysis by providing a well-documented common vision of current and desired location arrangements.
Maria Jensen, an insurance agent, earns a 40% commission on her sales. If Maria earned a commission of $1,500 in her first week on the job, what were her total sales for the week?
Maria Jensen is an insurance agent who earns a commission of 40% on her sales. In her first week on the job, Maria earned a commission of $1,500.
We can solve the problem by using the formula below;
C = P x Rwhere;C = Commission earnedP = Total salesR = Commission rate
Maria's commission rate is 40%. That means the commission she earned represents 40% of the total sales.
We can represent the total sales with the letter "S." We can,
herefore, write an equation below to represent the information given in the problem;
1,500 = 0.40S
We can solve for S by dividing both sides of the equation by 0.40;1,500/0.40 = S3750 = S
Total sales for the week were $3,750.
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After graduation from high school in June, you and three classmates plan to travel around the United States. The plan is to visit the capital cities of all 48 contiguous states, taking numerous pictures along the way. The Sunnyside Camera Shop offers to give you a dozen rolls of 36-exposure color film for the trip free if you agree to let it develop and print all the rolls you use, for a stated price per roll. You agree. Are both you and the Sunnyside Camera Shop legally bound? What is the consideration for each party?
Answer:
Yes, both you and the Sunnyside Camera Shop are legally bound. The consideration for you is the free rolls of 36-exposure color film, and the consideration for the Sunnyside Camera Shop is the agreement to develop and print all the rolls you use for a stated price per roll.
burger town introduced a new hamburger and released it in two different cities at two different prices. marketers of burger town then analyzed the sales records of their outlets at the two cities, determined the price that resulted in better profits
Burger Town introduced a new hamburger and released it in two different cities at two different prices. Marketers of Burger Town then analyzed the sales records of their outlets in the two cities, determined the price that resulted in better profits, and used the information to set a nationwide price for their new offering. This is an example of Experimental Research.
To determine the price that generated better profits, the marketers likely compared the sales revenue and costs associated with each price in each city. They would have looked at factors such as the number of units sold, the price elasticity of demand, and the production and marketing costs.
For example, they might have found that in City A, where they priced the hamburger higher, the demand was relatively low but the profit margin per unit sold was higher due to higher pricing. On the other hand, in City B, where they priced the hamburger lower, the demand was higher but the profit margin per unit sold was lower due to lower pricing.
By analyzing these factors, the marketers could determine which price point resulted in better overall profits for the new hamburger in each city. This analysis would allow them to make informed decisions on pricing strategies moving forward.
In summary, the marketers of Burger Town analyzed sales records in two different cities to determine the price that resulted in better profits for their new hamburger. They likely considered factors such as demand, price elasticity, and costs to make this determination. This analysis would help them make informed pricing decisions in the future.
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Complete Question:
Burger Town introduced a new hamburger and released it in two different cities at two different prices. Marketers of Burger Town then analyzed the sales records of their outlets in the two cities, determined the price that resulted in better profits, and used the information to set a nationwide price for their new offering. This is an example of _____.