Problemif i want to target a 50 sell through and a 40 gm, Ask an Expert

Finance

Problem:

If I want to target a 50% sell through and a 40% GM with a retail sales target of $30,000, how much cost inventory do I need to buy into?

Cost from Retail

Cost = Retail x (1- GM%)

Gross Margin % (GM%)

GM % = (retail sales $ - cost sales $)/ retail sales $

Big brothers, inc. borrows $174,760 from the bank at 3.10 percent per year, compounded annually, to purchase new machinery. This loan is to be repaid in equal annual installments at the end of each year over the next 3 years. How much will each annual payment be?

Note: Please provide step by step solution.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91147618

Have any Question?Write your Review or question?

Related Questions in Basic Finance

When restating nonmonetary asset accounts the price index

When restating nonmonetary asset accounts, the price index at the current date represents the price index from which the conversion is made, and the price index at the time of acquisition represents the index to which th ...

Quality home made ice cream has plans to pay decreasing

Quality Home Made Ice Cream has plans to pay decreasing annual dividends of $1.50, $1.25, and $1.00 over the next three years, respectively. After that, the firm will increase the dividend by 4% each year. What is the va ...

Assignment - examining a companys working capital

Assignment - Examining a company's working capital needs Select a company that has inventory, accounts receivable and accounts payable on its balance sheet. Using the most recent annual financial statement for a company, ...

Questions -1 identify and discuss the four overarching

Questions - 1. Identify and discuss the four overarching questions that must be addressed in developing a viable business plan. 2. What factors might cause business specific risk to go down? 3. Review the table titled "W ...

You manage an equity fund with an expected risk premium of

You manage an equity fund with an expected risk premium of 13% and a standard deviation of 44%. The rate on Treasury bills is 6.6%. Your client chooses to invest $90,000 of her portfolio in your equity fund and $60,000 i ...

Does the agency problem only happen in the relationship

Does the agency problem only happen in the relationship between Employees and Stockholders? How about the relationship between clients and stars?

Company m uses the percentage of sales method of estimating

Company M uses the percentage of sales method of estimating bad debts. At the beginning of the current fiscal year, Company M's allowance for doubtful accounts had a credit balance of $3,000. During the current year, Com ...

Phillips owns 25 of mintor inc a private company in 2007

Phillips owns 25 % of Mintor, Inc. (a private company). In 2007, Mintor had sales of $22,00,000, had net income of $82,000 and Mintor paid $32,000 in dividends. If Phillips uses the Equity Income method, what did Phillip ...

Please show work ex formula etcyou are given the following

Please show work ex: formula, etc. You are given the following cash flow information. The appropriate discount rate is 6 percent for Years 1-4 and 7 percent for Years 5-10. Payments are received at the end of each year. ...

Cowcor copr makes yummy cheeseburgers and fries it has 16

COWCOR COPR makes yummy cheeseburgers and fries. It has $1.6 million in debt outstanding, equity valued at $2.3 million, and pays corporate income tac at a 39% rate. Its cost f equity is 13% and its cost of debt is 5%. A ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert