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The Cycle Shoppe has decided to offer credit to its customers during the spring selling season. Sales are expected to be 330 bicycles. The average cost to the shop of a bicycle is $300. The owner knows that only 93 percent of the customers will be able to make their payments. To identify the remaining 7 percent, she is considering subscribing to a credit agency. The initial charge for this service is $540, with an additional charge of $6 per individual report. What is the amount of the net savings from subscribing to the credit agency?
A. $3,790
B. $3,920
C. $4,080
D. $4,410
E. $4,950
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- Your answer is partially correct. Nash Taco Palace sells 320 gift cards at $60 per gift card and 160 of the gift cards are redeemed by year-end. Nash estimates that it will have 10% breakage on its gift cards. Prepare the entry for the gift card redemption and the expected breakage for the gift cards in the current year. (Ignore Cost of Goods Sold.) (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List oll debit entries before credit entries. Round intermediate calculations to 4 decimal places, eg. 0.2456 and final answers to 0 decimal places, eg. 5,125) Account Titles and Explanation Unearned Gift Card Revenue Sales Revenue Sales Revenue (Breakage) eTextbook and Media. Debit Credit 9600Marquette has an opportunity to sell its product through an online retailer. To begin selling through this online platform, they are required to ship 2,000 units to the retailers’ order fulfillment warehouse. The other condition of this offer is that they pay a one-time vendor marketing fee of $5,000. To get the units to the fulfillment warehouse by the deadline Marquette will need to pay for expedited shipping at a cost of $10 per unit. What is the minimum price Marquette should charge the retailer for this initial order of 2,000 units? (Show all supporting calculations). (NOTE: ignore taxes or other costs not specifically mentioned in the questions.)Connie Is a purchasing assistant for Sabre Manufacturing. She has received quotes from two different suppliers for a shipment of aluminum. Supplier Ns quote Is for $68,808.55 with payment due In 90 days Supplier B will offer the same product, but requires full payment In 15 days lien other terms are the same, below what price would Supplier B's quote need to be In order for to be selected If Sabre pays an Interest rate of 8.25% on Its One of credit with the bank, (Use 365 days a year. Round your answer to 2 decimal places.)
- The manager at the Uviewum Classic Cinema is concerned about the impact of the internet on movie attendance. They have hired you to determine the number of movie goers that must view the movie to break even on a film. Each film is played for one month at this theater. When a film is rented Uviewem must pay a $7,000 fee plus 5% of the ticket sales. The admissions price to the movie is $12.00 per person. The mall rents the space to the theater for $3,000 per month. The theater pays a manager/ticket taker $3,200 per month and the concessions workers are paid $ 1,800 per month. Assume that each moviegoer spends $7.00 on concession products and that the cost of the items consumed is $3.00. Compute the number of paying attendees (our internal control is excellent and there are no freebies) that must view the movie during the month in order to breakeven. a) List and total the fixed costs associated with showing a film at this theater? b) List and total the variable costs associated with each…Ayayai Taco Palace sells 240 gift cards at $40 per gift card and 120 of the gift cards are redeemed by year-end. Ayayai estimates that it will have 10% breakage on its gift cards. Prepare the entry for the gift card redemption and the expected breakage for the gift cards in the current year. (Ignore Cost of Goods Sold.) (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. Round intermediate calculations to 4 decimal places, e.g. 0.2456 and final answers to O decimal places, e.g. 5,125.) Account Titles and Explanation Unearned Gift Card Revenue Sales Revenue Sales Revenue (Breakage) Debit Credit 4800 960A vendor is running a promotion whereby a consumer who purchases three boxes of golf balls at P20 per box in a single transaction receives an offer for one free box of golf balls if the customer fills out a request form and mails it to the vendor before a set expiration date (a mail-in rebate). The vendor estimates, based on recent experience with similar promotions, that 80% of the customers will complete the mail-in rebate required to receive the free box of golf balls. How much of the transaction price is allocated to the mail-in rebate?
- TGL furniture house has approved your application for credit. The maximum payment they have approved is $130 a month for 60 months. The APR is 14.9%. How much furniture can you afford to purchase using the credit offered by the store? TGL furniture house has approved your application for credit. The maximum payment they have approved is $130 a month for 60 months. The APR is 14.9%. How much furniture can you afford to purchase using the credit offered by the store?A computer store sells two types of laptops, an all-purpose laptop and a gaming laptop. The supplier demands that at least 150 of these laptops be sold each month. Experience shows that most consumers prefer all-purpose laptops, but some younger consumers prefer gaming laptops. The result is that the number of all-purpose laptops sold is at least twice the number of gaming laptops sold. The store pays its sales staff a $52.86 commission for each all-purpose laptop sold and a $49.4 commission for each gaming laptop sold. How many of each type of laptop should be sold to minimize commission? What is that minimum monthly commission? All-purpose laptops: Gaming laptops: Commission (dollars): 000Flint Taco Palace sells 280 gift cards at $50 per gift card and 140 of the gift cards are redeemed by year-end. Flint estimates that it wi have 10% breakage on its gift cards. Prepare the entry for the gift card redemption and the expected breakage for the gift cards in the current year. (Ignore Cost of Goods Sold.) (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. Round intermediate calculations to 4 decimal places, eg. 0.2456 and final answers to 0 decimal places, e.g. 5,125.) Account Titles and Explanation Cash Unearned Gift Card Revenue Subscriptions Revenue. Debit 14000 Credit 7000 7000