Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 5 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 30 Oct 2017 My Price 7.00

Information Resources, Inc.

Information Resources, Inc. (IRI), collects data on consumer packaged goods at 32,000 scanner checkout counters and in panel surveys of 70,000 households. IRI records indicate that department store-brand pantyhose sell for a gross margin of 43 percent and a contribution margin of 29 percent, and the store inventory turns over 14 times per year.

a. What expenses explain the difference between 43 percent and 29 percent?

b. What percentage change in unit sales is required to increase total contributions if price is cut by 10 percent?

c. Compare store-brand pantyhose with the products in Table 11.1. Why should Whitman’s Sampler sell for a contribution margin of 54 percent when pantyhose sell for 29 percent?

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Oct 2017 07:10 PM My Price 7.00

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