The selling price of each product sold in a furnishing showroom and the number of units of each of these products sold during a period of one month are given below. The rental cost of the showroom is $225, and the other costs incurred are included in the cost/unit.
Product code
Price/Unit($)
Cost/Unit($)
Units
AD12
232
162.40
12
FD23
334
233.80
24
BD34
342
239.40
5
AG56
267
186.90
11
ET76
345
241.50
15
FA56
235
164.50
23
DE78
546
382.20
34
BF32
245
171.50
22
Display your use of the SUMPRODUCT function and find the profitearned by the showroom in a month.
What will be an ideal response?
?
?
?
?
The profit earned is $14,769.30.
You might also like to view...
As a basis for measuring performance for a particular accounting period, the cash basis of accounting has three weaknesses. Briefly describe the three weaknesses
Job satisfaction questionnaires should always ______ to encourage employees to tell the truth.
A. use the faces scale B. be anonymous C. use the job satisfaction survey or a similar test D. be reviewed for bias
Your textbook lists three main positive attributes of bureaucracy as argued by Weber, which one of the following is NOT one of these?
a. In bureaucracy power and privilege is limited through rules b. In bureaucracy people have a right of appeal against the misapplication of rules c. In bureaucracy it is possible to do as little work as possible without it being discovered d. In bureaucracy no one is above the law and every office is accountable
Bypassing regular wholesale/retail channels in favor of direct sales and Internet retailing can have appeal if it
A. combines the best of all sales channels and provides financial support to distribution allies. B. creates a channel conflict, thereby providing competitive improvisation. C. can establish a retail frontal attack while efficiently managing its backward (defensive) sales orientation. D. can result in better coordination of the firm's direct sales activity to wholesalers and distributors. E. reinforces the brand, enhances consumer satisfaction, and results in lower prices to end users.