Net sales = ?
50 percent (net sales) = $87,000 28.2 percent (net sales)
Net sales = ?
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Assume that you own a sandwich shop. In looking over last year’s income statement you see that the annual sales were $250,000 with a gross margin of 50 percent, or $125,000. The fixed operating expenses were $50,000: the variable operating expenses were 20 percent of sales, or $50,000: and your profit was $25,000, or 10 percent of sales.
In discussions with your spouse, you wonder if joining a franchise operation such as Subway or Blimpie would improve your results. Your research has determined that Subway requires a $37,500 licensing fee in addition to an 4-percent royalty on sales and a 4.2-percent advertising fee on sales. Blimpie, while requiring an $35,000 licensing fee, charges only a 6-percent royalty and a 4.5-percent advertising fee.
Assuming that you wanted to break-even, what amount of sales would you have to generate with each channel during the first year, since both your fixed and variable expenses would increase?
Remember the break-even point (BEP) is where gross margin equals total operating expenses: in equation form, this is:
Gross Margin =Fixed Operating Expenses Variable Operating Expenses
Thus, with Subway, fixed expenses would increase from $50,000 to $87,000 and your variable expenses would increase from 20 percent of sales to 28.2 percent (20 percent 4 percent 4.2 percent). Blimpie’s would increase fixed expenses by $35,000 and variable expenses by 10.5 percent.
A program to Add Binary numbers in Python
The output should not contain any leading zeros.
I need the full Python code, with Pseudocode and Algorithms and Flowcharts.
The Code will need to be fully annotated and explained.
I need 3 versions of this code i.e. the code in Python but 3 different ways/codes of solving the solution.
Conflicts with GAAP
Write a short essay (roughly 200 words) explaining how this can occur. In your essay explain how there are still conflicts of interest, even when firms are following the generally accepted accounting procedures (GAAP), between what management wants investors and creditors to see and the economic reality of transactions. (No Wikipedia References Please)
that we have two investors: Mike and Sheila. On 20th August the cash
I need a response to the below Statement: Southwest Airlines over the years experienced several changes, challenges and implemented strategic ways of managing the airlines for the best interest of the
Southwest Airlines, had one of the most profitable records during the early 1970s and even more, profits were recorded due to the unfortunate events of the September 11, 2001, terrorist attacks, Heskett (2013). Southwest Airlines strategically purchased Boeing 737 twin jumbo jets for $500,000 below the asking price from Boeing and thus Southwest became Boeing’s number one customer, Heskett (2013). Another strategic move was they provided customer-friendly service with a sense of humor, that other airlines were not providing. They lowered their airfares, hired top talent that would fit in the organization, employees who stood out were rewarded by having their names stenciled on the overhead compartment, Heskett (2013). In addition, their strategic planning kept employees happy and engaged by offering them stock shares and they created a unique “Culture Committee.” Its strategy further extended to the gates and offered a “10-minute turnaround” some things that other airlines could not compete with and employee turnover rates were low.
Some of their challenges were to keep rates low, but fair due to competing airlines such as JetBlue, Air Asia, and others were competing for low fairs and maximum profits. Another challenge they faced was that management had to sell one of their jets for a small profit, in order to survive the airline wars. After September 11, 2001, terrorist attacks their 10-minute gate turnaround strategy was no more longer an option, and passengers had to wait longer in-between flights, Heskett (2013).
Southwest Airlines experienced several downfalls and simultaneously profited from unfortunate events such as the terrorist attacks, which boosted profits but added extra security features which delayed passengers. Southwest Airlines is a large organization with over 58,000 “Warriors” serving 99 destinations, Benefits (2021). With such a large unionized number of employees, top management needs to find a balance on how to keep employees happy, unionized, provide fair treatment, and how changes in one department can affect another when conducting strategic planning. For an organization to succeed, the CEO must be actively involved in making the tough choices and trade-offs that define and support strategy, Daft (2013).
Benefits. (2021, March 5). Southwest. https://careers.southwestair.com/benefits
Daft, R. L. (2013). Management (11th ed.). Mason, OH: South-Western Cengage Learning. ISBN-13: 9781285068657
Heskett, J. L.,
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