Reference no: EM13226551
Golden Star Winery produces midlevel wines consumed primarily in North America. Given below is the projected income statement for the company for 2011.
Projected Income Statement (2011)
|
Sales (100,000 cases at $7 per case)
|
|
$700,000
|
Cost of goods sold:
|
|
|
Materials
|
$180,000
|
|
Labor
|
$225,000
|
|
Fixed manufacturing expenses
|
$45,000
|
|
|
|
|
Administrative and selling expenses:
|
|
|
Delivery
|
$30,000
|
|
Commissions
|
$50,000
|
|
Advertising
|
$10,000
|
|
Travel
|
$5,000
|
|
Fixed administrative and selling expenses
|
$15,000
|
|
Total expenses
|
|
$560,000
|
Net income before taxes
|
|
$140,000
|
Create a report answering the following questions:
• Complete the following table in a fully functional Microsoft Excel spreadsheet.
Price
|
Quantity
|
Total Revenue
|
Total Variable Cost
|
Total Fixed Cost
|
Total Cost
|
Profit
|
$8.00
|
65,000
|
|
|
|
|
|
$7.75
|
75,000
|
|
|
|
|
|
$7.50
|
80,000
|
|
|
|
|
|
$7.25
|
90,000
|
|
|
|
|
|
$7.00
|
100,000
|
|
|
|
|
|
$6.75
|
115,000
|
|
|
|
|
|
$6.50
|
120,000
|
|
|
|
|
|
• Using Excel, prepare a graph showing the breakeven point and any profit or loss at the current price of $7. Explain to the Golden Star management the implications of this analysis.
• What is the elasticity coefficient for each price between $6.50 and $7.50? Is the demand elastic or inelastic at these points? How can this information be useful to management in its pricing and output decisions?
• On the basis of your calculations and the information above, what recommendations would you make to Golden Star in terms of price and output levels?
Create your report in a 2- to 3-page Word document. Create Excel sheet and report. APA, and cite all references. Also Include an Abstract, introduction, and conclusion.
Completed the given table using a fully functional Excel spreadsheet.
Prepared a graph showing the breakeven point and any profit or loss at the current price of $7 and explained to the Golden Star management the implications of this analysis.
Determined the elasticity coefficient for each price between $6.50 and $7.50, explained whether the demand is elastic or inelastic at these points, explained how this information can be useful to management in its pricing and output decisions, and provided recommendations to Golden Star in terms of price and output levels.
Design an organizational entry and socialization program
: If you had to design an organizational entry and socialization program, what key activities and events would you suggest should be included in the program and what barriers might you face in creating, implementing, and maintaining the program? How..
|
Compute the edge length of the unit cell
: From this information and the atomic mass, calculate the edge length of the unit cell. Now assume that rubidium atoms are spheres. Each corner sphere of the unit cell touches the body centered sphere. Calculate the radius of a rubidium atom.
|
Find rates at which heat is absorbed from the hot reservoir
: The following heat engines produce power of 95,000 kW. Determine in each case the rates at which heat is absorbed from the hot reservoir and discarded to the cold reservoir. A Carnot engine operates between heat reservoirs at 750 K and 300 K.
|
Depict and discuss the mechanism of the diels-alder reaction
: Draw and discuss the mechanism of the Diels-Alder reaction (with arrows to show the electron movements). Draw the orientation of the reacting p-orbitals and indicate how they overlap to form product.
|
What is the elasticity coefficient for each price
: Prepare a graph showing the breakeven point and any profit or loss at the current price of $7. Explain to the Golden Star management the implications of this analysis and What is the elasticity coefficient for each price between $6.50 and $7.50? I..
|
Explain each of the five most prevalent revenue sources
: Thoroughly explain each of the five most prevalent revenue sources for a professional sport team. Which do you think is most important? Least important? Why do you think this way.
|
Explain how to implement the linear congruential algorithm
: Write a MATLAB script to implement the linear congruential algorithm to generate 5000 pseudo-random variates in the interval (0,1). Use the following parameters: seed=17; A=1103515245; M=2147483648; C=12345.
|
Explain a couple drops of phenophalein indicator
: a couple drops of phenophalein indicator and then was titrated with 8.1mL of NaOH until it turned pink. what is the concentration of NaOH?
|
Define the compound mgso4 is called epsom salts
: The compound MgSO4 is called Epsom salts. How many grams will you need to prepare a bath containing 5.80 moles of Epsom salts? Express your answer using three significant figures.
|