What is the sale price at kitchen hut

Assignment Help Financial Management
Reference no: EM13938037

On August 8, 2014, Leon’s Kitchen Hut bought a set of pots with a $136 list price from Lambert Manufacturing. Leon’s receives a 30% trade discount. Terms of the sale were 2/10, n/30. On August 14, Leon’s sent a check to Lambert for the pots. Leon’s expenses are 15% of the selling price. Leon’s must also make a profit of 15% of the selling price. A competitor marked down the same set of pots 34%. Assume Leon’s reduces its selling price by 22%.

What is the sale price at Kitchen Hut?

Reference no: EM13938037

Questions Cloud

What is project net present value if required rate of return : A project is expected to create operating cash flows of $29,500 a year for three years. The initial cost of the fixed assets is $61,000. These assets will be worthless at the end of the project. An additional $4,500 of net working capital will be req..
All-ireland football championship : Write a short paragraph explaining how Eigenvectors can be used to rank websites. 2. Devise a ranking system for an All-Ireland Football Championship where each of the team plays 8 games ( 4 from teams inside their own province) that produces 4 pr..
Maintain planar motion : Describe how the mechanism is designed in order to maintain planar motion.
Prepare the current liabilities and long-term debt portions : Prepare the current liabilities and long-term debt portions of Craig's balance sheet at December 31, 2008. Provide a separate line item for each issue, but some items may need to be split into more than one item.
What is the sale price at kitchen hut : On August 8, 2014, Leon’s Kitchen Hut bought a set of pots with a $136 list price from Lambert Manufacturing. Leon’s receives a 30% trade discount. Terms of the sale were 2/10, n/30. On August 14, Leon’s sent a check to Lambert for the pots. What is ..
Acting on both axis strain in both axis : A plate of uniform thickness 15 mm and 200mm by 300mm if subjected to a force of 450 KN in the x and y axis. Calcualte the stresses acting on both axis strain in both axis. Take Young's Modules to be 209GPa and Poisson's ration to be 0.3
What is the market value of the firm prior to the recap : An all equity business has 100million shares outstanding selling for $20 a share. Management believes that interest rates are unreasonably low and decides to execute a leveraged recapitalization. It will raise $1 billion in debt and repurchase 50 mil..
What is the time-complexity of the overloaded assignment : What is the time-complexity of the overloaded assignment operator
Prepare a scatter graph of loan processing cost : Estimate total profit in a month when 275 loans are processed. (Round to the nearest dollar.)

Reviews

Write a Review

Financial Management Questions & Answers

  Compounded dailty or borrowing money from bank

You have a choice of borrowing money from a finance company at 19 percent compounded dailty or borrowing money from a bank at 21 percent compounded semiannually. Which alternative is the most attractive? If you can borrow funds from a finance company..

  Was this an appropriate use of taxpayer money

General Motors (GM) declared bankruptcy in 2009 after years of declining sales. The federal government 'bailed out' GM, helping GM emerge from chapter 11 in a short time. Was this the only option available to GM? Was this an appropriate use of taxpay..

  Coupons payable semiannually is redeemable at maturity

A 9% bond with a 1,000 par values and coupons payable semiannually is redeemable at maturity for 1,100. At a purchase price P, the bond yields a nominal interest rate at 8%, compounded semiannually, and a present value of the redemption amount is 190..

  What were the dividends paid by the firm

The year-end 2010 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $3,000,000 and retained earnings at $5,300,000. The next year, retained earnings were listed at $5,600,000. The firm’s net income in 2011 was $1,090,000...

  Right to abandon is valuable option used to manage risk

The right to abandon is a valuable option used to manage risk. Where in business do you see the right to abandon? Decision trees force managers to conduct contingency planning, why is this important in measuring and managing risk?

  Either replace or refurbish the elevator system

You want to either replace or refurbish the elevator system in an office. Referbishing: Refurbishing the elevators will cost $55,000 and extend the life of the elevators another 20 years. Replacing the elevator system will cost $140,000, with an expe..

  Explain level of incremental sales is associated with pizza

Assume customers will spend the same amount on either version. What level of incremental sales is associated with introducing the new pizza?

  Communications is new firm in rapidly growing industry

Combined Communications is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 23 percent a year for the next 4 years and then decreasing the growth rate to 4 percent per year. The company just paid ..

  Advising is trading off risk and return

We are trying to get a sense of how an investor you are advising is trading off risk and return. After several long discussions you come to the conclusion that his level of risk aversion is somewhere between A=3 or 4. A) Draw the indifference curve i..

  Coupon bond with annual payments

Grand Adventure Properties offers a 9.5 percent coupon bond with annual payments. The yield to maturity is 10.9 percent and the maturity date is 11 years from today. What is the market price of this bond if the face value is $1,000?

  What rate of return per quarter are you being offered

Suppose an investment offers to triple your money in 30 months (don’t believe it). What rate of return per quarter are you being offered?

  Decision to stick with both types of grass

The company has 130,000 square yards of growing space available. In the past year, the company dedicated 65,000 square yards to fescue and 65,000 square yards to Bermuda grass. What is the opportunity cost of the president's decision to stick with bo..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd