The willowick ice cream shoppe sold 8,700 servings of ice cream during june for $3 presenting. the shop purchases the ice cream in large tubs from the deluxe ice cream company . each tub costs the shop $12 and has enough ice cream to fill 30 ice cream cones . the shop purchases the ice cream cones for $0.25 each from a local warehouse club . located in an outdoor mall, the rent for the shop space is $1,600 per month . the shop expenses $200 a month for the depreciation of the shop's furniture and equipment . during june, the shop incurred an additional $2,600 of other operating expenses (75% of these were fixed costs).

20. sinclair company's single product has a selling price of $25 per unit. last year the company reported a profit of $20,000 and variable expenses totaling $180,000. the product has a 40% contribution margin ratio. because of competition, sinclair company will be forced in the current year to reduce its selling price by $2 per unit. how many units must be sold in the current year to earn the same profit as was earned last year? a. 15,000 units b. 12,000 units c. 16,500 units d. 12,960 units

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product