Sports Car SUV
Selling Price
Quantity Sold
Revenue (Price x Quantity $0 $0
Unit Cost
Total Cost $0 $0
Profit/Loss (Revenue - Total Cost) $0 $0
Howl Motors is a car dealership located in Moore, OK. The marketing team is having internal discussions about how to price their two main types of selling automobiles, the new sports car and the new SUV. They are looking to set prices in a way that reflects the market, and also to understand which product is more profitable for the firm to help them decide how to allocate internal resources. Howl Motors buys sports cars at a cost of $22,500 each (the unit cost) and marks them up to sell at a profit. They buy their SUVs at $31,000, which they also mark up to sell at profit. Market research has shown that other dealerships in the region are selling the same sports car for as low as $25,000 and as high as $32,500. The same SUV is being sold in the region for anywhere between $37,000 and $44,999. Last year Howl Motors sold 2,200 sports cars and 1,700 SUVs, and they project unit sales to be the same this year. The owners at Howl Motors have indicated they prefer to price their cars and SUVs on the lower end of the pricing range, utilizing a volume-maximization strategy. Considering all of these factors, you need to provide an analysis on what Howl motors results will be at different price points. If both the sports car and the SUV are priced at the low end of the pricing range, which product will generate the highest total profit if unit sales are identical to last year? Sports car Neither, both will lose money SUV Their profit will be the same

What is the percentage change in price for a zero coupon bond if the yield changes from 6.56.5% to 5.55.5%? the bond has a face value of $1 comma 0001,000 and it matures in 1010 years. use the price determined from the first yield, 6.56.5%, as the base in the percentage calculation?

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?