A new Italian restaurant called the Olive Grove is opening in a number of locations in the Memphis area. The marketing manager for these stores has a budget of $150,000 to use in advertising and promotions for the new stores. The manager can run magazine ads at a cost of $2,000 each that result in 250,000 exposures each. TV ads result in approximately 1,200,000 exposures each, but cost $12,000 each. The manager wants to run at least five TV ads and ten magazine ads, while maximizing the number of exposures generated by the advertising campaign. But the manager also wants to spend no more than $120,000 on magazine and TV advertising so that the remaining $30,000 could be used for other promotional purposes. However, the manager would spend more than $120,000 on advertising if it resulted in a substantial increase in advertising coverage. Formulate a GP model for this problem assuming the marketing manager has the following goals: Goal 1: Exposures should be maximized. Goal 2: No more than $120,000 should be spent on advertising. Implement your model in a spreadsheet and solve it. What is the solution you obtain

Kahn company's static budget was based on sales volume of 12,000 units. its flexible budget was based on sales volume of 14,000 units. based on this information multiple choice the sales volume variance is expected to be unfavorable. the materials cost volume variance is expected to be favorable. the labor cost volume variance is expected to be unfavorable. none of the answers is correct.

How supply and demand work together to reach the equilibrium price in the marketplace? give at least a paragraph. you!

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?