Sharon is thinking about opening a bakery. she knows she wants to set her own hours, reduce her stress and make a profit. but she still has a lot to think through. which of the following would not be a good early step?

a) immediately finding a storefront property for her business, putting down a deposit, and signing a lease.
b) contacting a mentor who has experience in the restaurant industry.
c) creating an initial elevator pitch with her limited information and starting to ask around for advice.
d) beginning to estimate her target market for her business.
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Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.

Retail industry fundamentals credential exam, part 1 all answers

Special order carson manufacturing, inc., sells a single product for $36 per unit. at an operating level of 8,000 units, variable costs are $18 per unit and fixed costs $10 per unit. carson has been offered a price of $20 per unit on a special order of 2,000 units by big mart discount stores, which would use its own brand name on the item. if carson accepts the order, material cost will be $3 less per unit than for regular production. however, special stamping equipment costing $4,000 would be needed to process the order; the equipment would then be discarded. assuming that volume remains within the relevant range, prepare an analysis of differential revenue and costs to determine whether carson should accept the special order. use a negative sign with answer to only indicate an income loss from special order; otherwise do not use negative signs with your answers.