Get MC5079 Commercial Calculations Exercise Assignment Help
MC5079 Assessment 1: commercial calculations exercise (weighting 30%)
Instructions: Download this question sheet. Type your answers in the space provided and upload them to Turnitin by the deadline of 3 pm Wed 02 November. (Go to Weblearn, select module (MC5079), in the Assessment section select Online Submission, then select 001Commercial Calculations, and fill in details for Single File Upload. You are advised, but not required, to show calculations which will allow partial marks to be awarded
1a. What is the productivity of a retail space of dimensions 50ft x 60ft that sells £150,000 worth of stock? (5 marks)
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1b. If the sales figure of £150,000 featured in Q1a breaks down into £70,000 worth of shoes, £50,000 worth of bags and £30,000 worth of sunglasses, what areas would you allocate to each category to match their relative sales values in the same overall retail space (7 marks)
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1c. Suggest one possible pair of dimensions (ie length x breadth in whole feet) for a retail space that achieved a productivity rate of £50 per square foot when selling £75,000 worth of stock. (5 marks)
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1d. What value of the stock would a circular space of radius 3 feet need to sell to achieve a productivity rate of £50 per square foot? (for this calculation π = 3.1) (5 marks)
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2a. You start a jewelry-making business, renting a studio for £2,000 pcm and paying each of three employees £600 pcm. In the first month, you spend £2,800 on materials to make 300 necklaces. What is the minimum price you need to charge for each necklace in order to break even, assuming all items sell? (10 marks)
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2b. You sell these necklaces using a Cost Plus Pricing system with a + factor of 1.5. What is the retail price of a single necklace? (5 marks)
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2c. The following month you decide to charge £40 for each necklace. To the nearest whole number what %age mark-up on the break-even cost does this represent? (5 marks)
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2d. Of 300 items produced, 240 are purchased; what is the sell-through rate? (3 marks)
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2e. In order to dispose of the remaining necklaces you reduced the price from £40 to £16. What is the %age off-retail markdown on each item? (5 marks)
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2f. What is the overall %age markdown (calculated to one decimal place) on the total stock, assuming that all the remaining items are purchased at the sale price used in Q2e? (10 marks)
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2g. You start producing necklaces in a variety of colours. You notice that for every blue-bead necklace sold, three made using green-beads and six made using black beads are purchased. How many necklaces of each bead colour should you make assuming total number of items produced remains at 300? (5 marks)
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2h. You realise that you have not taken VAT (20%) into account when pricing your necklaces. What should you be charging for the £40 items? (5 marks)
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3a. A chain store with 40 outlets trade 45 weeks in the calendar year, selling a total of 180,000 items. What is the average rate of sale per store per week? (5 marks)
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3b. The value of stock held by one of the outlets is £68,000; the weekly predicted sales are £1700. How many week’s cover does this represent? (5 marks)
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3c. The items held in one outlet are available in a range of colours in the following quantities: 100 Red, 400 Green, 500 Blue, 800 White and 200 Black. What is the percentage of the total stock of each colour option? (10 marks)
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3d Based on the relative ratios between the five options featured in Q3c, how many items of each colour would make up a forward order of 80,000 pieces? (10 marks)
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