1. The Hallmark shop chain buys 3400 boxes of holiday greeting cards directly from the manufacturer. The list price o the cards is $9.90 per box, there is a trade discount of 30/10/20, and a cash discount of 5/10-40x . The Hallmark Shop earns and receives both discounts. The cards were sold as follows: 1080 boxes at $7.90, 1250 boxes at $5.90, 660 boxes at $5.00, 230 boxes at $4.00 and the remaining boxes were unsaleable. To better manage greeting card sales next year, determine each of the following:
a) the net cost of the greeting card after trade and cash discounts
b) the total sales amount received from all the holiday greeting cards
c) The amount of net profit from the sales of the cards
d) The markup as a percentage
e) The equivalent percent of markup on cost to the nearest whole percentage
2. When can a yogurt business usually hit a break-even point? What assets will get started with yogurt business?