Walks Softly,Inc

question 52

Multiple Choice

Walks Softly,Inc. sells customized shoes. Currently,it sells 10,000 pairs of shoes annually at an average price of $68 a pair. It is considering adding a lower-priced line of shoes which sell for $49 a pair. Walks Softly estimates it can sell 5,000 pairs of the lower-priced shoes but will sell 1,000 less pairs of the higher-priced shoes by doing so. What is the amount of the sales that should be used when evaluating the addition of the lower-priced shoes?

• A) $177,000
• B) $245,000
• C) $313,000
• D) $789,000
• E) $857,000

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Definitions:

Learning Style

An individual's preferred or most effective approach to acquiring new information or skills.

Right-Brain Dominant

A characteristic of individuals who are thought to have a brain function that favors creativity, emotion, and intuitive thinking — concepts that are part of the popular but scientifically disputed right-brain/left-brain theory.

Cornell System

A method of note-taking that involves dividing the paper into three sections: a narrow margin to the left for key ideas or questions, a larger right-hand space for notes, and a summary section at the bottom.

Mind Map

A visual diagram used to organize information hierarchically, showing relationships among pieces of the whole.