What do you mean by average selling price?
The term average selling price (ASP) refers to the price at which a certain class of good or service is typically sold. The average selling price is affected by the type of product and the product…
What kind of furniture does Drexel Furniture make?
They established themselves as a leader in multi-piece bedroom and dining sets. As their popularity grew—in 1966 Business Week ranked Drexel Furniture third among the top U.S. furniture manufacturers—the brand branched out into a range of styles that went beyond current trends.
Can a Drexel end table still be used?
Given that you can still find vintage and antique Drexel Heritage furniture from the 1940s and prior, there’s no question about the brand’s durability. To keep your Drexel Heritage end tables and Drexel Heritage dressers looking their best, be sure to wipe them down with a soft, dry cloth on occasion.
How is the average selling price ( ASP ) calculated?
In order to calculate the ASP, divide the total revenue earned from the product by the total number of units sold. This average selling price is usually reported during quarterly financial results and can be considered as accurate as possible given regulation on fraudulent reporting.
How much does it cost to go to Drexel University?
This net price includes housing and meal expenses. 100% of Drexel University students received grant aid in 2018/2019. The average total aid amount was $30,416. 26 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2018/2019 was $5,088.
How much did Drexel Furniture first sell for?
Their first product was a bedroom set consisting of a bed, bureau, and washstand suite that they sold for $14.50. By selling their pieces to agents ready to assemble upon arrival, they were able to cut down on transportation costs and undersell their Northern competition.
How to get a Pell Grant for Drexel University?
To apply for a Pell Grant to attend Drexel University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA). The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded.
Is the average selling price ( ASP ) declining or rising?
A rising ASP isn’t always a positive thing, and a declining ASP isn’t always a negative thing. For example, a company initially sells video game consoles at $400 per unit and sells 100,000 units in the first year. That is $40,000,000 in revenue. The next year they drop their average selling price to $300 per unit.
