1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tatyana61 [14]
2 years ago
14

To determine a product selling price based on the total cost method, management should include?

Business
1 answer:
Schach [20]2 years ago
8 0

If one wants to determine the selling price of a product using the total cost method, the management should use Total product costs plus a markup.

<h3>What is the total cost method?</h3>

The actual cost of performance is generally subtracted from the bid price before profit is added to the resultant sum in the total cost approach.

A production income statement is what the total cost method is. In other words, the units of measurement generated are utilized to accrue income and expenses. The units of measure produced during the reviewed period are used to calculate income and expenses.

When employing the whole cost method, the business accounts for all expenses associated with manufacturing the questioned well. The price of the entire product is included.

The final step is to add a markup to the overall cost in order to determine a selling price that will allow for the anticipated level of profit.

To learn more about the total cost method refer to:

brainly.com/question/6480601.

#SPJ4

You might be interested in
Nations will attract investment and its citizens will engage in productive activities when the institutions and policies of that
Varvara68 [4.7K]

Answer:

Explanation:

All of the above.

Companies will be attracted to nations that encourage market exchange and not restrict it, reward innovation, and protect people and property,

4 0
3 years ago
Hello? kingston? are you there?
sineoko [7]
Yes ma’am what can I do for you
5 0
3 years ago
Contemporary businesses have embraced leaner corporate hierarchies, simultaneously relying on teams, eliminating division walls,
alisha [4.7K]

Answers:

Option a: authentic.

Option A-E of the second question are all correct.they are the characteristics of Persuasion in this digital age.

Option a. All businesses are in the persuasion business

Option b. Persuasion is more complex and impersonal

Option c. Persuasive techniques are more subtle and misleading

Option d: Persuasive messages are slow to engage audiences

Option e. Persuasive messages are targeted to very specific audiences

Explanation:

In business, persuasion is the ability to influence others especially in decision making. Persuasive skills are essential at work as teams and managers leaves traditional command structure and focus instead on influencing others. An individual must be genuinely respectful and authentic that is they are people who are very intuitive and will know any effort to manipulate them. Using authority as a way to persuade does not generate respect. Instead of a blunt,commanding, pushy hard-sell approach, persuaders play on emotions by using flattery, empathy.

Persuasive techniques in the digital age are more subtle and misleading due to the fact that blunt, pushy hard-sell approach, persuaders play on emotions by using flattery, empathy, nonverbal cues, e. t. c which can be more subtle and misleading

5 0
3 years ago
You work in the marketing research department of Burger King. Burger King has developed a new cooking process that makes the ham
Bogdan [553]

Answer with its Explanation:

The first step is to diversify the sample size so that our sample includes every person from different cultures, geographic, religions, genders, etc., which would help in better assessment of the product's future in the market.

Second step is to set a sample size for receiving the feedback of the customers at required confidence interval that is Burger King's goal to achieve. For example, Burger King desires to achieve 93% customer satisfaction and the error rate would determined by using the confidence interval. This sample size would be calculated using the practical approach.

Third step is to ensuring that the errors in prediction are reasonably low by practical approach, confidence interval approach and diversified test samples. All this will help the company to ensure that they have accurate results in hand for decision making.

8 0
3 years ago
On January 1, Year 1, Burrows, Inc. received $8,900 and agreed to pay $10,000 on January 1, Year 3. The market rate of interest
Snezhnost [94]

Answer:

The correct journal entries should be:

January 1, Year 3

Dr Notes Payable account 10,000

Cr Cash account 10,000

Explanation:

Since Cash account is an asset, it should be credited when it decreases.

Since Notes Payable account is a liability, it should be debited when it decreases.

4 0
3 years ago
Other questions:
  • Choosing a differentiated targeting strategy has many​ benefits, but a potential downside is that​ __________.
    10·1 answer
  • Which of the following statements is FALSE? There is no need to evaluate mutual fund investments because investment companies hi
    12·2 answers
  • The labor-force participation rate tells us the fraction of the population that has chosen to participate in the labor market.
    6·1 answer
  • Bank runs:_______ a. will affect neither the money supply nor the money multiplier. b. are a problem because banks only hold a f
    8·1 answer
  • Administrative and political decision-making procedures and intuition have been associated with high performance in unstable env
    13·1 answer
  • A perfectly elastic demand function A. shows that a consumer is willing to pay any amount for the product. B. has a marginal rev
    9·1 answer
  • Lincoln has used a piece of land in her business for the past five years. The land qualifies as §1231 property. It is unclear wh
    14·1 answer
  • When early settlers needed to buy farming equipment and supplies, they often would use the milk, eggs, and crops their farms pro
    10·1 answer
  • A corporation, like a(n)_______, may file suit or _______, or may form a contract or breach a contract.
    9·1 answer
  • The types of companies that make particularly attractive acquisition targets would be:_______
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!