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
sashaice [31]
3 years ago
9

Cheng builds replica miniature cabinets. His costs for each cabinet are $28 each. A consultant tells Cheng that the average marg

in in his industry is 49%. Cheng currently sells the cabinets for $42, but thinks he should consider using the industry average margin as his target goal.
Business
1 answer:
Masteriza [31]3 years ago
5 0

Answer:

check the calculations below.

<em>You didn´t post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.</em>

Explanation:

a) current margin = Sale price - Cost

= $42 - $28 = $14 per unit

(b) Selling price if margin is 49%

= Cost / (1-0.49)

= 28 / 0.51

= $55

Profit = 55*49% = 227

(c) Price to consumer = Selling price / (1-0.1)

= 55/ 0.9

= $61.1

(d) Price to Consumer = Selling price from Chengg + Margin

= 61 + 10 = $71

You might be interested in
What is the primary characteristic that differentials a zero based budget from a conventional budget. A. A zero based budget doe
Oksana_A [137]

Answer:

B. The zero based budget requires managers to re-justify every planned expenditure every year.

Explanation:

A zero based budget is one that does not take into account historical data when it is considering the present year budget. Each departmental requirement is re-evaluated and a new amount is assigned as budget for the year.

However conventional budgets carryover the previous year's expenses as a base data point. This results in similar budgeting across years.

So the main difference between the two is that zero based budget requires managers to re-justify every planned expenditure every year.

8 0
3 years ago
Would giorno Giovanna be able to defeat jotaro kujo.....explain
Softa [21]

Answer:

None can beat Giorno but Jesus. Bc, he can prob use his powers to give himself the world over heaven. Giorno Giovanna of both the Brando and Joestar bloodlines is the protagonist of part 5 of Jojo's Bizarre Adventure, entitled Golden Wind. Jotaro Kujo may be the most popular JoJo to come out of JoJo's Bizarre Adventure, but he's hardly the strongest. That honor belongs to none other than Giorno Giovanna, the protagonist of Part 5 Vento Aureo, otherwise known as Golden Wind.

Explanation:

6 0
3 years ago
Read 2 more answers
A community college might grant all of the following degress except
klio [65]
I would say a technical program certificate, i hope i helped, have an amazing day :)
3 0
3 years ago
Read 2 more answers
The overall learning goals for an educational program like the one you’re taking are called _______.
Gennadij [26K]
B. Objectives. Grades are a result of the course
6 0
3 years ago
Which skill did longest add to katz’s foundational skills?
jarptica [38.1K]
Political skill is longest add to katz’s foundational skills other than human, technical, conceptual and diagnostics. Political skill is management skill intended to gain the power essential to achieve objectives and to inhibit others from taking power. Political skill is applied for self-interest and for the benefit of the organization.
6 0
2 years ago
Other questions:
  • Which nims management characteristic refers to the personal request it through appropriate authorities and established resource
    15·1 answer
  • Which of the following statements is/are true regarding a simulation model? It makes decision-making easier. It explicitly incor
    11·1 answer
  • Robert owns an apparel manufacturing company. He is about to attend a trade exhibition at which he plans to develop new business
    8·1 answer
  • Which of the following types of investment
    7·1 answer
  • ABC is a Medicare Advantage (MA) plan sponsor. It would like to use its enrollees’ information to market non-health related prod
    14·2 answers
  • On December 15, 2018, Rigsby Sales Co. sold a tract of land that cost $3,200,000 for $5,000,000. Rigsby appropriately uses the i
    9·1 answer
  • Which of the following is not a factor in determining whether an agent is a servant or independent contractor? level of supervis
    5·1 answer
  • Why does a business cycle diagram serve as a forecasting model​
    6·1 answer
  • Which of the following is recorded in a country’s balance of payments accounts?
    7·1 answer
  • In capitalism what is pure competition?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!