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]
4 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]4 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
Why are jellyfish so jellyish
Mandarinka [93]
Jellyfish have very simple bodies - they don't have bones, a brain or a heart. they consist of three basic layers. the outer layer, called the "epidermis," contains the nerve net. the middle layer is made of "mesoglea," the thick, elastic stuff that looks like jelly
6 0
3 years ago
Give examples of import export and entreport trade​
luda_lava [24]

Answer:

suppose import are carpet woolen clothes and tea leafs and enterport trade is the clothes were bring from Nepal and then it again sold to Thailand then it is the example .

8 0
4 years ago
Background:
ivann1987 [24]

Answer:

i want to see the answer to this question

3 0
3 years ago
Why are both non excludability and non rivalry important elements of public goods?
USPshnik [31]
Because all people ( the public ) can fully enjoy this good/service without competing for it.
7 0
4 years ago
In which situation would you need to compromise to avoid stress and conflict?
Marianna [84]
Add the selections so I can answer.

6 0
4 years ago
Other questions:
  • Define what the income statement reports by completing the following sentence: The income statement describes a company's Blank
    8·1 answer
  • The key to understanding the money creation process is the fact that:______.a. since the money supply excludes cash but includes
    15·2 answers
  • assume that you provide your services in a company as its HR representative you must create the code of conduct manual for the c
    7·1 answer
  • For a perfectly competitive industry with identical firms, the long-run industry supply curve is: perfectly elastic. horizontal.
    14·1 answer
  • Fixed costs included in this income statement are $2,000 for meal production and $400 for administrative costs. Maria has receiv
    9·1 answer
  • One disadvantage of an environment of low interest rates is that<br><br><br>​
    15·2 answers
  • Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000
    12·1 answer
  • Which will help you when you file a claim for home insurance?
    6·2 answers
  • Accountability within an organization allows managers to operate independently from the rest of the organization. flows downward
    11·1 answer
  • True or False When evaluating the choice you made you should never second guess your decision? Pls help
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!