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
Mademuasel [1]
3 years ago
11

A company makes a product and has no way to determine which ones are faulty until an unhappy customer returns it. Three percent

of the products are faulty and will cost the company $200 each in customer service and repairs. If the company does not refund the customer when repairing the item, how much should the company charge to make a profit of $2.00 per item
Business
1 answer:
Tems11 [23]3 years ago
3 0

Answer:

$8.00 per item

Explanation:

A company makes product and its 3% of products are faulty. There is no other quality inspection test which can identify the faulty products during the manufacturing process. The faulty products are only identified when the customer arrives to return it. The faulty product costs the company $200 each and company wants to make profit of $2.00 per item. It should charge price of $8.00

The calculation is as follows,

let selling price is x

x - (0.03 * 200) = 2.00

after rearranging the equation we get;

x = 2 + 6

x = 8

You might be interested in
The company that Don owns, the Ardmore General Store, is a family-owned company that has been in business for more than 100 year
nadya68 [22]

Answer:

The answer is A. corporate social responsibility

Explanation:

Corporate Social Responsibility is a commitment by a business to behave ethically and contribute to economic development while improving the quality of life of its workforce and society as a whole.

5 0
3 years ago
Whats a good way to start a business
aniked [119]

Answer:

first find a business idea and make a plan (logo, name, what item ur selling..etc.)

8 0
3 years ago
You can have your cake or chose to eat it
Oksi-84 [34.3K]

Answer:

Exclude people from your property

4 0
2 years ago
Read 2 more answers
In a 1960s movie, an heiress sends out thousands of letters to shareholders in an attempt to have them vote for her and for the
Vitek1552 [10]

Answer:

The kind of corporate takeover technique implemented in the film is proxy fight.

Explanation:

A proxy fight is termed as a technique where two corporate factions ask the stakeholders for the proxy votes such that the right of voting is transferred.

In this case both the parties, the heiress as well as the opponent is asking for the right of vote from  stakeholders so that they can decide the corporate future. This is the key feature of the proxy fight and thus this is the correct option.

6 0
3 years ago
On July 1, 2021, Apache Company, a real estate developer, sold a parcel of land to a construction company for $3,000,000. The bo
atroni [7]

Answer:

Revenue 2021 = $3,000,000

Revenue 2022 = $0

Explanation:

Given that,

Sold a parcel of land to a construction company = $3,000,000

book value of the land on Apache’s books = $1,200,000

In this case, revenue is identified at a point when the parcel of land is transferred to the construction company.

Therefore, full revenue from the sale of land should be recognized in the year 2021 because the transfer of land occured in 2021 and there will be no revenue reflected in the year 2022.

Revenue 2021 = $3,000,000

Revenue 2022 = $0

4 0
3 years ago
Other questions:
  • What type of wholesaler operates mainly in bulk industries like lumber, coal, and it heavy equipment
    13·1 answer
  • If an investment of $45,000 is earning an interest rate of 8.50% compounded annually, it will take for this investment to grow t
    8·1 answer
  • If the prepaid rent account before adjustment at the end of the month has a debit balance of $2,800, representing a payment made
    5·1 answer
  • Caitlin Grasso is a salesperson in the kitchen and bath department at Morris Supplies, Inc. She is guaranteed a minimum salary o
    8·1 answer
  • Ace Products has a bond issue outstanding with 15 years remaining to maturity, a coupon rate of 7.4% with semiannual payments of
    11·1 answer
  • The Occupational Safety and Health Act (OSHA) mandated that first-aid kits be available in business establishments employing mor
    15·1 answer
  • Ridgeway Corporation uses direct labor hours to allocate overhead to Work-in-Process. The company's budgeted overhead is $420,00
    7·1 answer
  • An accurate description of privatization is that Multiple Choice it started in China in the early 1980s. it involves replacing a
    13·1 answer
  • At May 31, 2020, the accounts of Crane Company show the following.
    7·1 answer
  • A property is leased for $24,000 per year although market rents are currently $27,500 per year and are expected to increase by 2
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!