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
Sergio039 [100]
3 years ago
13

Summit Products, Inc. is interested in producing and selling an improved widget. Market research indicates that customers would

be willing to pay $98 for such a widget and that 58,000 units could be sold each year at this price. The current cost to produce the widget is estimated to be $58.
Summit has learned that a competitor plans to introduce a similar widget at a price of $88. In response, Summit may reduce its selling price to $88. If Summit requires a 25% return on sales, what is the target cost for the new widget?

a. $88.00
b. $66.00
c. $22.00
d. $24.50
Business
1 answer:
ladessa [460]3 years ago
7 0

Answer:

b.$ 66

Explanation:

The question requires that Summit requires a return on sales of 25 %. To achieve that the cost of goods sold should be 75 %.

if the revised selling price is                                         $ 88

the target cost price would be ( $ 88 * 75 %)              % 66                

You might be interested in
What means can managers use to assess political risk? What do you think is the relative effectiveness of these different methods
icang [17]

Explanation:

Political business risks can negatively affect the profitability of a company or investment in a particular country or location, these risks are inherent in political crises that affect the economy of a location, so it is necessary for managers to assess political risk using analysis indices of risk, assessment systems, past results, country positioning and it is also essential that managers seek experts for better guidance on political risks.

Brazil, for example, is a country that despite attracting a lot of international investment through government incentives, is going through an internal political crisis that gives it greater instability and causes instability so that investors feel safe in investing in the country, due to the possibility of rapid change in the political scenario that can lead to negative economic changes and unforeseen events that mean negative risks for foreign investors.

8 0
3 years ago
To make students more competitive in the work force and for graduate school, college professors are beginning to lower the stand
Pavlova-9 [17]

Answer:

The correct answer is Grade inflation.

Explanation:

The inflation of grades is the term used to designate the distortion in the distribution of grading frequencies that the teacher or his group assigns to his students. It is characterized by an overabundance of high ratings. This situation may end up causing an unwanted effect, because students are shown as successful in the face of future jobs but in reality they do not demonstrate that training that details their qualifications.

5 0
3 years ago
What is the process of moving agricultural products from the source of production to the end consumer?
kupik [55]

Agricultural marketing covers the activity of getting the an agricultural product from the fom to consumers

6 0
3 years ago
A T-bill with face value $10,000 and 97 days to maturity is selling at a bank discount ask yield of 4.4%. a. What is the price o
Alex73 [517]

Answer: $9,881.44

Explanation:

Price of bill can be calculated with formula:

= Face value * ( 1 - (yield * days to maturity/days in year))

This are usually done using 360 days in a year not 365:

= 10,000 * ( 1 - (4.4% * 97/360))

= 10,000 * 0.9881444444

= $9,881.44

7 0
3 years ago
a bank account balance for an account with an initial deposit of P dollars earns interest at an annual rate of r. The amount of
Schach [20]

Answer:

If iincrease the value of r. The amount of money after n years  increase.

The bank pays you more interest

Explanation:

Simple interest is a quick and easy method of calculating the interest charge on a loan. Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments.

3 0
3 years ago
Other questions:
  • É uma estratégia competitiva que busca alcançar retornos máximos dos produtos que estão na fase de declínio do seu ciclo de vida
    7·1 answer
  • An insurance company purchases a perpetuity-due providing a geometric series of quarterly payments for a price of 100,000 based
    10·1 answer
  • A contract that is voidable
    9·1 answer
  • You are auditing Rodgers and Company. You are aware of a potential loss due to noncompliance with environmental regulations. Man
    8·1 answer
  • Suppose Happy Dog Soap Company is evaluating a proposed capital budgeting project (project Beta) that will require an initial in
    6·1 answer
  • Destin Company uses the weighted average method in its process costing system. The first processing department, the welding depa
    11·1 answer
  • A company hired you as a consultant to help them estimate its cost of capital. You have been provided with the following data: D
    14·1 answer
  • An ad on the newsnow web site asks viewers to "send us your story and we might share it with the world." ollie submits a manuscr
    7·2 answers
  • High operating leverage means: Select one: a. 1. The company has relatively low fixed costs. b. 2. The company has relatively hi
    10·1 answer
  • Net loss can be thought of as a __________ to the Capital account.<br><br> Debit<br> Credit
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!