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Korvikt [17]
3 years ago
5

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

be willing to pay $90 for such a widget and that 50,000 units could be sold each year at this price. The current cost to produce the widget is estimated to be $65. Summit has learned that a competitor plans to introduce a similar widget at a price of $80. If Summit requires a 25% return on sales, what is the target cost for the new widget? Group of answer choices
Business
1 answer:
astra-53 [7]3 years ago
8 0

Answer:

$60

Explanation:

For computing the target cost, first we have to determine the profit per unit which is shown below:

= Selling price × return on sales percentage

= $80 × 25%

= $20

Now the target cost would be

= Selling price per unit - profit per unit

= $80 - $20

= $60

All other information which is given is not relevant. Hence, ignored it

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A subsistence economy is one that ________. A subsistence economy is one that ________. meets its needs without working for wage
BigorU [14]

Answer:

The options in the question are not well aligned,find below question with properly aligned options:

A subsistence economy is one that ________.

a. meets its needs without working for wages and purchasing necessities  

b. meets its needs by overfishing lakes and rivers

c. purchases resources for immediate use

d. meets is needs while causing ecosystem destruction

e. purchases goods and services from others

Hence the correct option is A,meets its needs without working for wages and purchasing necessities  

Explanation:

In a subsistence economy,every household provides for its own basic needs,without any need for specialization that leads to exchange.

Specialization is act of engaging in what one knows how to do best, that way efficiency and effectiveness are guaranteed, as every output would have been given a professional touch.

Exchange is the process by which individuals buys their needs from others using money earned from their own specialty as a medium of exchange

5 0
2 years ago
Justin is a sales executive at a manufacturing company. One of his clients who purchases products from him at a higher price tha
Dafna11 [192]

Answer:

The correct answer is option D.

Explanation:

An ethical dilemma can be defined as a situation in the decision-making process in which whatever decision is chosen some ethical principle is being compromised.  

Out of two moral choices, neither one is unambiguously preferable or acceptable. The situation becomes complex as choosing one alternative will lead to transgression of another.

6 0
3 years ago
How does international trade affect consumers
Semenov [28]
B:consumers have access to a greater variety of goods and services from other countries.
4 0
3 years ago
If one unit of Product Z2 used $1.70 of direct materials and $3.70 of direct labor, sold for $10.00, and was assigned overhead a
vagabundo [1.1K]

Answer:

The correct answer is B

Explanation:

The gross profit is computed as:

Gross Profit (GP) = Selling price - Expense

where

Selling price amounts to $10.00

Expenses involve DM (Direct Material), DL (Direct Labor) and Overhead

So,

DM amounts to $1.70

DL amounts to $3.70

And

Overhead = 22 % of direct labor

= 22% × $3.70

= $0.814

Putting the values above:

GP = $10.00 - ($1.70 + $3.70 + $0.814)

GP = $10.00 - $6.214

GP = $3.786 or $3.79

7 0
3 years ago
I believe this is business but idk but if anyone could help me with this that would be amazing
s2008m [1.1K]

The correct answer is a Car salesman

Explanation:

Event planners are professionals in planning and organizing events, which includes weddings, conferences, birthday parties, festivals, among others. Moreover, planning events involves multiple elements such as music, food, decoration, among others and this makes event planners be in contact with vendors (companies or people that sell specific products or services).

In this context, an event planner is likely to be in contact with musicians because music is an essential element in many events, caterers because food is quite common in events, and florists because flowers are often used as part of the decoration. However, it is not likely event planners are in contact with a car salesman because most events do not require buying cars and this is not a common element in events.

6 0
3 years ago
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