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barxatty [35]
2 years ago
12

Flyer Company sells a product in a competitive marketplace. Market analysis indicates that its product would probably sell at $4

8 per unit. Flyer management desires a 12.5% profit margin on sales. Flyer’s current full cost for the product is $44 per unit. 26. The target cost of the company’s product is_____
(A) $44
(B) $42
(C) $43
(D) $40
Business
1 answer:
Marrrta [24]2 years ago
8 0

Answer:

Option (B) is correct.

Explanation:

Given that,

Selling price per unit = $48

Desired profit margin on sales = 12.5%

Flyer’s current full cost for the product = $44 per unit

Profit = Selling price × profit margin

         = $48 × 12.5%

         = $6

Target cost of unit = Selling price - Profit

                               = $48 - $6

                               = $42

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A given university has an average professor pay of $40,000 a year and an average administrator pay of $45,000 per year. If the r
harina [27]

Answer:

We can determinate there is 548 professors.

Explanation:

A professor is paid 40,000 while and administrator is paid 45,000

we know that the sum of wages is 40,415,000

and the proportion for professors is 4/3 so admin should be 3/4

We can now construct and equation system.

40,000p + 45,000a = 40,415,000\\where:\\p = professor\\a = administrators

We know plug the value of admin to professor and sove for p.

40,000p + 45,000 (\frac{3}{4}p) = 40,415,000

we multiply 45,000 by 3/4 and add it to the 40,000

45,000 x 3/4 = 33,750

40,000 + 33,750 = 73,750

<u>We now solve for p:</u>

p = \frac{40,415,000}{73,750}  = 548

There is 548 professors.

5 0
2 years ago
What are the three practices of oligopolies that concern the government the most?
tatyana61 [14]

Answer:

Cartels. Colluding. Price fixing.

Explanation:

  • Cartels are formed when a group of organizations from the same industry combine and decide jointly to keep the prices at higher levels in order to prevent competition
  • Colluding happens when organizations operate either unlawfully or secretly to gain advantage of the customer
  • As the name suggests, price fixing is when competing organization make the products unavailable below a fixed price

All the above three are keeping the customers at a disadvantage, hence is illegal and concerning to the govt. the most

6 0
2 years ago
Read 2 more answers
the fair value of Blossom is estimated to be $820,800. The carrying value of Blossom’s net identifiable assets, including the go
Greeley [361]

Answer:

Cullumber Company

Journal Entry:

Debit Loss on Goodwill Impairment $34,200

Credit Goodwill $34,200

To record the loss on goodwill impairment.

Explanation:

a) Data and Calculation:

Fair value = $820,800

Carrying value of net identifiable assets, including goodwill = $855,000

Goodwill impairment = $34,200 ($855,000 - $820,800)

b) Cullumber, which acquired Blossom is expected to check for the impairment of goodwill yearly.  The impairment occurs when the carrying value of the net identifiable assets of Blossom is more than the fair value of Blossom.  Generally Accepted Accounting Standards require the annual review of the fair value of goodwill to check for its impairment.  By the above entry, the goodwill will be reduced by $34,200 and a loss debited in Cullumber's accounts.

4 0
3 years ago
A waitress assumes a group of poorly dressed customers to be ungenerous tippers. She doesn’t pay much attention to them during t
Shtirlitz [24]

Answer:

The correct answer is a self-fulfilling prophecy.

Explanation:

Self-fulfilling prophecy in psychology is a perception bias through which we anticipate facts and their consequences before they occur and with overwhelming assurance. It is completely normal that when we live in any situation, we keep a record in our memory and serve as learning for the future. Throughout our lives we encounter situations that are similar to others that we have already lived and react to them based on that previous experience. Human beings build our reality based on experiences.

The problem comes when we make an anticipation or prediction of things without having any logical or realistic basis to reach a conclusion. How many times have we said that "In the end this will happen, you'll see"? And we do it without any real reason that leads us to be sure that it will be so. That's when we are getting carried away by what is called self-fulfilling prophecy or self-fulfilling prophecy.

5 0
3 years ago
Read 2 more answers
An account with a financial institution used to pay taxes and insurance is called _____
Otrada [13]

An account with a financial institution used to pay taxes and insurance is called An escrow account.

Answer is An escrow account

5 0
3 years ago
Read 2 more answers
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