Answer: The answer to your question is C.
Answer:
$57.20
Explanation:
Total unit cost = $19 + $7 + $2 + $4 + $5 + $7 = $44
Target selling price = Total unit cost × (1 + Markup)
Since markup percentage is 30%, or 0.3, we therefore have:
Target selling price = $44 × (1 + 0.3) = $57.20
Therefore, the target selling price is $57.20.
Answer:
e. Increase by $4,500.
Explanation:
<u>Analysis of the effect of discontinuing Product Line C</u>
Income :
Rent Income $6,000
Savings : Fixed Costs - Avoidable $3,000
Total Income $9,000
Costs :
Opportunity Cost - Contribution Margin $4,500
Total Costs $4,500
Net Income (Loss) $4,500
therefore,
By discontinuing Product Line C, operating income for the company will likely Increase by $4,500
Answer:
A. hold money to transfer purchasing power into the future.
Explanation:
People use money as a store of value when they hold money to transfer purchasing power into the future.
Answer:
a. Profit margin = Income from operations / Sales
Profit margin = $73,745/$1,053,500
Profit margin = 0.07
Profit margin = 7%
b. Investment turnover = Sales/Invested assets
Investment turnover = $1,053,500/$245,000
Investment turnover = 4.3 times
c. Rate of return on investment = Profit margin * Investment turnover
Rate of return on investment = 7% * 4.3
Rate of return on investment = 30.10%
