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sveta [45]
4 years ago
10

Fantabulous Products sells 2,100 kayaks per year at a price of $ 460 per unit. Fantabulous sells in a highly competitive market

and uses target pricing. The company has $990,000 of? assets, and the shareholders wish to make a profit of 16?% on assets. Assume all products produced are sold. What is the target full product? cost?
Mathematics
1 answer:
asambeis [7]4 years ago
7 0

Answer:

$807,600

Step-by-step explanation:

Data provided:

Number of products sold per year = 2,100

Per unit price of the product = $460

Company's assets = $990,000

Target profit percentage = 16%

The total sales for the year

= Number of products sold per year × Per unit price of the product

The total sales for the year = 2,100 × $460 = $966,000

Now,

the target net income = total sales × target profit percentage

or

the target net income = $990,000 × 0.16 = $158,400

Therefore,

the target full product cost = Total sales - target net income

or

the target full product cost = $966,000 - $158,400 = $807,600

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Find each f(c) using synthetic substitution. f(x) = –x7 + 4x6 – 4x5 – 6x4 – 3x3 – 6x2 – x – 2; c = –5
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Answer:

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Step-by-step explanation:

<u>Synthetic Substitution</u>

It's a method to find the value of a polynomial for a given value of x. The polynomial we want to evaluate is

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Now we set up an arrangement where we can place some operations

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The second row and a new third row will be filled by computing values as explained below.

The first value of the third row is the very same first coefficient (-1)

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     -1

The second value of the second row is the -5 times the first value of the third row: (-5)(-1)=5

Next value of the third row is the sum of the values above of it: 4+5=9

-1 4 -4 -6 -3 -6 -1 -2

-5  5

-1 9

Now we proceed the same with next values to get the full arrangement or synthetic substitution

-1 4 -4 -6 -3    -6  -1  -2

-5  5 -45 245 -1195 5990 -29920 149605

-1 9 -49 239 -1198 5984 -29921 149603

The very last value of the third row is the required substitution

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The formatted table can be seen in the image below

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