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Brilliant_brown [7]
3 years ago
4

Kirk Co. manufactures mobile cellular equipment and develops a price for the product by using a variable cost concept. Kirk incu

rs variable costs of $1,900,000 in the production of 100,000 units. Fixed costs total $50,000. The company employs $4,725,000 of assets and wishes to earn a profit equal to a 10% rate of return on assets.
Business
1 answer:
Slav-nsk [51]3 years ago
8 0

Answer:

a. 27.5%

b. $24.22

Explanation:

a. For computing the markup percentage, first we have to determine the sales which is shown below:

Profit = Sales -  variable cost - fixed cost

$4,725,000 × 10% = Sales - $1,900,000 - $50,000

$472,500 = Sales - $1,950,000

So, sales = $2,422,500

Now the markup percentage is

= (Sales - variable cost) ÷ (Variable cost)

= ($2,422,500 - $1,900,000) ÷ ($1,900,000)

= 27.5%

b. Now the selling price is

= Sales ÷ number of units produced

= $2,422,500 ÷ 100,000

= $24.22

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Answer:

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Explanation:

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3 years ago
There is no difference between you driving your car on public streets and Ford selling a product that it knows will sometimes ex
Gwar [14]

Answer:

1) The statement is: True.

2) The correct answer is letter:  Cost-Benefit Analysis.

Explanation:

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3 years ago
About __________ of the world's population lives in the thirty-five low-income economies, where most people engage in agricultur
vichka [17]

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8 0
3 years ago
Business has been​ good! As a​ result, Benjamin has a total of​ $25,000 in bonus pay to distribute to his employees. One option
FinnZ [79.3K]

Answer:

The new data set, which involves the mean, median, mode increases or rise up to $2500.

Explanation:

Solution

Given that:

Assume that  M, L, N be the mean, median, mode of the old data set

Now

The number of employees is give as = (25000/2500)

= 10.

Suppose the salaries of 10 employees be Si,

where i = 1,2,3,4,5,6,7,8,9,10.

Then

M =∑^10 i =1 Si /10

Where

L is the number in the middle when the data is ordered from least to greatest

L = Sj,

Where j ∈ (1,2,3,4,5,6,7,8,9,10).

N = Sk j ∈ (1,2,3,4,5,6,7,8,9,10).

Thus

The salaries of 10 employees with bonus is Sj+2500, where j = 1,2,3,4,5,6,7,8,9,10

Now for the new data set we have the following stated below:

Mean = ∑^10 i =1 (Si + 2500)/10

= ∑^10 i= 1 Si/10 + 2500

= M +2500

Median = Sj+2500 = L+2500.

Mode = Sk+2500 = N+2500.

Hence the new data set, which involves the mean, median, mode increases or rise up to $2500.

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Note. This is a small piece of paper known as a sticky note pasted on julie's table.

3 0
4 years ago
Read 2 more answers
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