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larisa [96]
3 years ago
12

Magpie Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,0

00 units of its sole product. Magpie desires a profit equal to a 25% rate of return on invested assets of $700,000
Fixed factory overhead cost 38,700
fixed selling and administration costs 7,500
variable direct materials cost per unit 4.60
variable direct labor cost per unit 1.88
variable factory overhead cost per unit 1.13
variable selling and administration cost per unit 4.50

The dollar amount of desired profit from the production and sales of the company's product is?

The cost per unit for the production and sale of the company's product is?

Th markuP percentage on total cost for the company's producThe unit selling price for the company's product is?
Business
1 answer:
zvonat [6]3 years ago
4 0

Answer:

Explanation:

1) Desired profit = Invested asset * Rate of return = $700,000*25% = $175,000

2) x - selling price of the product

60,000x - 784,600 = 175,000

60,000x = $959,600

x = $16

Total product cost = Total fixed cost + Total variable cost = (38,700+7500) +

((4.60+1.88+1.33+4.50)*60,000) = 46,200 + 12.31*60,000 = 46,200+738,600 = $784,800

3)

Mark-up percentage = Desired profit/Total product cost = $175,000/$784,800 = 0.2229 = 22.29%

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Answer:

E) bait and switch

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BAIT AND SWITCH can be defined as a way in which a seller use advert of a low price to deceive and attract customers to their shop in which the products or item advert by seller is not available in order to sell similar or separate product to the customer at a higher price instead of selling the same product with a low price advertised by the seller.

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3 years ago
Which of the following are considered characteristics of money? I. Portable II. Uniform III. Divisible IV. Acceptable a. I and I
pogonyaev

All options are considered characteristics of money. So the right option is E

Explanation:

Money is characterised by durability portability, divisibility, uniformity, limited supply, and acceptability.

Two representations of alternative forms of money can be compared:

  • A cow In various points in history, cattle were used as currency.
  • A stack of US$ 20 bills equal to one cow's worth.

1) Durability: A cow is quite safe, but a long journey on the market threatens the cow being sick or dead and can seriously reduce its worth.

2) Portability: Although the cow is hard to move to the market, it can easily be put into my pocket.

3) Divisibility: A 20-dollar bill can be exchanged for other denominations, say a 10, a 5, four 1s, and 4 quarters. A cow, on the other hand, is not very divisible.

4) Uniformity: Cows come in various sizes and shapes, with a different value for each; cows are not very standardized.

5) Limited supply: Money must have a limited supply to sustain its worth. Although cows are quite limited in supply, if they are used as income, ranchers should make every effort to increase the supply of cows that decreases their value. The Federal Reserve controls the rule and thus the interest of 20-dollar notes— and the currency as a whole— so that the money keeps the value over time.

6) Acceptability: Although the worth of cows is intrinsic, some might not consider bovine animals as property. Men, however, are more than willing to accept bills worth 20 cents. In fact, your right to use US currencies to settle bills is protected by the US government.

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How do birthrates and death rates change as a country moves from a least developed or traditional economy to developing-nation s
oksian1 [2.3K]

As a country makes the transition from a least developed economy to developing nation status the Birthrates and Death Rates will increase. Birthrates will increase due to immigration. The healthcare services generally improves when a country develops more and becomes more industrialized. It helps improve the economy which in turn gives more people the opportunity to have more children and to lead healthier lives. So the birth rates go up. Death rates will go up too due to an increase in criminal activity.

7 0
3 years ago
In the long run, the competitive firm's supply curve is the a. entire marginal-cost curve. b. portion of the marginal-cost curve
Mars2501 [29]

The long run will see the supply curve of a completive firm changing to the b. portion of the marginal-cost curve that lies above the average-total-cost curve.

<h3>What is the long-run supply curve in a perfect competition?</h3>

In a perfect competition, a company will only produce goods and services at a level where the marginal cost curve is above the average total cost in the long run.

This means that the supply curve will be the marginal cost curve but only the portion of this curve that is above the long-run average total cost curve.

The reason for this is that in the long-run., all the costs in a perfectly competitive firm are considered variable and so they can afford to avoid supply mishaps in the short term.

In conclusion, option B is correct.

Find out more on the long-run supply curve at brainly.com/question/15869064

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6 0
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f the price of a slice of pizza rises from $2.50 to $3, and quantity demanded falls from 10,000 slices to 7,400 slices, calculat
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Answer:

arc price elasticity = -1.64

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arc price elasticity = (change in quantity x average price) / (change in price x average quantity)

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