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marin [14]
4 years ago
6

Concord Water is considering introducing a water filtration device for its 20-ounce water bottles. Market research indicates tha

t 1,000,000 units can be sold if the price is no more than $3. If Concord Water decides to produce the filters, it will need to invest $2,000,000 in new production equipment. Concord Water requires a minimum rate of return of 18% on all investments. Determine the target cost per unit for the filter.
Business
1 answer:
almond37 [142]4 years ago
8 0

Answer:

Target cost per unit= $2.64

Explanation:

The target cost is arrived at by subtracting the a desired profit margin from a competitive selling price.

The target cost per unit =

 ((selling price × qty) - (cost of capital(%) × initial cost))/No of units

=( (3× 1,000,000) - (18%×2,000,000) )/ 1,000,000

=  2.64  

Target cost per unit= $2.64

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Message encoding.

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3 years ago
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Answer:

$247,800‬

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Inventory December 31

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Add: Goods purchased FOB shipping point                $26,400

Add: Goods sold FOB Destination                               <u> $21,400</u>

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FOB Shipping Point - the purchaser gains title to the inventory at the shipping point, so when Pelzer shipped the goods, they belonged to Stallman.

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Hope This Helps!
:D
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