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Firlakuza [10]
4 years ago
9

Laserspot is involved in producing and selling high-end golf equipment. The company has recently been involved in developing var

ious types of laser guns to measure yardages on the golf course. One small laser gun, called Little Laser, appears to have a very large potential market. Because of competition, Laserspot does not believe that it can charge more than $80 for Little Laser. At this price, Laserspot believes it can sell 100,000 of these laser guns. LittleLaser will require an investment of $7,500,000 to manufacture, and the company wants an ROI of 16%. Determine the target cost for one LittleLaser.
Business
1 answer:
Brums [2.3K]4 years ago
4 0

Answer: $68

Explanation:

We will answer this question in steps yeah.

Okay.

LittleLaser requires a return on investment of 16% right.

The Investment is $7.5 million.

Then let's find out what 16% of that is.

= 16% * $7.5 million

= $1,200,000

That means the company requires an ROI of $1.2 million.

They believe they can sell 100,000 units so let's see the ROI per unit.

= $1,200,000/100,000

= $12 per unit.

Now, they believe they can sell at no more than $80 but require a $12 profit/ ROI.

The Target cost should include the profit but not exceed $80. That would mean,

= 80 - 12

= $68

The target cost for one LittleLaser given the target ROI and sales price is $68

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When an account previously written off is later collected, two journal entries are required. The first journal entry is to _____
Crazy boy [7]

Answer:

reinstate, receipt

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.

6 0
3 years ago
Based on the position's responsibilities, why do you think you're a good fit for this position?*
Lyrx [107]
Assuming that i applied as an accountant in a company

I think i'm a good fit for this position because :

- I pay high attention in details,
- I'm exceptionally good with numbers
- I am a very structured and well organized person

All of those characteristic will became a huge asset for the position<span />
8 0
3 years ago
Chiptech, Inc., is an established computer chip firm with several profitable existing products as well as some promising new pro
zalisa [80]

Answer and Explanation:

The computation is shown below:

a) Growth rate = ROE × retention ratio

= 23% × (1 - .40)

= 13.80%

Value of stock = D1 ÷ (k - g)

= 0.84 × (1 + .1380) ÷ (.16 - .1380)

= $43.45

b) Revised growth rate after year 2 = 16% × .50

= 8%

Value at T2 = D3 ÷ (k - g)

D3 = Earnings × (1 + G1)^2 × (1 + G2) × Payout ratio

= 2.1 × (1+.1380)^2 × (1+.08) × .50

= 1.47

Value at T2 = 1.47 ÷ (.16 - .08)

= $18.38

Value at T0 = Value at T2 ÷ (1 + r)^n

= 18.38 ÷ (1 + .16)^2

= 13.66

3 0
3 years ago
Laney is a resident of Maine. Delacorte is a Canadian. They dispute the ownership of Petite Isle, an island in North Rapids Rive
Norma-Jean [14]

Answer:

a. federal jurisdiction

Explanation:

According to my research on different case jurisdictions, I can say that based on the information provided within the question the diversity of the parties’ citizenship could serve as a basis for federal jurisdiction. This can be said because the federal jurisdiction is handled by federal courts which usually handle cases in which the United States of America is one of the parties involved in the case, like in this situation.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
4 years ago
A business rule states "...the name of an employee of Bearcat Incorporated consists of the first name, middle initial, last name
abruzzese [7]

Answer:

composite

Explanation:

A composite attribute is the one which can be sub classified into various categories.

Here, in the given instance the "name" can be sub classified into various categories.

That is the first name, the middle name, the last name.

Here name is sub divided into categories.

Thus, the name can be attributed as a composite attribute, as it is not just a simple attribute.

5 0
4 years ago
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