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oksian1 [2.3K]
4 years ago
14

Mesa Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer through its cata

log, which it issues monthly. Given market research, Mesa believes that it can charge $20 for the Slim Slicer. Prototypes of the Slim Slicer, however, are costing $22. By using cheaper materials and gaining efficiencies in mass production, Mesa believes it can reduce Slim Slicer's cost substantially. Mesa wishes to earn a return of 40% of the selling price. (a) Compute the target cost for the Slim Slicer. (Round answer to 2 decimal places, e.g. 10.50.)
Business
1 answer:
babunello [35]4 years ago
8 0

Answer:

Target Cost $12

Explanation:

<em />

<em>Target Sales Price                       20 </em>

<em>Gross Mark up 20 * 40%              (-8) </em>

Target Cost                              $12

To calculate the target cost is necessary to rest the gross mark up to the target sales price.

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Thornton, inc., had taxable income of $127,682 for the year. The company's marginal tax rate was 34% and its average tax rate wa
enot [183]

Answer:

Are you sure you copied the options correctly?

When you do the math, $127,682 x 0.237 = $30,261

the closest option is d. $30,471.

average tax rate = $30,471 / $127,682 = 23.86%,

Explanation:

the company's total tax liability = total taxable income x average tax rate

total amount of taxes paid = $127,682 x 23.7% = $30,260.63 ≈ $30,261

The formula used to calculate average tax rate = total taxes paid / total taxable revenue. To determine total taxes paid you just need to adjust this formula.

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3 years ago
Warshaw Company budgets payroll at $3300 per month plus a percentage of monthly sales. The June operating expenses budget includ
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Answer:

$691

Explanation:

As attached

6 0
3 years ago
Kylie wants to work with others to solve problems and make decisions. But, she is also able to assume individual responsibility.
Andreyy89

Answer:

True

Explanation:

This theory believes that an employee desires to be fully involved in the administration of an organization and is therefore committed to the course.

The employee will also want a reciprocated encouragement and motivation from the managers in terms of training opportunities and a safe working environment as they believe that the right support from the managers will boost their performance.

5 0
4 years ago
Read 2 more answers
What are some of the characteristics and skills most employers look for in recruits? Check all that apply.
dangina [55]

Answer:

receptiveness to feedback, ability to analyze research to find a solution , creative thinking

Explanation:

At the time of selecting a person for a company, the employee wants the employee has the following traits, skills, knowledge, ability, etc

1. The employee should have the ability in analyzing the research so that the solution could be find out

2. He should have the creative ideas that can brings the innovation in an organization that ultimately benefits the organization

3. He should have the skill to receive the feedback with regard to what work he has done

7 0
3 years ago
Classify the following as fixed or variable costs:
adelina 88 [10]

Answer:

Fixed cost: Interest on company-issued bonds, Real estate taxes, Executive salaries,  Insurance premiums,  Wage payments, Depreciation and obsolescence charges, Sales taxes, Rental payments on leased office machinery

Variable cost: Fuel, Shipping charges, Payments for raw materials,

Explanation:

Fixed costs are costs that are not changed regardless of quantity of goods being produced such as rent for equipment, taxes, depreciation and so on.

Variable costs are costs that change with regard to the quantity of goods being produced such as cost of raw materials, cost of packaging and so on.

Example of fixed and  variable costs are:

  1. Fixed cost: Interest on company-issued bonds, Real estate taxes, Executive salaries,  Insurance premiums,  Wage payments, Depreciation and obsolescence charges, Sales taxes, Rental payments on leased office machinery
  2. Variable cost: Fuel, Shipping charges, Payments for raw materials,
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3 years ago
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