1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erica [24]
3 years ago
7

Shear-it, Inc., produces paper shredders. Shear-it is considering a new shredder design for home offices. The marketing vice pre

sident believes that a basic unit in a variety of attractive colors could be sold for $70. Shear-it requires that all new products yield 30% profit.
What is the target cost of the new shredder?

a) $21 b) $100 c) $91 d) $49 e) $63.70
Business
1 answer:
irina [24]3 years ago
6 0
I think the answer is A
Hope this helps:)!!!
You might be interested in
KING company wants to issue new 10-years bonds to finance some needed expansion. The company currently has an 8 percent coupon b
Gemiola [76]

Answer:

Coupon rate is 7.41%

Explanation:

Using the price formula , the yield to maturity can be calculated first of all:

Bond price=coupon interest /yield to maturity

Bond price is $1080

coupon interest is 8%*$1000=$80

$1080=$80/yield to maturity

$1080*yield to maturity=$80

yield to maturity=$80/$1080

                         =7.41%

However if the price of the bond becomes the par value, the coupon rate can be calculated thus:

$1000=coupon payment/7.41%

coupon payment =$1000*7.41%

coupon payment=$74.1

coupon rate=$74.1/100=7.41%

5 0
3 years ago
Read 2 more answers
After researching many different shoes, Chris narrows down his choice to these two. Which shoes are the best deal?
Ad libitum [116K]
The answer is b hope this helps!
5 0
3 years ago
The Federal funds rate <br> Real gross domestic product is best defined as
Lelechka [254]
The federal funds rate best defines real domestic gross product as the number reached by valuing all the productive activity within a country at a specific year's price.
6 0
3 years ago
You have won a game and can now choose between two options: option A: a gift of $10, guaranteed option B: a chance to keep playi
Delvig [45]

Answer:

$10

Explanation:

By choosing option B, you have a 0.001 chance of winning $8000, and a 0.999 chance of winning the $2 consolation prize. Therefore, the expected value of option B is given by:

E(B) = 0.001*\$8000+0.999*\$2\\E(B)=\$9.998

Rounding to the nearest cent, the expectation of option B is also $10.

5 0
3 years ago
Read 2 more answers
g A machine costing $58,944 with a 6-year life and $55,853 depreciable cost was purchased January 1. Compute the yearly deprecia
Solnce55 [7]

Answer:

$9,309

Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

DEPRECIABLE COST / USEFUL LIIFE

$55,853 / 6 = $9,309

7 0
3 years ago
Other questions:
  • Alden Trucking Company is replacing part of its fleet of trucks by purchasing them under a note agreement with Kenworthy on Janu
    10·1 answer
  • Making any misleading representations or incomplete or fraudulent comparison of any insurance policies or insurers for the purpo
    10·1 answer
  • Sue, a secretary goes to the storeroom to get a box of paper for her department. This is a task she's performed without problem
    10·1 answer
  • Holiday Corp. has two divisions, Quail and Marlin Quail produces a widget that Marlin could use in its production Quail's variab
    5·1 answer
  • On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. Marino planned to drive the truck for 100,000
    13·1 answer
  • When companies try to entice customers to make purchases by offering special incentives or excitement-building programs, includi
    11·1 answer
  • Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to
    15·2 answers
  • Lower of Cost or Market The accountant for Murphy Company prepared the following analysis of its inventory at year end: Item Uni
    13·1 answer
  • Jenin recently purchased 100 shares of Tarifi's Optical common stock for $6,000. The stock is expected to provide an annual cash
    12·1 answer
  • asset w has an expected return of 15.7 percent and a beta of 1.75. if the risk-free rate is 3.3 percent, what is the market risk
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!