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Colt1911 [192]
3 years ago
13

Columbus Inc. sells a high end hair dryer in a super competitive marketplace. As a result, market research and competitive press

ures influence the determination of their selling price. Their marketing department has done a comprehensive analysis and It looks like a price of $53 would be appropriate given the present business environment. The company has a goal of earning $26 on each unit. What is the target unit cost of each hair dryer? Enter your answers without dollar signs or commas.
Business
1 answer:
soldier1979 [14.2K]3 years ago
3 0

Answer:

The hair dryer cost cannot exceed 27 dollars per unit

Explanation:

the target cost will the one which achieve the target profit at the selling price of the market.

In this case we are given that selling price is $53 and we want to achieve a 26 dollar gain per unit therefore:

revenue - cost = profit

revneue - profit = cost

53 -26 = cost

cost = 27

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Explanation:

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2 years ago
An accountant agreed to perform a compilation of a company's financial statements under Statements of Standards for Accounting a
LekaFEV [45]

Answer: The following would the accountant do related to the compilation engagement: <u><em>Issue a compilation report even though review procedures were performed on the engagement.</em></u>

Under Statements of Standards for Accounting and Review Services (SSARS), the accountant decided to perform some analytical procedures.

<u><em>Therefore, the correct option is (d)</em></u>

5 0
3 years ago
The inverse relationship between price and quantity demanded can be graphically illustrated by ______. Multiple choice question.
Oliga [24]

The inverse relationship between price and quantity demanded can be graphically illustrated by <u>a downward sloping curve.</u> Therefore, Option D is the correct statement.

<u />

<h3>What is the relationship between price and quantity?</h3>

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The law of supply and demand is a keystone of present-day economics. According to this theory, the price of a good is inversely associated with the quantity offered.

This makes the experience for plenty of goods because the more high-priced it becomes, much fewer people could be capable of affording it and the demand will finally drop.

Therefore, The inverse relationship between price and quantity demanded can be graphically illustrated by <u>a downward sloping curve.</u> Option D is the correct statement.

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8 0
2 years ago
A bank must maintain an average daily balance at the Fed of $600. In the first 2 days of the maintenance period, they maintain a
Norma-Jean [14]

Answer:

Balance with Fed on last day to be $ 800

Explanation:

Computation of balance on last day of maintenance period

Balance maintained   $ 450 for 2 days                                 $   900

                                    $ 700 for 3 days                                 $ 2,100

                                    $  650 for 2 days                                $ 1,300                                    

                                    $ 450 for 3 days                                 $ 1,350

                                    $ 650 for 3 days                                 <u>$ 1.950</u>

Average of balances maintained

                                                    13 days                                $ 7,600

Average balance maintenance required for 13 + last day)

$ 600 * (13 + 1) 14 days                                                            $ 8,400

so the balance with the Fed on the last day has to be

$ 8,400 - $ 7,600                                                                 $ 800                                

4 0
3 years ago
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Westkost [7]

Voluntary organizations that survive on dues and small contributions from a mass membership often do best when the political climate is worst because citizens want to have faith in something.

SCVO defines voluntary organizations as non-profit pushed, non-statutory, self-sufficient and run through those who do no longer receives a commission for running the enterprise. a few voluntary companies are recognized through the Inland revenue as charities.

The purpose of voluntary organizations is to fulfil their challenge and work in the direction of the greater right in some precise manner, as opposed to to make a profit. This often method they prioritize things differently than a enterprise would do.

Examples of organizations within the voluntary quarter consist of: Charities: global imaginative and prescient, American pink pass, and YWCA. Foundations: David Suzuki Foundation, invoice and Melinda Gates basis. Social Welfare companies: Human Rights Watch, Environmental protection employer (EPA)

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6 0
1 year ago
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