Answer:
$30.07
Explanation:
Rocky river company uses target pricing
The production volume is 602,000 units
The market price is $34 per unit
The total assets is $13,900,000
The desired operating income is 17% of the total assets
= 17/100 × 13,900,000
= 0.17×13,900,000
= 2,363,000
The first step is to calculate the sales value
= 602,000 ×34
= 20,468,000
The total cost can be calculated as follows
= Sales value-desired operating income
= 20,468,000-2,363,000
= 18,105,000
Therefore the target full product cost per unit can be calculated as follows
= Total cost/production volume
= 18,105,000/602,000
= $30.07
Hence the full target product cost per unit is $30.07
Answer:
a. 15
b. Since is a left tailed test the p value would be:
p_v =P(Z<-3.263)= 0.000551
Explanation:
a. 25% of 60 businesses surveyed=
25/100 x 60= 15
b. See attached image for solution
Answer:
A low asset turnover compared to the industry implies Net income is low relative to the investment in assets.
Explanation:
Asset turnover is the ratio of total sales or revenue to average assets. It is a measure used to gauge how effectively companies are using their assets to generate sales.
Higher turnover ratios mean the company is using its assets more efficiently. Lower ratios mean that the company isn't using its assets efficiently and most likely have management or production problems.
The asset turnover ratio measures the value of a company's sales or revenues relative to the value of its assets
If a company has a low asset turnover ratio, it indicates it is not efficiently using its assets to generate sales.
A: Effective use of logistics management techniques
