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
Svetach [21]
3 years ago
7

Rocky River Company is a pricetaker and uses target pricing. Refer to the following information:Production volume 602,000​ units

per yearMarket price $34​ per unitDesired operating income 17% of total assetsTotal assets $13,900,000​ ​What is the target full product cost per unit? (Round your answer to nearest cent.) Assume all units produced are sold.a. $34.00b. $30.07c. $5.78d. $28.22
Business
1 answer:
ladessa [460]3 years ago
7 0

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

You might be interested in
In determining basic earnings per share, dividends on nonconvertible cumulative preferred stock should be:a. deducted from net i
DiKsa [7]

Answer:

b. deducted from net income whether declared or not

Explanation:

The formula to compute the basic earning per share is shown below:

Basic earning per share = (Net income - preferred stock dividend) ÷ (weighted average of outstanding shares)

In the case of the non- convertible cumulative preferred stock, the dividend should be paid whether the business earns profit or loss. If the business does not earn any profit during a particular year, in that period the dividend amount is carried forward to next year.

So, the dividend arrears are to be paid to the cumulative preferred stock.

4 0
3 years ago
Fannie mae says lenders need to use appraisers who have ___________________ appraising manufactured homes.
Marysya12 [62]

Fannie mae says lenders need to use appraisers who have knowledge, experience, and data sources for appraising manufactured homes.

The term appraiser refers to that professional person who determines the market value of an asset generally in the real estate industry.

An appraiser should always act independently of the buying and selling parties in a transaction. The opinion given by them  about the real and fair value of an appraised asset must be unbiased in nature. It must be valued by using observations as well as relevant statistics or  facts, and the other information.

Depending upon the circumstances, the appraisers always presents their findings in a written as well as verbal appraisal.

To know more about the appraiser here:

brainly.com/question/14473044

#SPJ4

6 0
1 year ago
What is the most important source of money for new business start-ups? banks the small business administration personal resource
Schach [20]
The best and most correct answer among the choices provided by the question is the first choice, bank.

Bank would be recommended if you start a new business.
Hope my answer would be a great help for you.    If you have more questions feel free to ask here at Brainly.

6 0
3 years ago
In 2016, David Hay started his own business, Hays Gardening and Landscapes. David was previously an employer of another business
Vitek1552 [10]

Answer: B. Loss of earnings from employment

Explanation:

The opportunity cost of choosing a course of action is the returns that you would have earned from choosing the next best action.

David was employed and yet decided to quit that job and start a business. The next best thing he could have been doing was working which means that the opportunity cost was the returns from working which was his salary.

In deciding to open up his own businesses, he had to forego the opportunity costs which meant that he lost the earnings from that his employment.

5 0
2 years ago
A static budget is one that __________,a. Is based on the actual sales volume achieved during the period. b. Is developed for a
lara31 [8.8K]

Answer:

b. Is developed for a single level of expected output.

Explanation:

The static budget means the fixed budget i.e fixed in nature. The amount does not changed moreover there is no significant changes occurred in this type of budget. If there is any business fluctuations or any other kind of fluctuations it does not impact at all

In addition, it is developed for a single level of expected output i.e developed for a single activity by considering its expected outcome or results  

7 0
3 years ago
Other questions:
  • Cool Beans is a locally owned coffeeshop that competes with two large coffee chains, PlanetEuro and Frothies. Alicia, the owner,
    15·1 answer
  • Which sentences correctly describe the precautions you can take to protect your personal information as a consumer? Elizabeth li
    11·2 answers
  • If you are unhappy with your fitness evaluation results, __________.
    11·2 answers
  • On March 15, Viking Office Supply agrees to accept $1,200 in cash along with a $2,800, 60-day, 15 percent note from one of its c
    7·1 answer
  • Critically analyse the difference and the point of convergence between floor inspection and functional inspection
    7·1 answer
  • What is the repetition of patterns across a building design.
    10·1 answer
  • The period of delinquency allowed before a lender begins foreclosure proceedings is determined by statute. the secondary mortgag
    8·1 answer
  • Confirmations that are sent to select customers asking them to review the current balance due the client as shown on the client'
    14·1 answer
  • What is an example of a 'Sunk cost" ? *
    15·1 answer
  • You should indicate that you are available for an interview in which part of a cover letter?
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!