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xxTIMURxx [149]
3 years ago
12

Sheffield Corp. wants to produce and sell a new lightweight radio. Desired profit per unit is $2.50. The expected unit sales pri

ce is $20 based on 12000 units. What is the total target cost?
Business
1 answer:
zepelin [54]3 years ago
5 0

Answer:

$210,000

Explanation:

The computation of the target cost is shown below:

= Expected units × (Selling price per unit - desired profit per unit)

where,

Expected unit is 12,000 units

Selling price per unit is $20

And, the desired profit per unit is $2.5

Now placing these values to the above formula

So, the total target cost is

= 12,000 units × ($20 - $2.5)

= 12,000 units × $17.5

= $210,000

We simply applied the above formula

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The answer is $26.44 per hour for double time hourly.
4 0
4 years ago
Young company is involved in a lawsuit. The liability which could arise as a result of this lawsuit should be recorded on the bo
MatroZZZ [7]

Answer:

Correct option is <u>Probable and the amount can be reasonably estimated. </u>

Explanation:

As per accounting standards on Contingent liabilities, any liability which is likely to be incurred and which can be estimated effectively and reliably, shall be recorded in the books.

If it is probable but cannot be estimated, then a journal entry may not be recorded, but a foot note may be made.

If contingent liability is only possible (but not probable) only a foot note is required.  

If contingent liability has remote possibility of occurrence, then neither an entry to record the liability nor a footnote is required.

5 0
3 years ago
To use _______ most effectively, a seller must have the flexibility to change prices often, rapidly, and aggressively in respons
Anuta_ua [19.1K]

Answer:

1. Marketing strategies

2. Marketing Strategies

Explanation:

Marketing strategies are simply a set of procedures or actions a company and/or a seller intends to undertake to sell a product or service to the end user, with a view to earning a profit. Marketing strategies understand that there are many goods chasing fewer buyers. Hence, the competition is often stiff. In a bid to gain a competitive advantage and an edge, a good marketing strategies is very critical to a business concern.

There are basically 4 elements of marketing:

- Price

- Promotion

- Product, and

- Place

Price is simply the amount the end user intends to pay for a product. It is an acknowledged fact through the study of consumer behavior that consumer will buy more of a go when the price is low, compared to when high. This is bearing that they both have same quality content. Thus, pricing is a critical element of marketing as its proper application is incidental to a firm gaining its competitive advantage. Hence, a seller must have the propensity to change price often, rapidly and aggressively in response to competitors' price changes.

Additionally, Proper pricing should not be viewed in isolation. Other elements of marketing are also critical to understanding appropriate marketing strategies. Making products stand out through requisite promotion strategies - advertisements, publicity, fairs and all, make pricing more competitive.

Also, a product with good and high quality easily wins the heart of a consumer than otherwise. Thus, to be competitive, a seller must come up with a product of good quality and rating. And when a consumer sees that there's value for money, he's inclined to paying more.

Strategically placing your product where it'll easily contact the prospective buyer goes a long way in being competitive and taking the advantage of the pricing decision.

7 0
4 years ago
Read 2 more answers
Solartech Corporation, a U.S. exporter, sold a solar heating station to a Japanese customer at a price of 143.5 million yen, whe
Ulleksa [173]

Answer:

$929,404.15 (approx)

Explanation:

The dollar amount actually earned by Solartech after exchanging yen for U.S. dollars :-

= Price ÷ One dollar bought

= 143,500,000  ÷ $154.40 yen

= 143,500,000 ÷ $154.40  yen

= $929,404.15 (approx)

Therefore for computing the dollar amount actually earned by Solartech after exchanging yen for U.S. dollars, we simply divide price by one dollar bought.

3 0
3 years ago
The mm theory with taxes implies that firms should issue maximum debt. In practice, this does not occur because?
jeka57 [31]

The MM Theory with taxes implies that firms should issue maximum debt. In practice, this is not true because Bankruptcy is a disadvantage to debt.

The Modigliani-Miller theorem states that a firm's capital structure does not affect its value. The theorem states that market value is determined by the present value of future earnings. This theorem has been influential since it was introduced in the 1950s.

Full market investors can borrow for the same cost as they lend and invest rationally. It is also implied that the process has no transaction costs.

The mm theorem states that a company's capital structure is not a factor in its value. The theorem states that market value is determined by the present value of future earnings. This theorem has been influential since it was introduced in the 1950s.

Learn more about  MM Theory  here

brainly.com/question/16016282

#SPJ4

7 0
2 years ago
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