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Pachacha [2.7K]
3 years ago
12

Pinkin Inc. needs to determine a price for a new phone model. Pinkin desires a 25% markup on the total cost of the phone. Pinkin

expects to sell 30,000 phones. Additional information is as follows: Variable product cost per unit$75 Variable administrative cost per unit 50 Total fixed overhead 85,000 Total fixed administrative 65,000 Using the total cost method what price should Pinkin charge
Business
1 answer:
IgorLugansk [536]3 years ago
4 0

Answer:

See below

Explanation:

Total costs = Product costs + Administrative costs

= ($75 × 30,000) + $85,000 - ($50 × 30,000) + $65,000 = $3,900,000

Total cost per unit =Total cost / Units expected to be sold= $3,900,000 /30,000 = $130

Markup per unit = Total cost per unit × Markup percentage = $130.00 × 25% = $32.5

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EA12.
BaLLatris [955]

Answer:

$38,400

Explanation:

<em>1. Cash Purchases:</em>

The total purchases in the month of March is of $35,000.

It is given that 70% of Purchases are for cash.

Hence, 70% of $35,000 would be;

$39,000 x 0.70

$27,300

<em>2. Credit Purchases: </em>

Remaining Balance of Purchases from the month of February:

For the month of February Cash Purchases can be calculated as follows;

$37,000 x 0.70

$25,900

Remaining Balance to be paid in March for the month of February can be calculated as follows;

$37,000 - $25,900

$11,100

<em>3. CASH PAYMENT for PURCHASES in MARCH:</em>

Cash Purchases = $27,300

Credit Purchases = $11,100

Hence;

<em>Cash Payment for purchases in March = Cash Purchases + Credit Purchases </em>

Cash Payment for purchases in March = $27,300 + $11,100

Cash Payment for purchases in March = $38,400

7 0
3 years ago
What style of leadership is grounded in the exchange relationship between the leader and the follower
Annette [7]

Answer: Transactional leadership

Explanation:

Transactional leadership a style of leadership that grounded in the exchange relationship between the leader and the follower.

For transactional Leadership, promotion of compliance is done through both rewards and punishment.

7 0
3 years ago
In order to accept payments by credit card, online merchants typically must have a merchant account established with a bank or f
vivado [14]

Answer:

A. True

Explanation:

For accepting the payment by credit card or by debit card, the online merchant i.e online seller by whom the individual buys the products online.

The online merchant has an agreement with the merchant account and the bank or financial institution so that the individual can able to pay the amount through online mode to the online merchant and in the same time, the amount is deducted from the individual bank account after placing the order

7 0
3 years ago
In a Fox News Poll conducted in October 2011, 904 registered voters nationwide answered the following question: "Do you think il
fiasKO [112]

Answer:

The correct answer is Option B .

Explanation:

As per the data given in the question,

Eligible for legal citizenship = 63%

Error = 3%

Level of confidence = 95%

Here, the CI is 63% ± 3% , which means 60% to 66%  and this indicates that with 95% confidence, the true proportion lies between this interval  

This is shown by option B  

Hence, option B is correct answer

8 0
3 years ago
Employees at Brazil-based company Seneco are permitted to control their work hours, location, and even pay plans. Employees also
kogti [31]

Answer:

Empowered

Explanation:

In the given scenario employees in Seneco have the freedom of controlling their work hours, location, and even pay plans. Employees also participate in all organization decisions, including what businesses Senco should pursue.

This is a form of employee empowerment.

Employee empowerment is the act of giving an employee autonomy in decision making regarding their welfare and activities affecting the organisation.

Employees are more involved in decisions affecting their work. This fosters a sense of commitment to the business.

6 0
3 years ago
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