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1.7 The selling price of Product X is set at £250 for each unit and sales for next year are expected to be 500 units. A return of 30% on the investment of £150,000 in Product X will be required in next year. What is the target cost for each unit of Product X? Select one alternative: O £175 O £100 063 0 O £160

1.7 The selling price of Product X is set at £250 for each unit and sales for next year are expected to be 500 units. A return of 30% on the investment of £150,000 in Product X will be required in next year. What is the target cost for each unit of Product X? Select one alternative: O £175 O £100 063 0 O £160

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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1.7 The selling price of Product X is set at £250 for each unit and sales for next year are expected to be 500 units. A return of 30% on the investment of £150,000 in Product X will be required in next year. What is the target cost for each unit of Product X? Select one alternative: O £175 O £100 O £90 O £160
Transcribed Image Text:1.7 The selling price of Product X is set at £250 for each unit and sales for next year are expected to be 500 units. A return of 30% on the investment of £150,000 in Product X will be required in next year. What is the target cost for each unit of Product X? Select one alternative: O £175 O £100 O £90 O £160
1.8 What is the name given to a budget which has been prepared by building on a previous period's budgeted or actual figures? Select one alternative: O Functional budget O Flexible budget O Zero based budget O Incremental budget Maximum marks: 3
Transcribed Image Text:1.8 What is the name given to a budget which has been prepared by building on a previous period's budgeted or actual figures? Select one alternative: O Functional budget O Flexible budget O Zero based budget O Incremental budget Maximum marks: 3
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