If the current market price for selling a product is $11.00 per ton, and a company wishes to make a 14.5% profit, what is the target cost? a. $6.40 b. $8.00 c. $9.40 d. $1.60
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- ACCOUNTSuppose consumers will purchase q units of a product at a price of 100/q+7 dollars per unit. What is the minimum number of units that must be sold in order that sales revenue be greater than $9000?If cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select one: a. $2,600,000. b. $130,000. c. $ 520,000. d. $416,000.
- Bronco Truck Parts expects to sell the following number of units at the prices indicated under three different scenarios in the economy. The probability of each outcome is indicated. Outcome A B C Probability 0.20 0.20 0.60 Units 390 680 1,090 Total expected value Price $25 34 39 What is the expected value of the total sales projection?5. Expected Value SDA Company prepared the following probability distribution describing the relative likelihood of monthly sales volume levels and related profit (loss) for its lone product that sells for P 50 per unit: Sales volume Probability Profit (Loss) 10% (P 70,000) 20% 10,000 40% 60,000 20% 100,000 10% 140,000 5,000 12,000 18,000 24,000 30,000 REQUIRED: Using the expected value approach, A) How much is the budgeted sales for the month? B) What is the expected value of the monthly profit?REQUIRED Use the information given below to calculate each of the following independently: 3.1 Expected total Marginal Income and Net Profit/Loss 3.2 3.3 3.4 3.5 Margin of safety (as a percentage; expressed to two decimal places) Break-even quantity if the selling price drops by 10% Break-even value using the marginal income ratio, if the company spends an additional R435 200 on salaries Selling price per unit that will enable the company to achieve a net profit of R1 500 000 INFORMATION Slumber Limited manufactures beds. The following information was extracted from the budget for 2024: Expected production and sales (units) Selling price per bed Direct materials cost per bed Direct labour cost per bed Variable manufacturing overheads cost per bed Fixed manufacturing overheads cost Sales commission (as a percentage of the selling price) Fixed administrative and selling costs 1 200 R6 000 R1 700 R860 R320 R1 084 800 20% R720 000
- Assume in each case that the selling expenses are $9 per unit and that the normal profit is $6 per unit. Calculate the limits for each case. Then enter the amount that should be used for lower of cost or market. Selling Price Upper Limit Replacement Cost Lower Limit Cost LCM (a) $63 $ $44 $ $53 $ (b) 52 35 39 (c) 59 44 45 (d) 54 38 36assume that markup is based on selling price. calculate cost and selling price. dollar markup s $5.60 and percent on markup cost is 101.82%.A business determines selling price by adding a mark-up of 30% to cost. The profit earned on a product with a selling price of £390 will be: a) £300 b) £117 c) £210 d) £90