[The following information applies to the questions displayed below.] UR Safe Systems installs home security systems. Two of its systems, the ICU 100 and the ICU 900, have these characteristics: Design Specifications Video cameras Video monitors Motion detectors Floodlights Alarms Wiring Installation art 1 (Algo) ICU 100 2 1 3 2 2 3 Current profit margin Profit margin Target cost 720 feet 1,120 feet 28 hour 16 hour The ICU 100 sells for $930 installed, and the ICU 900 sells for $1,640 installed. ICU 100 % % ICU 900 2 4 quired: What are the current gross profit margin percentages on both systems? UR Safe's management believes that it must drop the price on the ICU 100 to $870 and on the ICU 900 to $1,510 to remain mpetitive in the market. Recalculate gross profit margin percentages for both products at these price levels and then compute the get cost needed for each product to maintain the current gross profit margin percentages. 6 7 3 or all requirements, round your percentage answers to 2 decimal places (i.e. .1234 = 12.34%) and other answers to the nearest nole dollar amount.) ICU 900 Cost Data $ 117/ea $ 29/ea $ 21/ea $ 7/ea % % $ 14/ea $ 0.1/feet $ 12/hour

[The following information applies to the questions displayed below.] UR Safe Systems installs home security systems. Two of its systems, the ICU 100 and the ICU 900, have these characteristics: Design Specifications Video cameras Video monitors Motion detectors Floodlights Alarms Wiring Installation art 1 (Algo) ICU 100 2 1 3 2 2 3 Current profit margin Profit margin Target cost 720 feet 1,120 feet 28 hour 16 hour The ICU 100 sells for $930 installed, and the ICU 900 sells for $1,640 installed. ICU 100 % % ICU 900 2 4 quired: What are the current gross profit margin percentages on both systems? UR Safe's management believes that it must drop the price on the ICU 100 to $870 and on the ICU 900 to $1,510 to remain mpetitive in the market. Recalculate gross profit margin percentages for both products at these price levels and then compute the get cost needed for each product to maintain the current gross profit margin percentages. 6 7 3 or all requirements, round your percentage answers to 2 decimal places (i.e. .1234 = 12.34%) and other answers to the nearest nole dollar amount.) ICU 900 Cost Data $ 117/ea $ 29/ea $ 21/ea $ 7/ea % % $ 14/ea $ 0.1/feet $ 12/hour

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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