Your answer is incorrect. Try again. Concord Corporation has gathered the following information concerning one model of shoe: Variable manufacturing costs $36000 Variable selling and administrative costs $20000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1800000 ROI 40% Planned production and sales 4000 pairs What is the desired ROI per pair of shoes?
Your answer is incorrect. Try again. Concord Corporation has gathered the following information concerning one model of shoe: Variable manufacturing costs $36000 Variable selling and administrative costs $20000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1800000 ROI 40% Planned production and sales 4000 pairs What is the desired ROI per pair of shoes?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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| Your answer is incorrect. Try again. | |
Concord Corporation has gathered the following information concerning one model of shoe:
What is the desired ROI per pair of shoes?
| Variable |
$36000 |
| Variable selling and administrative costs | $20000 |
| Fixed manufacturing costs | $160000 |
| Fixed selling and administrative costs | $120000 |
| Investment | $1800000 |
| ROI | 40% |
| Planned production and sales | 4000 pairs |
What is the desired ROI per pair of shoes?
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