Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 13, 2024

A company using cost-plus pricing has an ROI of 60%, total sales of 24000 units and a desired ROI per unit of $38. What

A company using cost-plus pricing has an ROI of 60%, total sales of 24000 units and a desired ROI per unit of $38. What was the amount of investment?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introductory Financial Accounting for Business

Authors: Thomas Edmonds, Christopher Edmonds

1st edition

1260299449, 978-1260299441

More Books

Students explore these related Accounting questions

Question

a. Fill in the missing numbers in the following income statement: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32. Sales Costs Depreciation...

Answered: 3 weeks ago

Question

General A is defending a territory which is accessible by two mountain passes against general B. A has three divisions at her disposal and B has two divisions. Each general allocates her divisions...

Answered: 3 weeks ago

Question

Read the following case thoroughly and answer the questions: QMS has invested Rs. 50 million in refurbishing an existing facility to manufacture the new product. One production begins; the company...

Answered: 3 weeks ago

Question

Starting on January 1, 2024, you put $125 every month into an account with an APR of 4.10%. Your last payment is on December 1, 2032. On January 1 of that year, the balance in the account, rounded to...

Answered: 3 weeks ago

Question

Discuss some forecasting issues that you encounter in your daily life. How do you make your forecasts?

Answered: 3 weeks ago

Question

Fermentation is a biochemical process in which a carbohydrate-such as the sugar glucose-is converted by bacteria or yeast to an organic compound-such as ethanol-and carbon dioxide. The process is...

Answered: 3 weeks ago

Question

97. Use the conditional variance formula to find the variance of a geometric random variable.

Answered: 3 weeks ago

Question

On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances: The $30,000 beginning balance of inventory consists of 300 units, each costing $100. During...

Answered: 3 weeks ago

Question

Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects o this risk class is 9 percent, and that the maximum allowable...

Answered: 3 weeks ago

Question

Identify the following users as either External users or Internal users. a. Customers b. Suppliers c. External auditors d. Business press e. Managers f. District attorney g. Shareholders h. Lenders...

Answered: 3 weeks ago

Question

Narrative of Transactions: Apr. 1. Paid the treasurer of the union the amount of union dues withheld from workers' earnings during March. 15. Payroll: $6,105. All wages and salaries taxable. Withheld...

Answered: 3 weeks ago

Question

Your firm-has A/P with credit terms of 1/15, net 30. What is the annualized cost of skipping the discount on day 15 and paying the full invoice amount on day 30? 24.6% 37.2% 18.6% 8.1%

Answered: 3 weeks ago

Question

total monthly production costs are 10,000 on a lot of 250 units. you sell each unit for $150. If all 250 units sell each month, how would you calculate your annual profit

Answered: 3 weeks ago

Question

One way to determine the trend of a data set is to find ______________________. Question 36 options: a) percentage of non-overlapping data b) the split middle line of progress c) percentage of...

Answered: 3 weeks ago

Question

The annual salaries for 5 randomly selected people: Diana: $154,500 Clark: $76,000 Lois: $119,350 Bruce: $2,350,000,000 Barry: $68,000 Which would be the best measure of central tendency for this...

Answered: 3 weeks ago

Question

Your clients expect a 10% return on investment for podcast and a 15% ROI for TV ads. How would you calculate the expected profit for a client who invests $5500 on a podcast ad and $10,000 for a TV ad

Answered: 3 weeks ago

Question

The Sendai Co., Ltd. of Japan has budgeted costs in its various departments as follows for the coming year: Factory Administration Custodial Services Personnel Maintenance Machining-overhead...

Answered: 3 weeks ago

Question

What is a lobbyist in US? How did this term emerge?

Answered: 3 weeks ago

Question

Cole Corporation issued $400,000, 7%, 20-year bonds on January 1, 2014, for $360,727. This price resulted in an effective-interest rate of 8% on the bonds. Interest is payable annually on January 1....

Answered: 3 weeks ago

Question

Imagine that the city where you were born loses its access to potable water, clean air, or uncontaminated soil. What would be the consequences for your country?

Answered: 3 weeks ago

Question

On August 1, 2014, Ortega Corporation issued $600,000, 7%, 10-year bonds at face value. Interest is payable annually on August 1. Ortegas year-end is December 31. Instructions Prepare journal entries...

Answered: 3 weeks ago

Previous Question Next Question