Question
Goliath uses cost-plus pricing to set its target selling price. The markup on total unit cost is 30%. Goliath's expected investment is $10,080,000 and it
Goliath uses cost-plus pricing to set its target selling price. The markup on total unit cost is 30%. Goliath's expected investment is $10,080,000 and it desires a return on investment of 25%.
1) What is the total cost per unit? 2) What is the desired ROI per unit? 3) Compute the markup percentage cost. 4) What is the target selling price per unit?
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
