Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 22, 2024

MBI Inc had sales 36 million for fiscal year 2016. Comp gross proffit ratio for that year was 24% gross profit = cost of goods

MBI Inc had sales 36 million for fiscal year 2016. Comp gross proffit ratio for that year was 24%

gross profit =

cost of goods sold=

Assume a new product will cost 456 mill to manufacture, Calculate the selling price new product gross profit ratio is to be the same for fiscal year

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

Accounting Principles Volume 1

Authors: Jerry A. Weygandt, Paul D. Kimmel, Donald E. Kieso

11th Edition

1118751752, 978-1118751756

More Books

Students also viewed these Accounting questions

Question

★★★★★

Chapter 20 describes a blotting method known as Northern blot¬ting, in which a short segment of cloned DNA is used as a probe to detect RNA that is transcribed from a particular gene. The DNA...

Answered: 1 week ago

Question

★★★★★

Mitsubishi to Close U.S. Auto Plant Mitsubishi Motors will close its production plant in Normal, Illinois. Dwindling sales in North America have brought a loss in the region of $200 million in the...

Answered: 1 week ago

Question

★★★★★

2. During the test: Remind students that the test is important (but not overly important). Encourage task focuspick out the main idea in the question, slow down, stay relaxed.

Answered: 1 week ago

Question

★★★★★

MGM Resorts International owns and operates hotels and casinos including the MGM Grand and the Bellagio in Las Vegas, Nevada. As of a recent year, MGM reported accounts receivable of $415,654,000 and...

Answered: 1 week ago

Question

★★★★★

MSI has been approached by a fourth-grade teacher from Portland about the possibility of creating a specially designed game that would be customized for her classroom and environment. The teacher...

Answered: 1 week ago

Question

★★★★★

Explain two theories of motivation that can drive individuals to improve their overall performance and its impact on the organization. Explain how motivation theory was (or could be) applied in the wo

Answered: 1 week ago

Question

★★★★★

1. What was the need of Zurich airport privatization? + recommendation( words of 500 to 600)* references required+ p lagiarism applied*

Answered: 1 week ago

Question

★★★★★

Z satellite's body is rotating with an angular velocity about z-axis the solar panels rotate with by angle about y-axis calculate the angular momentum of the satellite

Answered: 1 week ago

Question

★★★★★

Claims from a portfolio are believed to have a Pareto (a,A) distribution. In Year 0, a=6 and 2=1,000. An excess of loss reinsurance arrangement is in force, with a retention limit of 500. Inflation...

Answered: 1 week ago

Question

★★★★★

Part B: Three masses, x, y, and z, are to rotate in the same plane at the same angular velocity. Their masses and radii from the centre of rotation are: 9 kg at 400 mm radius, 10 kg at 350mm, and at...

Answered: 1 week ago

Question

★★★★★

Submit a case analysis a Public Sector Human Resource Management Issue. On hiring process challenges include the following: History and background of the Public Service Human Resource Management...

Answered: 1 week ago

Question

★★★★★

How might Ed use the informal network in his organization to learn the normative practices of the company and the meanings they have to others in the company?

Answered: 1 week ago

Question

★★★★★

Do you think the banquet is a ritual? Why or why not?

Answered: 1 week ago

Question

★★★★★

How can speakers enhance their credibility?

Answered: 1 week ago

Previous Question Next Question