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Part 2 Communications Unlimited provides support services to its clients. This company expects to earn an annual return on the assets invested at a rate
Part 2 Communications Unlimited provides support services to its clients. This company expects to earn an annual return on the assets invested at a rate of: The company has the following amount invested in the business: 20% $8,000,000 The annual budgeted costs for next year are: Variable costs Fixed costs Support Services $600,000 1,900,000 The annual budgeted hours for next year are: Consulting services 60,000 hours Required: 1. Determine the Target profit for the company You must use cell references for all calculations. 2. Determine the markup on variable costs in percentage terms
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