Question
Potter Products has produced an electric coffee pot to complement its range of kitchen products. The new coffee pot can be sold at a target
Potter Products has produced an electric coffee pot to complement its range of kitchen products. The new coffee pot can be sold at a target price of $46, and annual target sales volume for the coffee pot is 250 000. Potter has target operating profit of 20% of sales. What are the target sales revenues?
a.$12 000 000
b.$1 200 000
c.$1 150 000
d.$11 500 000
Which of the following is not a value engineering method of reducing costs?
a.Redesigning alternative options over and over until the wishes of all cross-functional team members are accommodated
b.Simplifying the design and thereby decreasing the number of component parts
c.Building efficiencies into value-added costs
d.Reducing the number of features offered
Without ________________ quality measures, quality problems might not be identified until it is too late.
a.balanced
b.financial
c.non-financial
d.throughput
Inventory carrying costs are the __________________ costs of investment tied up in inventory.
a.prevention
b.opportunity
c.external failure
d.internal failure
The Echuca Electrical Corporation reported the following information for its Coaxial Cables Division:Revenues: $1 000 000; Operating costs: $600 000; Taxable income: $200 000; Operating assets: $500 000. Profit is defined as operating profit. What is the Coaxial Cables Division's investment turnover ratio?
Select one:
a.2.50
b.0.80
c.3.33
d.2.00
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