signmentMain.doinvokerassignments&takeAssignmentSessionl.ocator; assignment-take

Question

signmentMain.doinvokerassignments&takeAssignmentSessionl.ocator; assignment-take&inprogress; false eBook Video Calculator Calculating a Target Cost RU Listening manufactures cell phones and is developing a new model with feature (targeted at parents of teens) that prevents the phone dialing an owner defined list of phone numbers between the hours of midnight and 6:00 a.m. The new phone model has a target price of $350. Management requires a 10% profit on new product revenues. Required: If required, round to the nearest dollar 1. Calculate the amount of desired profit 2. Calculate the target cost Previous 8 8 9

Explanation / Answer

1. Desired profit = Revenue*10%

                        = 350*10%

Desired profit = 35 per unit

2. Target cost = Target revenue-desired profit

                     = (350-35)

Target cost = 315 per unit

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.