Launch Company sells 2500 paddleboards per year at a sales price of $470 per unit. Launch sells in a highly competitive market and uses target pricing. The company has $800,000 of assets, and the shareholders wish to make a profit of 16% on assets. Variable cost is $190 per unit and cannot be reduced. Assume all products produced are sold. What are the target fixed costs?
A) $1,175,000
B) $1,047,000
C) $128,000
D) $572,000
D) $572,000
Business
You might also like to view...
Expenses are recorded when
A) cash is paid for services rendered B) a bill is received in advance of services rendered C) services are rendered D) none are correct
Business
According to the United States Supreme Court in Miranda v. Arizona, an individual must be apprised of certain of his or her rights
a. after any questioning. b. at any time during questioning. c. only in the absence of questioning. d. prior to any questioning.
Business
Moral pressure constitutes false imprisonment
Indicate whether the statement is true or false
Business
DRP is similar to ______.
a. a process map b. an assembly chart c. MRP d. Pareto analysis
Business