Homework Answers
Answer :B = Revenue at market price minus desired profit.
>> Target cost = Selling price - Gross margin
Or
>> Target Cost = Market price - Desired profit.
>> Target cost provides the desired profit when market is determines the product price.
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Target total cost is described by which of the following
Target total cost is described by...
Which of the following identifies an estimated price customers are willing to pay and then computes...
Which of the following identifies an estimated price customers are willing to pay and then computes the cost to be achieved to earn the desired profit. A) Cost-plus pricing B) Target costing C) Kaizen costing D) Peak-load costing
33. In the figure above, a firm's total revenue and total cost curves are shown. Which...
33. In the figure above, a firm's total revenue and total cost curves are shown. Which one of the following statements is FALSE? a. Total profit is the vertical distance by which the total revenue curve exceeds the total cost curve. b. At output Q1, the firm makes zero economic profit. c. At an output above Q3, the firm suffers an economic loss. d. At output Q2, the firm suffers an economic loss. Price and cost (dollars per unit) 01...
. Target is a wholly owned subsidiary of MegaCorp Inc. MegaCorp supplies a number of services...
. Target is a wholly owned subsidiary of MegaCorp Inc. MegaCorp supplies a number of services to target. Target sells some of its products to other MegaCorp subsidiaries. Target also buys products from other MegaCorp subsidiaries that are used as inputs in producing Target’s products. Which of the following adjustments should the acquirer make to Target’s financial statements before valuing the firm? Deduct the actual cost of services required by Target that are being supplied by the parent without ...
A Fixed Price Incentive Fee (FPI) contract has a Target Cost of $130,000, a Target Profit...
A Fixed Price Incentive Fee (FPI) contract has a Target Cost of $130,000, a Target Profit of $15,000, a Target Price of $145,000, a Ceiling Price of $160,000 and a share ratio of 80/20. e.) How much profit does the seller make if the actual cost is $120,000? f.) What is the ROS? g.) How much profit does the seller make if the actual cost is $ 165,000? h.) How much profit does the seller make if the actual cost...
15. When marginal cost is less than average total cost, a. marginal cost must be falling....
15. When marginal cost is less than average total cost, a. marginal cost must be falling. b. average variable cost must be falling. c. average total cost is falling. d. average total cost is rising. 16. Which of the following is not a characteristic of a competitive market? a. Buyers and sellers are price takers. b. Each firm sells a virtually identical product. c. Entry is limited d. Each firm chooses an output level that maximizes profits. 17. If a...
3. Given the following information: Quantity Average Fixed Cost Average Variable Cost Average Total Cost Marginal...
3. Given the following information: Quantity Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 1 300 100 400 100 2 150 75 225 50 3 100 70 170 60 4 75 73 148 80 5 60 80 140 110 6 50 90 140 140 7 43 103 146 180 8 38 119 157 230 9 33 138 290 10 30 160 360 a) If market price is $140, then… 1. the firm will produce quantity ___________ 2....
Wheeler Company is a price – taker and uses a target - pricing approach. Refer to...
Wheeler Company is a price – taker and uses a target - pricing approach. Refer to the following information: Production volume Market price Desired operating income Total assets 600,000 units per year $32 per unit 16% of total assets $13,900,000 What is the desired profit for the year? O A. $96,000 O B. $2,224,000 O C. $5,300,000 OD. $19,200,000 Fuller Industries is considering replacing a machine that is presently used in its production process. Which of the following amounts represents...
3. Profit maximization using total cost and total revenue curves
3. Profit maximization using total cost and total revenue curves Suppose Kenji runs a small business that manufactures shirts. Assume that the market for shirts is a competitive market, and the market price is $25 per shirt. The following graph shows Kenji's total cost curve. Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for the first seven shirts that Kenju produces, including zero shirts. Calculate Kenj's marginal revenue and marginal cost for the...
Given a price elasticity of demand of minus−0.8, a decrease in price will A. reduce total...
Given a price elasticity of demand of minus−0.8, a decrease in price will A. reduce total revenue. B. decrease quantity. C. leave total revenue unchanged. D. increase total revenue. The total gains from trade within a price system is A. always equal to zero. B. the area beneath the market demand curve and above the market-clearing price plus the area above the market supply curve and beneath the market-clearing price. C. the area beneath the market demand curve and above...
number 17? idk it pls help o the change in total revenue. the market price price...
number 17? idk it pls help
o the change in total revenue. the market price price divided by quantity QUESTION 17 A firm in a perfectly competitive market maximizes profits when it finds the price at which total revenue minus total cost is the greatest the quantity at which total revenue minus total cost is the greatest. the quantity at which total revenue equals total cost. the quantity at which total revenue is maximized. QUESTION 18 When a firm is...
33. In the figure above, a firm's total revenue and total cost curves are shown. Which one of the following statements is FALSE? a. Total profit is the vertical distance by which the total revenue curve exceeds the total cost curve. b. At output Q1, the firm makes zero economic profit. c. At an output above Q3, the firm suffers an economic loss. d. At output Q2, the firm suffers an economic loss. Price and cost (dollars per unit) 01...
15. When marginal cost is less than average total cost, a. marginal cost must be falling. b. average variable cost must be falling. c. average total cost is falling. d. average total cost is rising. 16. Which of the following is not a characteristic of a competitive market? a. Buyers and sellers are price takers. b. Each firm sells a virtually identical product. c. Entry is limited d. Each firm chooses an output level that maximizes profits. 17. If a...
Wheeler Company is a price – taker and uses a target - pricing approach. Refer to the following information: Production volume Market price Desired operating income Total assets 600,000 units per year $32 per unit 16% of total assets $13,900,000 What is the desired profit for the year? O A. $96,000 O B. $2,224,000 O C. $5,300,000 OD. $19,200,000 Fuller Industries is considering replacing a machine that is presently used in its production process. Which of the following amounts represents...
number 17? idk it pls help
o the change in total revenue. the market price price divided by quantity QUESTION 17 A firm in a perfectly competitive market maximizes profits when it finds the price at which total revenue minus total cost is the greatest the quantity at which total revenue minus total cost is the greatest. the quantity at which total revenue equals total cost. the quantity at which total revenue is maximized. QUESTION 18 When a firm is...
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