User Account

All Pages

Calculate the dollar amount of desired profit

Assignment Help Accounting Basics
Reference no: EM132180968

Question - Red Co. uses the product cost concept of applying the cost-plus approach to product pricing. Below is cost information for the production and sale of 40,000 units of its sole product. Red Co. desires a profit equal to a 15% rate of return on invested assets of $1,200,000.

The dollar amount of desired profit from the production and sale of the company's product is

a. $70,000

b. $60,000

c. $180,000

d. $140,000

Reference no: EM132180968

Questions Cloud

What functions does erp have that mrp does not have : What functions does ERP have that MRP does not have?
How soon will the fund be exhausted : The withdrawals will take place annually starting today. How soon will the fund be exhausted if Allen withdraws $30,000 each year
Discuss the critical priorities associated : Discuss the critical priorities associated with that organization growing by an M&A
Developing an effective strategic plan : Assess the main steps involved in developing an effective strategic plan. Discuss how the steps may differ for a health care organization compared to another.
Calculate the dollar amount of desired profit : Red Co. desires a profit equal to a 15% rate of return. The dollar amount of desired profit from the production and sale of the company's product is
How you expect to employ the knowledge gained in course : Choose one (1) concept learned in this course that you feel is most beneficial to health services administration. Explain your reasoning.
What is her allowable business expense deduction : She drove 75 miles each way to the job, paid $4 in tolls, $7 for parking and $9 for lunch. What is her allowable business expense deduction
Prepare an advertisement for the given position : Prepare an advertisement for that position that complies with federal law. This advertisement must be detailed. The minimum length of your job description.
Record the estimate of the uncollectible accounts : If net sales are $962,800, the amount of the adjusting entry to record the estimate of the uncollectible accounts is

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd