Cheng builds replica miniature cabinets. His costs for each cabinet are $28 each. A consultant tells Cheng that the average margin in his industry is 49%. Cheng currently sells the cabinets for $42, but thinks he should consider using the industry average margin as his target goal.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Cheng builds replica miniature cabinets. His costs for each cabinet are $28 each. A consultant tells Cheng that the average margin in his ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Calculator Woodpecker Co. has $309,000 in accounts receivable on January 1. Budgeted sales for January are $839,000. Woodpecker Co. expects to sell 20% of its merchandise for cash.
Answers (1)
In the long run, monopolistically competitive firms A. make zero accounting profits. B. can make either positive economic profits or zero economic profits, and always make positive accounting profits. C. make positive economic profits. D.
Answers (1)
Thick fish steaks are also known as Viscera Fillets Fins Darnes
Answers (1)
Which of the following factors is critical in an effective training program? a. Analysis b. Improvements c. Assessment d. All of the above
Answers (1)
XYZ, Inc., makes consumer products such as shampoo, conditioner, deodorant, and toothpaste. Recently, market research conducted at a university revealed that consumer tastes have changed, and consumers now want their products to come in pastel
Answers (1)
New Questions in Business
The following was paid out of the Petty Cash account: $400 for Store Supplies $200 for Postage Expense After counting the cash that is left in Petty Cash, $560 is needed to replenish the Petty Cash back to the original balance.
Answers (1)
Middlefield Motors is evaluating project A, which would require the purchase of a piece of equipment for 393,000 dollars.
Answers (1)
Which is one of the earliest computer crimes to have been committed?
Answers (1)
Which of the following is an example of a good or service having the effects of a positive externality? A. Medical research. B. Education. C. A Big Mac. D. Pollution. E. Both a and b
Answers (1)
On January 1, 2016, Alpha Corporation had 300,000 shares of common stock outstanding with a par value of $3 per share. On March 31, Alpha Corporation declared a 10% stock dividend when the market value was $8 per share.
Answers (1)