Business, 14.03.2020 05:15 genyjoannerubiera
Toyota Motor Corporation uses target costing. Assume that Toyota marketing personnel estimate that the competitive selling price for the Camry in the upcoming model year will need to be $27,000. Assume further that the Camry's total unit cost for the upcoming model year is estimated to be $22,500 and that Toyota requires a 20% profit margin on selling price (which is equivalent to a 25% markup on total cost).a. What price will Toyota establish for the Camry for the upcoming model year? $b. Since the estimated manufacturing cost the target cost, Toyota its total costs to maintain competitive pricing within its profit objectives.
Answers: 3
Business, 23.06.2019 11:10
Which of the following statements best reflects a price-taking firm? price-taking firms maximize profits by charging a price above marginal cost. the firm can sell only a limited amount of output at the market price before the market price will fall. if the firm were to charge more than the going price, it would sell none of its goods. the firm has an incentive to charge less than the market price to earn higher revenue.
Answers: 3
Business, 23.06.2019 13:00
What three important pieces of information can we learn by reading a production possibilities gragh?
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Business, 23.06.2019 18:00
Madalyn works in a career that involves patrolling a warehouse and monitoring the camera alarm system. robert works in a career that involves observing and arresting crime suspects. which career pathway matches each person? a. madalyn works in law enforcement services, and robert works in security and protective services. b. madalyn works in security and protective services, and robert works in corrections services. c. madalyn works in security and protective services, and robert works in law enforcement services. d. madalyn works in corrections services, and robert works in law enforcement services.
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Business, 24.06.2019 04:00
Enterprises can acquire the latest business apps and digital services as they are needed and without large upfront investments by switching from owning it resources to
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Toyota Motor Corporation uses target costing. Assume that Toyota marketing personnel estimate that t...
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