Swifty Corporation has gathered the following information concerning model of shoe: Variable manufacturing costs $40000 Variable...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Swifty Corporation has gathered the following information concerning model of shoe: Variable manufacturing costs $40000 Variable selling and administrative costs $20000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1800000 ROI 20% Planned production and sales 5000 pairs What is the desired ROI per pair of shoes? $68 $72 $178 O $140 Waterway Industries has gathered the following information concerning o model of shoe: Variable manufacturing costs $35000 Variable selling and administrative costs $15000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1700000 ROI 30% Planned production and sales 6000 pairs What is the target selling price per pair of shoes? $93 $118 $132 $140 Click if you would like to Show Work for this question: Open Show Work Swifty Corporation has gathered the following information concerning model of shoe: Variable manufacturing costs $40000 Variable selling and administrative costs $20000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1800000 ROI 20% Planned production and sales 5000 pairs What is the desired ROI per pair of shoes? $68 $72 $178 O $140 Waterway Industries has gathered the following information concerning o model of shoe: Variable manufacturing costs $35000 Variable selling and administrative costs $15000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1700000 ROI 30% Planned production and sales 6000 pairs What is the target selling price per pair of shoes? $93 $118 $132 $140 Click if you would like to Show Work for this question: Open Show Work
Expert Answer:
Related Book For
Financial Accounting
ISBN: 978-1259103285
5th Canadian edition
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M
Posted Date:
Students also viewed these accounting questions
-
The Rust Corporation has gathered the following information for activities during 2010: Credit sales ......................................................................................... $...
-
The Minton Company has gathered the following information for a unit of its most popular product: Direct materials ................................................... $12 Direct labor...
-
You are given the following information concerning a stock denoted by St (1) Current value =102. (2) Annual volatility = 30%. (3) You are also given the spot rate r = 50%, which is known to constant...
-
The following were selected from among the transactions completed during the current year by Danix Co., an appliance wholesale company: Jan. 21. Sold merchandise on account to Black Tie Co., $28,000....
-
Approximately how many years would it take for an investment to grow by sevenfold if it were invested at 10 percent compounded semiannually?
-
Could the autonomy and empowerment given to the crew result in political factions and conflict in a Trader Joes store?
-
How might a government forecast or a forecast from a trade association be of specific use to a medium-sized company?
-
The Singapore division of a Canadian telecommunications company uses standard costing for its machine-paced production of telephone equipment. Data regarding production during June are as follows:...
-
Patricia McDonald has determined that the value of her liquidassets is $4,200, the value of her real estate is $134,000, thevalue of her personal possessions is $55,000, and the value of...
-
Extend Example 20.3 to calculate CVA when default can happen in the middle of each month. Assume that the default probability during the first year is 0.001667 per month and the default probability...
-
Use any method to find the relative extrema of the function x+7 = x- 2 If there is no relative maximum or minimum, indicate that using the check box. NOTE: Enter the exact answers. f has a relative...
-
Financial statements are given below K ces At December 31 Assets Cash MONTGOMERY INCORPORATED Comparative Balance Sheets Accounts receivable, net Inventory Total current assets Equipment Accumulated...
-
Give an example of a symmetric 3 x 3 matrix A such that: the corresponding quadratic form Q(z) = A is negative semi-definite and has no cross product terms; the range of the corresponding linear...
-
Suppose The Management's position had been 95% in the Vanguard index during the time period used with the data and 5% in one of the individual stocks. For each of the two such portfolios (95%...
-
With the growing popularity of e-hailing there is a growing need for people who want to be able to access convenient, affordable, and safe transport to and from wherever they may want to go. Being a...
-
x(t) Find z(t) where x(t)=2 sinc(2t) and y(t) = cos(27) X y(t) z(t)
-
In the spreadsheet, you will find data on the returns of Berkshire Hathaway, the returns of its portfolio of public stocks (computed via Berkshire's 13F filings to the SEC), several factor returns,...
-
Write the given system without the use of matrices. D) - ()- d (x sin t + 8 (2+ 1)
-
Berj Corporation issued bonds and received cash in full for the issue price. The bonds were dated and issued on January 1, 2013. The coupon rate was payable at the end of each year. The bonds mature...
-
Stein Corporation issued a $ 1,000 bond on January 1, 2014. The bond specified an interest rate of 9 percent payable at the end of each year. The bond matures at the end of 2016. It was sold at a...
-
Refer to the financial statements of Canadian Tire Corporation (Appendix A) and RONA Inc. (Connect ), and the Industry Ratio Report (Appendix B on Connect). Required: 1. Compute the quick ratio for...
-
Design a HEN to meet the MER targets for \(\Delta T_{\text {min }}=10^{\circ} \mathrm{C}\) and \(N_{H X, \text { min }}\) for a process involving five hot streams and one cold stream as introduced by...
-
The PFD in Figure 11.63 shows a process in which two liquid products, A and B, are produced from a feed stream of raw material R. In the process, the reactor feed is preheated to \(300^{\circ}...
-
Consider a process with the following streams: (a) Compute \(\Delta T_{\text {thres }}\) as well as the minimum external heating and cooling requirements as a function of \(\Delta T_{\text {min }}\)....
Study smarter with the SolutionInn App