Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. abc are looking at making a new product. they have

ABC are looking at making a new product. They have done their research and are...

90.2K

Verified Solution

Question

Accounting

ABC are looking at making a new product. They have done their research and are confident that they understand the needs of their customers and how much a customer would be willing to pay for the product. It has been determined that this price would be $20. ABC have a desired profit margin on their products of 30%. What would be ABCs target cost?

$4.00

$26.00

$14.00

$8.00

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

What is the iron-containing portion of hemoglobin (Hint: think blood) and myoglobin (Hint: think muscle) molecules...

Medical Sciences
1.2K views

After the experiment, the researchers discovered that one participant in the high fat group was currently...

Psychology
1.2K views

How did Haiti made the The United States what it is today??

Electrical Engineering
1.2K views

What are the properties of Biosignals ( i.e. signals generated from Biological sources like ECG, EMG,...

Biology
1.2K views

wing questions about RNAi A Why can t RISC use double stranded RNA as a...

Statistics
1.2K views

Complete the first month of the amortization schedule for a fixed rate mortgage Mortgage 102...

Algebra
1.2K views

Question 2 8 points For the polynomial function f x 24x 80x 82x 24 a...

Algebra
1.2K views

12 4 2z 6 20

Accounting
1.2K views

On January 1, 2017, Sheffield Corp. issued ten-year bonds with a face amount of $5800000...

Accounting
1.2K views

its multiple choice question and i need the correct option

Finance
1.2K views

(Payback period, NPV, PI, and IRR calculations) You are considering a project with an initial...

Accounting
1.2K views

Journal entry worksheet Record the Patent Amortization expense for the full year. Note: Enter debits...