Answer the Following Questions Using the Information Below

question 130

Multiple Choice

Answer the following questions using the information below:
After conducting a market research study, Harry Products decided to produce an electric coffee pot to complement its line of kitchen products. It is estimated that the new coffee pot can be sold at a target price of $23. The annual target sales volume for the coffee pot is 300,000. Potter has target operating income of 18% of sales.
-What is the target cost for each coffee pot?

• A)$17.75
• B)$18.86
• C)$21.08
• D)$23.00

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Definitions:

Prosopagnosia

A specific inability to recognize faces, even very familiar ones, with intact recognition of other objects.

Arbitrariness

The lack of any necessary or natural relationship between a sign's physical form and its meaning.

Discreteness

The characteristic of data or systems that have distinct, separate values or components.

Regularity

The condition or quality of being uniform, consistent, or repeating in a predictable pattern, often observed in natural phenomena, behaviors, and structures.