Use the Information Below to Answer the Following Question(s)

question 111

Multiple Choice

Use the information below to answer the following question(s) .Pershing Company budgeted the following costs for the production of its one and only product, blades, for the next fiscal year:
Pershing has a target profit of $150,000.
-The target profit percentage for setting prices as a percentage of total costs would be

• A)61%.
• B)21%.
• C)47%.
• D)27%.
• E)35%.

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Definitions:

Noncustodial Parent

A parent who does not have legal custody of their child, meaning the child does not live with them the majority of the time.

Childrearing Expenses

Costs associated with raising a child, including food, housing, education, and healthcare.

Child Support

Financial contributions made by the non-custodial parent to support the upbringing of their children.

Detaches Emotionally

The process of withdrawing or distancing oneself emotionally from others or from emotional investments in particular situations.