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Answer the Following Questions Using the Information Below

question 161

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Answer the following questions using the information below:
Cairns Company has invested $2 000 000 in a plant to make spear guns for fishing.The target operating profit desired from the plant is $300 000 annually.The company plans annual sales of 1500 spear guns at a selling price of $2000 each.
-What is the mark-up percentage as a percentage of cost for Cairns Company?


Definitions:

Unreasonably Dangerous

Describes a product or activity that poses a significant risk of injury to those using it in an expected or foreseeable manner, beyond what would be considered typical or manageable.

Hedge Clippers

Manual or powered gardening tools used for trimming and shaping hedges and bushes.

Manufacturer

A person or company that makes goods for sale, especially on a large scale or with industrial processes.

Alfred Adler

Austrian psychiatrist and founder of Individual Psychology, emphasizing the importance of the feeling of inferiority in the development of personality.

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