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Action Toys has a new video game cassette for the upcoming holiday season.It is trying to determine the target cost for the game if the selling price per unit will be set at $60,the going price for video games,and the firm wants to earn a target operating income of 15% of sales.What will be the target cost per unit for the new game?
Positive
A term usually referring to values greater than zero, or a positive attitude or outcome in a broad sense.
Expected Value
The weighted average of all possible values of a random variable, with the weights being the probabilities of the outcomes.
Portfolio
A blend of financial contributions, featuring stocks, bonds, market commodities, ready money, and equivalents of cash, comprising also mutual funds and ETFs.
Stocks
Shares of ownership in a corporation or financial asset, which represent a claim on the company's earnings and assets.
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