Off Road Concepts,Inc

question 59

Multiple Choice

Off Road Concepts,Inc.produces a special kind of light-weight,recreational vehicle that has a unique design.It allows the company to follow a cost-plus pricing strategy.It has $10,000,000 of average assets,and the desired profit is a 9% return on assets.Assume all products produced are sold.Additional data are as follows:

Using the cost-plus pricing approach,what should be the sales price per unit?

• A)$4,450
• B)$20,000
• C)$2,180
• D)$2,000

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Definitions:

Action Query

In database management, a type of query that makes changes to multiple records at once, based on specified criteria.

Run Button

A user interface element that, when clicked, executes or starts a program or process.

Update Button

A control element in software interfaces that initiates the process of downloading and installing the latest software updates.

Make-Table Query

A type of database query that creates a new table and populates it with data based on the result of the query.