Sales of Granite City Products Inc

question 19

Multiple Choice

Sales of Granite City Products Inc. have been on a steady decline for the last 12 months. A market research study conducted revealed that the product of Granite City Products Inc. can be sold only for $500 as opposed to the current market price charged of $600 per unit. Granite City Products Inc. has decided to revise its sales price to $500. The annual sales target volume of the product after price revision is 200 units. Granite City Products Inc. wants to earn 40% on its sales amount.
What is the total target cost?

• A) $140,000
• B) $60,000
• C) $100,000
• D) $40,000

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Definitions:

Dissociative Identity Disorder

A psychiatric disorder characterized by the presence of two or more distinct personality states that control a person's behavior in different situations.

Gender

A social and cultural construct relating to behaviors, roles, expectations, and identities based on perceived sex differences, often categorized as male, female, or non-binary.

Sexual Orientation

An enduring pattern of romantic or sexual attraction (or a combination of these) to persons of the opposite sex or gender, the same sex or gender, or both, or more than one gender.

Overdiagnosed

Refers to the occurrence when a condition or disease is diagnosed more frequently than it actually exists, possibly leading to unnecessary treatment.