Projected Cost Information for a New Product to Be Produced

question 2

Essay

Projected cost information for a new product to be produced by Kolier Manufacturing is as follows:
The product is to be sold for $49.
a.Compute the number of units that must be sold to earn a profit of $80,000.
b.Compute the number of units that must be sold if advertising costs rise by $12,000 and a targeted profit of $120,000 is to be obtained.
c.Use the original information and sales of 10,000 units to compute the new selling price that the company must use to obtain a profit of $200,000.
d.The most in annual sales that could be projected is 20,000 units.Determine the added amount that could be spent on fixed advertising costs if the highest possible selling price that management believes can be charged is $50 and if there is a targeted profit of $225,000.

Identify the dynamics of upward, downward, and lateral communication in organizations.

Discuss the methods and importance of relational repair and maintenance in professional settings.

Understand the principles and importance of reflective listening in enhancing interpersonal communication.

Recognize the roles and effects of different communication media in terms of their information richness and data capacity.

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Definitions:

Stereotyping

The act of making generalized beliefs about a group of people, attributing specific characteristics to all members of the group, often without considering individual differences.

Evil Intentions

The desire or motivation to carry out actions that are considered morally wrong, harmful, or detrimental to others.

Actor-observer Effect

A psychological phenomenon in which people tend to attribute their own actions to external circumstances but others' actions to their personalities.

Dispositional Attributions

Explanations for behaviour based on an actor’s personality or intellect.