Magpie Corporation Uses the Total Cost Concept of Product Pricing

question 60

Multiple Choice

Magpie Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% rate of return on invested assets of $700,000. The dollar amount of desired profit from the production and sale of the company's product is:

• A) $175,000
• B) $67,200
• C) $73,500
• D) $96,000

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Definitions:

Bipolar Disorder

A psychological disorder marked by significant fluctuations in mood, ranging from manic or hypomanic episodes to periods of depression.

Antimanic Medication

Drugs used to stabilize mood and control manic episodes in individuals with bipolar disorder and similar conditions.

Psychoeducation

An educational approach to help patients and their families understand and manage a mental health condition or psychological issue.

Pressured Speech

A rapid and continuous speech pattern, often seen in individuals with certain psychiatric conditions.