Vanguard Corp

question 40

Multiple Choice

Vanguard Corp. uses target return pricing and is hoping to earn a 20 percent return on its investment of $1 million during the coming year. Vanguard sold 30,000 units last year and hopes the same quantity will be sold this year. If Vanguard has fixed costs of $250,000 and variable costs of $10 per unit, what price should the firm set to achieve its target return?

• A) $58.30
• B) $60.00
• C) $20.00
• D) $30.00
• E) $25.00

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Definitions:

Attachment Style

Patterns of relationship dynamics that are established early in life, influencing how individuals bond with others and perceive emotional closeness and security.

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A deep and intense emotional affection towards another person that is often characterized by feelings of attachment, passion, and commitment.

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Adult relationships refer to the interpersonal connections and interactions that occur between adults, encompassing various forms like friendships, romantic relationships, and professional connections.

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A high level of skill or knowledge in a certain domain, acquired through extensive experience or education.