Business, 14.06.2021 15:50 serenityparish

MycroFiber is a producer of microfiber material for the auto detailing industry. Jamal, the owner of MycroFiber is highly skilled in the technical and manufacturing areas, but does not understand pricing. Jamal knows he wants to cover the cost of production when selling his material and needs revenue to cover his overhead costs and to make a profit. To be sure he meets these goals, Jamal decides to take a cost-based pricing approach. If MycroFiber's cost of production is $4 a square yard, Jamal and Jamal prices his material at $10 a square yard, what is MycroFiber's margin percentage? a. 40%.
b. 150%.
c. 60%.
d. 250%.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 14:20

David and darlene jasper have one child, sam, who is 6 years old (birthdate july 1, 2011). the jaspers reside at 4639 honeysuckle lane, los angeles, ca 90248. david's social security number is 577-11-3311, darlene's is 477-98-4731, and sam's is 589-22-1142. david's birthdate is may 29, 1984 and darlene's birthday is january 31, 1986. david and darlene's earnings and withholdings for 2017 are:

Answers: 2

Answer

Business, 21.06.2019 19:30

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Answers: 1

Answer

Business, 22.06.2019 01:40

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

Answers: 1

Answer

Business, 22.06.2019 18:00

Your subscription to investing wisely weekly is about to expire. you plan to subscribe to the magazine for the rest of your life, and you can renew it by paying $85 annually, beginning immediately, or you can get a lifetime subscription for $620, also payable immediately. assuming that you can earn 6.0% on your funds and that the annual renewal rate will remain constant, how many years must you live to make the lifetime subscription the better buy?

Answers: 2

Answer

You know the right answer?

MycroFiber is a producer of microfiber material for the auto detailing industry. Jamal, the owner of...

Questions