Gabriel metalworks produces a special kind of metal ingots that are unique, which allows gabriel to follow a cost−plus pricing strategy. gabriel has $10,000,000 of assets and shareholders expect approximately a 7% return on assets. assume all products produced are sold. additional data are as follows: sales volume350,000units per yearvariable costs$16per unitfixed costs$1,500,000per yearusing the cost−plus pricing approach, what should be the sales price per unit? (round your answer to the nearest cent.)

sale price is $0.78

Explanation:

Given data

assets = $10,000,000

rate = 7% = 0.07

Sales volume = 350,000 units per year

Variable costs = $16 per unit

Fixed costs = $1,500,000 per year

to find out

sales price per unit

solution

we find required return that i s

return = asset × rate

return = 10,000,000  × 0.07

return = $700000

so here total cost = Sales volume  ×  Variable costs + fixed cost

put here all these value

total cost = 350000 × 16  + 1,500,000

total cost = $7100000

so now for sale price

sale price = total cost + required return / sale

put all these value

sale price = ( 7100000 + 700000 ) / 10,000,000

sale price is $0.78

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

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