Dane Metalworks produces a special kind of metal ingots which are unique, and it allows Dane to follow a cost-plus pricing strategy. Dane has $9,000,000 of assets and shareholders expect approximately 8% return on assets. Additional data are as follows: Using the cost-plus approach, what should the price per unit be? (Please round to the nearest cent.)

Question

Dane Metalworks produces a special kind of metal ingots which are unique, and it allows Dane to follow a cost-plus pricing strategy. Dane has $9,000,000 of assets and shareholders expect approximately 8% return on assets. Additional data are as follows:  Using the cost-plus approach, what should the price per unit be? (Please round to the nearest cent.)

Quizplus · Accepted Answer

The Answer of Dane Metalworks produces a special kind of metal ingots which are unique, and it allows Dane to follow a cost-plus pricing strategy. Dane has $9,000,000 of assets and shareholders expect approximately 8% return on assets. Additional data are as follows:  Using the cost-plus approach, what should the price per unit be? (Please round to the nearest cent.)

Dane Metalworks Produces a Special Kind of Metal Ingots Which