Tech Company is a medium-sized consumer electronics retailer. The company reported $155,000,000 in revenues for 2007 and $110,050,000 in Costs of Goods Sold (COGS). In the same year, Tech Co. held an average of $16705510in inventory. Inventory cost at Tech Co. is 27 percent per year. What is the per unit inventory cost ($) for an MP3 player sold at $46? Assume that the margin corresponds to the retailer’s average margin.

Tech Company is a medium-sized consumer electronics retailer. The company reported $155,000,000 in revenues for 2007 and $110,050,000 in Costs of Goods Sold (COGS). In the same year, Tech Co. held an average of $16705510in inventory. Inventory cost at Tech Co. is 27 percent per year. What is the per unit inventory cost ($) for an MP3 player sold at $46? Assume that the margin corresponds to the retailer’s average margin.

Name: Tech Company is a medium-sized consumer electronics retailer. The comp
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Description: Tech Company is a medium-sized consumer electronics retailer. The company reported $155,000,000 in revenues for 2007 and $110,050,000 in Costs of Goods Sold (COGS). In the same year, Tech Co. held an average of $16705510in inventory.Inventory cost at

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 14P

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