Sid's skins makes a variety of covers for electronic organizers and portable music players. the company's designers have discovered a market for a new clear plastic covering with college logos for a popular music player. market research indicates that a cover like this would sell well in the market priced at $24.50. sid's desires an operating profit of 25 percent of costs. required: what is the highest acceptable manufacturing cost for which sid's would be willing to produce the cover? (round your answer to 2 decimal places.)

The highest acceptable manufacturing cost for which Sid's would be willing to produce the cover is $19.60

Explanation:

The computation of the highest acceptable manufacturing cost is shown below:

We know that the market priced at $24.50 and the operating profit is 25%  of the cost, we assume the cost is 100 and the selling price equals to

= Cost + operating profit

= 100 + 25% × cost price

= 125

The market price is given for selling price but we have to compute for the cost price

So, the calculation would be

= $24.50 × 100 ÷ 125

= $19.60

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

c is the correct answer.