Fantabulous products sells 2,100 kayaks per year at a price of $ 460 per unit. fantabulous sells in a highly competitive market and uses target pricing. the company has $990,000 of? assets, and the shareholders wish to make a profit of 16? % on assets. assume all products produced are sold. what is the target full product? cost?

$807,600

Step-by-step explanation:

Data provided:

Number of products sold per year = 2,100

Per unit price of the product = $460

Company's assets = $990,000

Target profit percentage = 16%

The total sales for the year

= Number of products sold per year × Per unit price of the product

The total sales for the year = 2,100 × $460 = $966,000

Now,

the target net income = total sales × target profit percentage

or

the target net income = $990,000 × 0.16 = $158,400

Therefore,

the target full product cost = Total sales - target net income

or

the target full product cost = $966,000 - $158,400 = $807,600

the correct answer is b. negative exponential growth.

step-by-step explanation:

you can tell it's an exponential function because it decreases rapidly then levels out and never touches the x-axis.

it is negative because the y-axis decreases as the x-axis increases.

therefore it is a negative exponential growth graph.

hope i !