Posted: May 3rd, 2016

Calculate the selling price that must be set for this new product if its gross profit ratio ?

Professional Values and Ethics Paper (Learning Team Assignment): Submit your assignment as a Microsoft® Word attachment to theassignments link in eCampus by Week 5 Day 7.

Prepare a 700 to 1,050-word paper in which you explain the relationship among professional values, ethics, and career success. Address the following items in your explanation:
Define values and ethics.
Identify at least three sources of professional values and ethics.
Describe how professional values and ethics may affect career success. Provide at least two specific examples in your description.
Use APA formatting as outlined in the APA Manual, the APA 6th Edition Made Easy document, and the APA Format Checklist posted in the Course Materials forum.
Prior to submitting your paper to your instructor, submit your paper to WritePoint in the Center for Writing Excellence.

MBI, Inc., had sales of $141.6 million for fiscal 2010. The company’s gross profit ratio for that year was 31.6%. The gross profit for fiscal 2010 was $44.7 million and the cost of goods sold was 96.9 million.

Assume that a new product is developed and that it will cost $1,860 to manufacture. Calculate the selling price that must be set for this new product if its gross profit ratio is to be the same as the average achieved for all products for fiscal 2010.