Parks Castings Inc. will manufacture and sell 200,000 units next year. Fixed costs will total $ 300,000,

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Parks Castings Inc. will manufacture and sell 200,000 units next year. Fixed costs will total $ 300,000, and variable costs will be 60 percent of sales.
a. The firm wants to achieve a level of earnings before interest and taxes of $ 250,000. What selling price per unit is necessary to achieve this result?
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Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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