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Management of Fun Feet, Inc. (FFI), is considering a new product that would have a selling price of $55 per unit and projected sales of
Management of Fun Feet, Inc. (FFI), is considering a new product that would have a selling price of $55 per unit and projected sales of 41,000 units. The new product would require an investment of $820,000. The desired return on investment is 15%. Required: A) Determine the target cost per unit for the new product. (Round your answer to 2 decimal places.)
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
