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Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5.000 units for each $2 reduction in the selling price. The company's present selling price is $01 per unit, and variable expenses are $61 per unit. expenses are $839.400 per year. The present annual sales volume (at the $91 selling price) is 25.800 units. Required: What is the present yearly net operating income or loss? What is the present break-even point in unit sales and in dollar sales
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