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Roadside Inc is fine-tuning a combination flashlight / WiFi hotspot. The new product would sell for $34.79. Variable cost of production would be $12.16 per
Roadside Inc is fine-tuning a combination flashlight / WiFi hotspot. The new product would sell for $34.79. Variable cost of production would be $12.16 per unit. Setting up production would entail relevant fixed costs of $293,813. The board of directors, citing technical risk, insists that this project cannot go forward unless the new product would earn a return on sales of 14%. Calculate breakeven sales in DOLLARS, meeting the profit target. (Rounding: penny.) Please show work.
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