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Santa Fe Company sells 2,000 units per year for $450 each in a highly competitive market. The firm has $990,000 of assets, and shareholders want
Santa Fe Company sells 2,000 units per year for $450 each in a highly competitive market. The firm has $990,000 of assets, and shareholders want a profit of 16% on assets. What is the target full product cost?
A. | $900,000 | |
B. | $15,840,000 | |
C. | $1,044,000 | |
D. | $741,600 |
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