Question
Spring 20 company is a price taker and uses a target-pricing approach. Based on the following, what is the desired operating profit for the year?
Spring 20 company is a price taker and uses a target-pricing approach. Based on the following, what is the desired operating profit for the year?
Production volume: 500,000 units per year
Market Price: $30 per unit
Desired operating profit: 10% of total assets
Total assets: $12,000,000
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
1st Edition
0131109391, 978-0131109391
