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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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