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Summer 20 company uses a target-pricing approach. Based on the following, what is the desired operating profit for the year? Production volume: 500,000 units per
Summer 20 company 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: $35 per unit
Desired operating profit: 11% of total assets
Total assets: $15,000,000
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