Question
Test company sells uniquely carved statues to customers. Test plans to sell 300 units of these statues. The variable cost per unit for the statues
Test company sells uniquely carved statues to customers. Test plans to sell 300 units of these statues. The variable cost per unit for the statues is $175 and fixed costs are $20,000. Company requires a ROA of 7% on its $500,000 of assets. What price should Test sell the statues for?
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
