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what is the new unit selling price? Pharoah Company had $176,800 of net income in 2024 when the unit selling price was $151, the unit
what is the new unit selling price?
Pharoah Company had $176,800 of net income in 2024 when the unit selling price was $151, the unit variable costs were $91, and the fixed costs were $573,200. Management expects per unit data and total fixed costs to remain the same in 2025. The president of Pharoah Company is under pressure from stockholders to increase net income by $75,000 in 2025. Assume that Pharoah Company sells the same number of units in 2025 as it did in 2024. What would the unit selling price have to be in order to reach the stockholders' desired net income, assuming the unit variable costs and fixed costs remain at 2024 levelsStep by Step Solution
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