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Wheeler Company is a priceminustaker and uses a targetminuspricing approach. Refer to the following information: Production volume 602 comma 000602,000 units per year Market price
Wheeler Company is a
priceminustaker
and uses a
targetminuspricing
approach. Refer to the following information:
Production volume | 602 comma 000602,000 | units per year |
Market price | $ 34$34 | per unit |
Desired operating income | 1717% | of total assets |
Total assets | $ 13 comma 700 comma 000$13,700,000 |
What is the desired profit for the year?
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