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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
Rica Company is a price-taker and uses a target-pricing approach. Refer to the following information:

Production volume   600,000   units per year
Market price   $30   per unit
Desired operating income   17%   of total assets
Total assets   $13,900,000   

What is the desired profit for the year?
A) $18,000,000
B) $4,100,000
C) $2,363,000
D) $102,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Deprecated Author
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#2
7 years ago
Makes perfect sense, thx
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#3
2 years ago
thx
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