When jane, a customer of kk kids store, makes a purchase and shares valuable information about the products of the store through
1 answer:
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Answer:
$26.59
Explanation:
Data provided in the question:
Production volume = 602,000 units per year
Market price = $30 per unit
Desired operating income = 15% of total assets
Total assets = $13,700,000
Now,
Target profit = 15% of $13,700,000
= $2,055,000
Sale value = 602,000 × $30
= $18,060,000
Therefore,
Total cost = sale value -target profit
= $18,060,000 - $2,055,000
= $16,005,000
Thus,
Price per unit =
=
= $26.586 ≈ $26.59