Wheeler Company Is a Price-Taker and Uses a Target-Pricing Approach

Multiple Choice

Wheeler Company is a price-taker and uses a target-pricing approach.Refer to the following information: $$\begin{array} { | l | l | l | } \hline \text { Production volume } & \$ 00,000 & \text { units per year } \\\hline \text { Market price } & \$ 34 & \text { per unit } \\\hline \text { Desired operating income } & 17 \% & \text { of total assets } \\\hline \text { Total assets } & \$ 13,800,000 & \\\hline\end{array}$$ What is the desired profit for the year?

A) $102,000
B) $20,400,000
C) $6,600,000
D) $2,346,000