Multiple Choice
The management of Fanton Corporation is considering introducing a new product-a compact lawn blower. At a selling price of $38 per unit, management projects sales of 60,000 units. The lawn blower would require an investment of $500,000. The desired return on investment is 18%.
-The target cost per lawn blower is closest to:
A) $38.00
B) $43.07
C) $44.84
D) $36.50
Correct Answer:
Verified
Correct Answer:
Verified
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