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(Solution Download) Exercise 18-14 (Part Level Submission) Naylor Company had $150,600 of net income in 2013 when the se


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercise 18-14 (Part Level Submission)

 

Naylor Company had $150,600 of net income in 2013 when the

 

selling price per unit was $160, the variable costs per unit were

 

$100, and the fixed costs were $571,200. Management expects per

 

unit data and total fixed costs to remain the same in 2014. The

 

president of Naylor Company is under pressure from stockholders to

 

increase net income by $63,600 in 2014.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Collapse question partAssume

 

that Naylor Company sells the same number of units in 2014 as it

 

did in 2013. What would the selling price have to be in order to

 

reach the stockholdersAc??c desired profit level? (Round answer to 2 decimal places, e.g.

 

12.25.)

 

 

 

 

 

 

 

 

 

New selling price

 

$_______

 

 

 

 

 


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