Part A Stone Company is considering introducing a new line of pagers, targeting the preteen...
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Accounting
Part A Stone Company is considering introducing a new line of pagers, targeting the preteen population. Stone believes that if the pagers can be priced competitively at S45 approximately 300,000 units can be sold. The controller has determined that an investment in new equipment totaling S4,000,000 will be required. Stone requires a minimum rate of return of 16% on all investments. Required: Compute the target unit cost per unit of the pager
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