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Question - Bond Co. is using target cost approach on a new product. Information gathered so far reveals:
Expected annual sales 400,000 units
Desired profit per unit $0.35
Target cost $168,000
What is the target selling price per unit?
$0.42
$0.70
$0.35
$0.77
Use this information to determine the maturity value of the certificate on Dec 31, 2018? (Round your answers to the nearest whole dollar.)
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