Question
Jenny's Jewels presents a blue and green crystal bracelet. Research indicates that 113,000 bracelets can be sold if the price is less than $13. Jenny's
Jenny's Jewels presents a blue and green crystal bracelet. Research indicates that 113,000 bracelets can be sold if the price is less than $13. Jenny's must invest $115,000 in new equipment to make the bracelets.
If Jenny's target cost per bracelet is $12.82, what is the required rate of return on the investment?
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lets calculate the profit margin per unit Selling price 13 Target cost per unit 1282 ...Get Instant Access to Expert-Tailored Solutions
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