Chrome File Edit View History Bookmarks People Window Help 4) 99%Ca, Sat 9:53 PM

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Chrome File Edit View History Bookmarks People Window Help 4) 99%Ca, Sat 9:53 PM OD //IL WileyPLUS C Secure | https://edugen.wileyplus.com/edugen/student/rmainfr.uni Scholarships Drake & FutureWhat a Time To Be Alive WileyPLUS Weygandt, Financial & Managerial Accounting, 2e Financial and Managerial Accounting (ACCTG 10 and 11) MESSAGE MY INSTRUCTOR STANDARD VIEW PRINTER VERSION BACK NEXT Exercise 19-14 (Part Level Submission) Naylor Company had $153,600 of net income in 2016 when the selling price per unit was $155, the variable costs per unit were $95, and the fixed costs were $574,000. Management expects per unit data and total fixed costs to remain the same in 2017. The president of Naylor Company is under pressure from stockholders to increase net income by $62,400 in 2017 es (c) Your answer is incorrect. Try again. yer Assume that Naylor Company sells the same number of units in 2017 as it did in 2016. What would the selling price have to be in order to reach the stockholders' desired profit level? (Round answer to 2 decimal places, e.g. 12.25.) New selling price LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS AM By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts: 1 of 3 used SAVE FOR LATER SUBMIT ANSWER PM Earn Maximum Points available only if you answer this question correctly in two attempts or less.

Explanation / Answer

Units sold in 2016 = (153600+574000)/(155-95)= 12127 New unit contribution margin=(153600+62400+574000)/12127 = $65.15 New selling price = 95+65.15 = $160.15 or $160.14

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