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Longwood, Inc. manufactures various lines of computer equipment and is planning to introduce a new line of laptops. Current plans call for the production and sale of 1,000 units, with estimated costs as follows:
The average amount of capital invested in the laptop product line is $900,000 and Longwood’s target return on investment is 18%.
-What price must Longwood charge if the company uses cost-plus pricing based on total variable cost?
Directly Liable
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Tort Case
A legal case involving a civil wrong that causes harm or loss, leading to legal liability for the person who commits the tortious act.
Principal
The primary party involved in a transaction or agreement, often responsible for the overall terms and conditions.
Agent
An individual or entity authorized to act on behalf of another person or entity in business transactions or legal matters.
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