Use this information for Dotterel Corporation to answer the questions that follow.
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Dotterel Corporation uses the variable cost concept of product pricing. Below is the cost information for the production and sale of 35,000 units of its sole product. Dotterel desires a profit equal to an 11.2% rate of return on invested assets of $350,000.
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-The variable cost per unit for the production and sale of the company's product is
Definitions:
Net Loss
The amount by which total expenses exceed total revenues in a given period, indicating a financial loss.
Net Income
A company's total earnings post the subtraction of all expenses, taxes, and costs from its overall revenue.
Owner's Capital
This represents the total equity invested by the owners in a company plus any retained earnings, indicative of the net worth of the company from the owner's perspective.
Total Assets
Total assets represent the sum of all assets owned by an individual or organization, including both current and non-current assets.
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