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Business, 08.11.2019 01:31 supersiblings03

Mesa cheese company has developed a new cheese slicer called slim slicer. the company plans to sell this slicer through its catalog, which it issues monthly. given market research, mesa believes that it can charge $20 for the slim slicer. prototypes of the slim slicer, however, are costing $22. by using cheaper materials and gaining efficiencies in mass production, mesa believes it can reduce slim slicer's cost substantially. mesa wishes to earn a return of 40% of the selling price. (a) compute the target cost for the slim slicer. (round answer to 2 decimal places, e. g. 10.50.)

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