Business, 14.06.2021 15:40 shanicar33500

During 2004, Thor Lab supplied hospitals with a comprehensive diagnostic kit for $120. At a volume of 80,000 kits, Thor had fixed costs of $1,000,000 and a profit before income taxes of $200,000. Due to an adverse legal decision, Thor’s 2005 liability insurance increased by $1,200,000 over 2004. Assuming the volume and other costs are unchanged, what should the 2005 price be if Thor is to make the same $200,000 profit before income taxes? a. $120.00
b. $135.00
c. $150.00
d. $240.00

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During 2004, Thor Lab supplied hospitals with a comprehensive diagnostic kit for $120. At a volume o...

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