Profit Lin Corporation has a single product whose selling price is $120 and whose variable expense is

Question:

Profit Lin Corporation has a single product whose selling price is $120 and whose variable expense is $80 per unit. The company’s monthly fixed expense is $50,000.

Required:

1. Using the equation method, solve for the unit sales that are required to earn a target profit of $10,000.

2. Using the formula method, solve for the unit sales that are required to earn a target profit of $15,000.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...