Determining Sales Volume to Achieve Target Return on Sales The company sells pianos for $7,000 each. The
Question:
Determining Sales Volume to Achieve Target Return on Sales The company sells pianos for $7,000 each. The variable cost per piano is $5,500. The company has fixed costs per month of $45,000. Compute the number of units the company must sell in a month to achieve a 15% return on sales.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Concepts And Applications
ISBN: 9780324376159
10th Edition
Authors: W. Steve Albrecht, James D. Stice, Earl K. Stice, Monte R. Swain
Question Posted:
Students also viewed these Business questions
-
Briefly discuss the cost-volume-profit analysis model and how it is used. Use the attached PDF. APA Citation. 300 words. REVISED PAGES 3 Chapter Three 1 Fundamentals of Cost-Volume-Prot Analysis...
-
ACCT 221 Quiz 4 EVERY QUESTION IS WORTH 4 POINTS Please answer in the Answer Sheet provided at the end of the Question booklet. Submit the Answer Sheet only through Quiz 4 Assignment Do NOT submit...
-
Attached is Accounting assignment along side recommended readings to answer certain questions. Thank you Assignment 1 Problem 1 15 points Reading - W. L. Ferrara, Cost/Management Accounting: The 21st...
-
Distinguish between a National Health Insurance system and a National Health Service. Provide examples of each. What kind of a system does the United States have?
-
Identify these values from Table 11. 7: a. C2 b. R1 c. n d. E2,3
-
How would a retailer develop a market-segment product grouping for their products and services?
-
To an investor, a stock split and a stock dividend have essentially the same effect. Explain the similarity and difference to the corporation between a 100% stock dividend and a 2-for-1 stock split.
-
The following information is taken from the operating section of the statement of cash flows (direct method) of Battery Builders, Inc.: Collections from customers ............ $28,000 Payments to...
-
Submit a 23-minute video reflecting on your ability to research effective sources. Can you differentiate between fact and opinion? Do you routinely seek out opposing viewpoints? Why or why not? What...
-
Break-Even Sales Revenue The company has a variable cost ratio of 55% and monthly fixed costs of $144,000. What is the companys break-even point in terms of sales dollars?
-
Determining Sales Volume to Achieve Target Income Refer to the data in PE 20-14. How many shovels must the company sell to achieve a profit of $10,000?
-
J Bryant, Ltd. is a local coat retailer. The stores accountant prepared the following income statement for the month ended January 31: Bryant sells its coats for $200 each. Selling expenses consist...
-
Alves Berhad beroperasi dalam industri elektronik dan komputer. Pengurus Kewangan sedang dalam proses menyediakan penyata kewangan untuk tahun kewangan apabila dia tiba-tiba jatuh sakit. Anda telah...
-
1. First, calculate p, the probability of CHD-1 in each level of BP Status. Take advantage of the fact that the mean of a 0/1 variable is the probability or percentage of observations equaling 1. a....
-
Explain the different types of budgets commonly used by healthcare facilities: Annual budget Authorized personnel budget Capital budget Expenditure budget Statistical budget Revenue budget Cash...
-
Use the range rule of thumb to identify the values that are significantly low, the values that are signficantly high, and the values that are neither significantly low nor significantly high. A test...
-
Comprehensive Problem Bug - Off Exterminators ( Algo ) Bug - Off Exterminators provides pest control services and sells extermination products manufactured by other companies. Following is the...
-
Due to the charge distribution labeled B in figure,(a) Find E at point (0, 0, 3) if ?S = 5 mC/m2.(b) Find E at point (0, 0, 3) if ?S = 5 sin ? mC/m2. x=-2 P.=I mC/m PL 2 mC/m -5 P. 5 mC/m?
-
Time Solutions, Inc. is an employment services firm that places both temporary and permanent workers with a variety of clients. Temporary placements account for 70% of Time Solutions' revenue;...
-
If the auditor believes that the financial statements prepared on the basis of the entity's income tax are not adequately titled, the auditor should : A)Issue a resignation of opinion. B)Explain the...
-
initial stock offering to the public. This REIT specializes in the acquisition and management of warehouses. Your firm, Blue Street Advisors, is an investment management company that is considering...
-
Question 3 You have been hired to run a pension fund for Mackay Inc, a small manufacturing firm. The firm currently has Gh5 million in the fund and expects to have cash inflows of $2 million a year...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App