a. A net income of $30,000. b. A 15 percent return on sales. c. A 10 percent
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a. A net income of $30,000.
b. A 15 percent return on sales.
c. A 10 percent return on his $150,000 investment. Single Product: Required Selling Price. Janice Tyler opened a candy shop. The variable cost per box of candy is $4. She anticipates fixed costs of $10,000 per year and expects to sell 12,000 boxes per year. Determine the average selling price required to:
a. Break even.
b. Earn a net income of $15,000.
c. Eam a 10 percent return on sales.
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