Question
A company desires to sell a sufficient quantity of products to earn a profit of $240000. If the unit sales price is $32, unit variable
A company desires to sell a sufficient quantity of products to earn a profit of $240000. If the unit sales price is $32, unit variable cost is $12, and total fixed costs are $800000, how many units must be sold to earn net income of $240000?
| 52000 units |
| 86000 units |
| 47500 units |
| 37000 units
-------------------------
|
Sheffield Corp. has fixed costs of $550000 and variable costs are 20% of sales. How much will Sheffield report as sales when its net income equals $50000?
| $3000000 |
| $737500 |
| $120000 |
| $750000
|
or Bramble Corp., sales is $4000000, fixed expenses are $900000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $300000?
| $11111111 |
| $2500000 |
| $833333 |
| $3333333 |
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