Question
Based on the following information how many units must the company sell to to earn $1.2 million? Round your answer to the nearest whole dollar.
Based on the following information how many units must the company sell to to earn $1.2 million?
Round your answer to the nearest whole dollar.
Selling Price per unit = $100
Variable costs per unit = $75
Fixed costs = $300,000
Net income the company wants to achieve = $2 million
Effective tax rate = 35% (hint: Net Income will be reduced by by the tax rate)
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald Hilton, David Platt
12th edition
1259969517, 1260566390, 978-1260417043
