Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 01, 2024

Carnelian Company sells bicycles at $100 each. Variable cost per unit is $80, and total fixed cost is $117,600. Calculate the sales that Carnelian must

Carnelian Company sells bicycles at $100 each. Variable cost per unit is $80, and total fixed cost is $117,600. Calculate the sales that Carnelian must make to earn an operating income of $24,500. a.$710,500 b.$620,700 c.$177,625 d.$241,800

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

10th Edition

1119491630, 978-1119491637, 978-0470534793

More Books

Students also viewed these Accounting questions

Question

★★★★★

The following set of data is from a sample of n = 7: 12 7 4 9 0 7 3 1. Compute the mean, median, and mode. 2. Compute the range, variance, standard deviation, and coefficient of variation. 3....

Answered: 1 week ago

Question

★★★★★

4.3 In d = 1 dimension, consider the SAR model S s=S dsXts = ????t, where d0 > 0, ds = ds and {????t} is a white noise process. Assume that dsei????s 0 for all ???? [????, ????). Show that it is...

Answered: 1 week ago

Question

★★★★★

=+ How is the requirement stated?

Answered: 1 week ago

Question

★★★★★

A factory produces office chairs. According to the past data, the weekly demand has the following probability distribution. The selling price per chair is $120. In addition, the historical data...

Answered: 1 week ago

Question

★★★★★

Carnelian Company sells bicycles at $100 each. Variable cost per unit is $80, and total fixed cost is $117,600. Calculate the sales that Carnelian must make to earn an operating income of $24,500....

Answered: 1 week ago

Question

★★★★★

QUESTION ONE Discuss the followings forms of business ownership: 1.1 Partnership 1.2 Sole trader/ proprietorship 1.3 Companies 1.4 Close corporation QUESTION TWO

Answered: 1 week ago

Question

★★★★★

A Complete Accounting Cycle Project After graduating from College you have decided to open a Bookkeeping Consulting Firm. You did some consulting during last few months and you recently filed a...

Answered: 1 week ago

Question

★★★★★

Required information [The following information applies to the questions displayed below.] You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your...

Answered: 1 week ago

Question

★★★★★

Compute the percentile rank of City B's 2000 homicides. Question 2 3.03 out of 3.03 points 5.17.What is the percent of area beyond z=1.66? Question 3 3.03 out of 3.03 points 5.25.What percentage of...

Answered: 1 week ago

Question

★★★★★

Scenario Instructions MortgageFirst has decided to move forward with 'Strategy #1': To increase the number of new leads as well as to target a population between 19-55 years of age. Specifically...

Answered: 1 week ago

Question

★★★★★

Business law 1. Which of the following is (are) important consideration(s) concerning activity times? https://blog.smarp3.com/management5-communication8-guide 2. "A gives an offer in the newspaper...

Answered: 1 week ago

Previous Question Next Question