Designer Jackets, Inc produces blazers and has the following data available on these products Sales price per unit $ 280 Variable cost per unit 120 Fixed costs per month 16,000 Tax rate 20 percent (1) How many units must be sold to earn a monthly profit of $150,000 after taxes (2) How many sales dollars are required to earn a monthly profit of $150,000 after taxes

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 17, 2024

Designer Jackets, Inc. produces blazers and has the following data available on these products. Sales price per unit $ 280 Variable cost per unit 120

Designer Jackets, Inc. produces blazers and has the following data available on these products.

Sales price per unit	$ 280
Variable cost per unit	120
Fixed costs per month	16,000
Tax rate	20 percent

(1) How many units must be sold to earn a monthly profit of $150,000 after taxes? (2) How many sales dollars are required to earn a monthly profit of $150,000 after taxes?

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

Knowledge Audit Complete Self Assessment Guide Practical Tools For Self Assesment

Authors: Gerardus Blokdyk

1st Edition

0655199837, 978-0655199830

More Books

Students also viewed these Accounting questions

Question

★★★★★

Carl, Barrowman, and Cribbins are partners who share profits and losses 50%, 30%, and 20%, respectively. Their capital balances are $100,000, $60,000, and $40,000, respectively. Instructions (a)...

Answered: 1 week ago

Question

★★★★★

Produce a chart showing the number of moves required to solve the Towers of Hanoi puzzle using the following numbers of disks: 2, 3, 4, 5, 6, 7, 8, 9, 10, 15, 20, and 25.

Answered: 1 week ago

Question

★★★★★

25. The desired percentage of SiO2 in a certain type of aluminous cement is 5.5. To test whether the true average percentage is 5.5 for a particular production facility, 16 independently obtained...

Answered: 1 week ago

Question

★★★★★

MM totally ignore the fact that as you borrow more, you have to pay higher rates of interest. Explain carefully whether this is a valid objection.

Answered: 1 week ago

Question

★★★★★

Designer Jackets, Inc. produces blazers and has the following data available on these products. Sales price per unit $ 280 Variable cost per unit 120 Fixed costs per month 16,000 Tax rate 20 percent...

Answered: 1 week ago

Question

★★★★★

Why are not stocks the most important source of external financing for businesses? Explain this briefly using. a- ) the adverse selection in equity contracts and the most important tool to solve...

Answered: 1 week ago

Question

★★★★★

The following tableliststheconcentration of E. coli bacteria( C , mg/L) at any given time ( t , min) in a swimming area. Time, t (min) 0 4 8 12 16 20 24 28 Concentration, C (mg/L) 0 2.5 3.2 3.4 3.5...

Answered: 1 week ago

Question

★★★★★

Vulnerability scanning can be a critically important step to ensure a network is secure. For a penetration tester, are there any risks to conducing vulnerability scanning. What liabilities or...

Answered: 1 week ago

Question

★★★★★

A. Make a model for your Jamba Juice e commerce conversion funnel with at least 6 steps. Explain why you chose these six steps. Make some numeric targets (examples) for each step in your conversion...

Answered: 1 week ago

Question

★★★★★

Fiscal Years Ended January 29, 2021 January 31, 2020 Current Earnings Net sales Amount % Sales Amount % Sales February 1, 2019 Amount % Sales $ 89,597 100.00% S 72,148 100.00 % $ 71,309 100.00% Cost...

Answered: 1 week ago

Question

★★★★★

Youve observed two CEOs balancing the work of governing and guiding and using themselves as leaders to drive change. Now think of yourself and assess your general capacity to balance between guiding...

Answered: 1 week ago

Question

★★★★★

2. Assess the management, organization, and technology factors that have created this problem. In July 2010, reports surfaced about a Stuxnet worm that had been targeting Irans nuclear facilities. In...

Answered: 1 week ago

Question

★★★★★

8-5 Security isnt simply a technology issue, its a business issue. Discuss.

Answered: 1 week ago

Question

★★★★★

2. What is the possible business impact of this security breach for both MWEB and its customers? BMWEB, launched in 1997, became South Africas leading ISP in 1998. It has established itself as a...

Answered: 1 week ago

Previous Question Next Question