Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Garden Corp. would like to attain a profit of $40,000 this year. The current selling price for each unit is 570. Variable expenses are $21

image text in transcribed
image text in transcribed
image text in transcribed
Garden Corp. would like to attain a profit of $40,000 this year. The current selling price for each unit is 570. Variable expenses are $21 per unit and fixed expenses are $9,000. What dollar amount of sales must Garden Corp. have to reach their target profite? O A. $70,000 B. $163,333 OC. $103,333 D. $44,286 Reset Selection Mark for Review What's This? Currently, Mentzer Corp. makes 700 units per year. The units are sold for $200 each and each unit has 5130 in variable costs. Fixed costs are $30,000 per year. What would Mentzer Corp's profit be if they were able to sell 800 units per year. Assume that variable costs remain constant per unit and fixed costs remain constant in total, A $56,000 B. 5130,000 C. 526,000 D. $74,000 Reset Selection Mark for Review What's This? Flower Company would like to attain a profit of $30,000 this year. The current selling price for each unit is $35 and each unit has $15 of variable expenses. It fixed expenses total $8,000, how many units must be sold to attain a target profit? O A 1,086 units B. 667 units C. 1,100 units D. 1,900 units Reset Selection Mark for Review What's This

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Financial Accounting Essentials You Always Wanted To Know Self Learning Management Series

Authors: Vibrant Publishers , Kalpesh Ashar

5th Edition

1636510973, 978-1636510972

More Books

Students also viewed these Finance questions

Question

What organizational data will be required from the exercise?

Answered: 1 week ago

Question

Agree a review date to discuss progress.

Answered: 1 week ago