Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

How much sales are required to earn a target income of $170000 if total fixed costs are $400000 and the contribution margin ratio is 40

How much sales are required to earn a target income of $170000 if total fixed costs are $400000 and the contribution margin ratio is 40 s? $425000 $950000 $1425000 $1045000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

12.43 What to Buy? A marketing research experiment was conducted to study the relationship between the length of time necessary for a buyer to reach a decision and the number of alternative package...

Answered: 1 week ago

Question

★★★★★

MidWest Amusements is in the process of reviewing 10 proposals for new rides at its theme parks in cities scattered throughout the American heartland. The companys only experienced safety engineer...

Answered: 1 week ago

Question

★★★★★

Memory for one attribute that is replaced over time by another attribute is called an affective attribute. true or false

Answered: 1 week ago

Question

★★★★★

Xin often struggles with time management and wants to get organized so she can achieve her goals. Which strategy should she use? Select one: a. Write down all of her major deadlines for assignments...

Answered: 1 week ago

Question

★★★★★

Jane is not a CPA, but has expertise in data analytics. She is a partner at Big4 LLP, a member firm of the AICPA. Jane provides non-attest services to her client, including risk advisory services. In...

Answered: 1 week ago

Question

★★★★★

Oriole Company has gathered the following information: Variable manufacturing overhead costs $13,230 Fixed manufacturing overhead costs $10,260 Normal production level in labour hours 9,000 Standard...

Answered: 1 week ago

Question

★★★★★

A firm is considering two capital investment options. The initial investment for Project Alpha is $25,000, and for Project Beta, it is $22,000. Yearly Cash Flows Year 1 : Project Alpha - $7,000;...

Answered: 1 week ago

Question

★★★★★

The following information is available from Bromfield Company's accounting records for the year ended December 31, 2022 (amounts in millions): Cash dividends declared and paid Interest and taxes paid...

Answered: 1 week ago

Question

★★★★★

Lagle Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 5.05 Direct labor $ 3.50 Variable manufacturing overhead $ 1.75 Fixed manufacturing overhead...

Answered: 1 week ago

Previous Question Next Question