FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

How much sales are required to earn a target net income of $140000if total fixed costs are $280000and the contribution margin ratio is40%? $700000 $910000

How much sales are required to earn a target net income of $140000if total fixed costs are $280000and the contribution margin ratio is40%?

$700000

$910000

$1050000

$350000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Accounting Principles

Accounting Principles

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

11th Edition

9781118566671

Students also viewed these Accounting questions

Question

What messages did you receive from others about going to college?

Answered: 1 week ago

Question

★★★★★
Bunker makes two types of briefcase, fabric and leather. The company is currently using a traditional costing system with labor hours as the cost driver but is considering switching to an...

Answered: 1 week ago

Question

★★★★★
Assessment Questio Question: 16 of 30 Status: Unanswered Time 54 m Fr Time Value Table A firm averages $4,000 in sales per day and is paid, on an average, within 30 days of the sale. After they...

Answered: 1 week ago

Question

★★★★★
Latoya is an independent contractor and operates her own successful consulting business in Milwaukee. She has just signed a large contract with a new client that will require her to spend nine months...

Answered: 1 week ago

Question

★★★★★
Ridley Company estimates that overhead costs for the next year will be $5,190,000 for indirect labor and $900,000 for factory utilities. The company uses machine hours as its overhead allocation...

Answered: 1 week ago

Question

★★★★★
Exercise 4-1 (Algo) Computing revenues, expenses, and income LO C1 Fill in the blanks in the following separate income statements a through e. Sales Cost of goods sold Merchandise inventory,...

Answered: 1 week ago

Question

★★★★★
b 4th Quarter Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: 1st Quarter 2nd Quarter...

Answered: 1 week ago

Question

★★★★★
The question "Which projects are most common/important in your work?" is an example of which topic from TIARA: Group of answer choices Assignments Insights Resources Advice

Answered: 1 week ago

Question

★★★★★
Noel's Mobile Pet Services Company has a grooming department staffed by 10 professional pet groomers. Each groomer is paid $30,000 per year and is able to process 6,000 grooming orders. Last year,...

Answered: 1 week ago

Question

★★★★★
To promote continuous growth and innovation among its employees, WINSERV wishes to enhance its learning and development policies.What is the MOST effective strategy for achieving this goal?...

Answered: 1 week ago

Previous Question Next Question