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IvanhoeCompany had $164,500of net income in 2019 when the selling price per unit was $153, the variable costs per unit were $93, and the fixed
IvanhoeCompany had $164,500of net income in 2019 when the selling price per unit was $153, the variable costs per unit were $93, and the fixed costs were $573,500. Management expects per unit data and total fixed costs to remain the same in 2020. The president ofIvanhoeCompany is under pressure from stockholders to increase net income by $36,900in 2020.
Compute the number of units sold in 2019.
12300
Compute the number of units that would have to be sold in 2020 to reach the stockholders' desired profit level.
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