Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jamie Quinn, a sole proprietor, has the following projected figures for next year: Selling price per unit $150 Variable cost ratio 70% Total fixed costs

Jamie Quinn, a sole proprietor, has the following projected figures for next year:

Selling price per unit $150

Variable cost ratio 70%

Total fixed costs $112,550

If Jamies tax rate is 25%, how many units need to be sold to earn an after tax profit of $3,675?

a. 1,107 units

b. 2,583 units

c. 1,072 units

d. 2,610 units

e. 2,502 units

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

Payroll Accounting 2022

Authors: Bernard J. Bieg, Judith A. Toland

32nd Edition

0357518756, 9780357518755

More Books

Students also viewed these Accounting questions

Question

5 1 4 + x 2.7 0.6

Answered: 1 week ago