Question
Jess Brady sells carpets for $770 each. She purchases each carpet for $270 and spends $57,000 for fixed costs. Answer the two separate scenarios. Do
Jess Brady sells carpets for $770 each. She purchases each carpet for $270 and spends $57,000 for fixed costs. Answer the two separate scenarios.
Do not enter dollar signs or commas in the input boxes.
Round your answers to the nearest whole number.
a) Calculate operating income if Jess sells 430 carpets
Operating Income: $Answer
b) Calculate the revenues needed to obtain an operating income of $40,000.
Required Revenue: $Answer
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Financial Accounting An Introduction
Authors: Pauline Weetman
4th Edition
0273703404, 978-0273703402
