Question
JIA Sales Company is the executive distributor for a revolutionary bookbag.The product sells for $60 per unit and has a CM ratio of 40% .The
JIA Sales Company is the executive distributor for a revolutionary bookbag.The product sells for $60 per unit and has a CM ratio of 40% .The company's fixed expenses are $360,000 per year.
What sales level in units and in sales dollars is required to earn an annual profit of $90,000?
Select one:
a.20,750 units and $ 1,125,000
b.18,750 units and$1,125,000
c.19,750 units and $ 1,125,000
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
