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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Accounting and Financial Analysis in the Hospitality Industry
Authors: Johnathan Hales
1st edition
132458667, 978-0132458665
