Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a childs first birthday. The cakes, which sell for $60 and

Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a childs first birthday. The cakes, which sell for $60 and feature an edible picture of the child, are shipped throughout the country. A typical months results are as follows:

Sales revenue $1,005,600
Variable expenses 754,200
Contribution margin 251,400
Fixed expenses 107,400
Operating income $ 144,000

image text in transcribed

Assuming a 30% tax rate, how many cakes will Julianna Abdallah have to sell if she wants to earn $98,280 in net income each month? (Round answer to 0 decimal places, e.g. 5,275.) cakes eTextbook and Media Save for Later Attempts: 0 of 12 used Submit

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

Strategic Cost Analysis

Authors: Roger Hussey

1st Edition

160649239X, 9781606492390

More Books

Students also viewed these Accounting questions

Question

identify the classifications of interventions;

Answered: 1 week ago