Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marigold Corp. produces small lightweight camping trailers with rear kitchen facilities. The companys fixed costs are $810000 per year and its variable costs are 70%

Marigold Corp. produces small lightweight camping trailers with rear kitchen facilities. The companys fixed costs are $810000 per year and its variable costs are 70% of the unit selling price of $15000. How many campers must the company sell to earn a net income of $180000?

a)94

b)220

c)180

d)116

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

Students also viewed these Accounting questions

Question

What are the functions of top management?

Answered: 1 week ago

Question

Bring out the limitations of planning.

Answered: 1 week ago

Question

Why should a business be socially responsible?

Answered: 1 week ago

Question

Discuss the general principles of management given by Henri Fayol

Answered: 1 week ago

Question

Apply your own composing style to personalize your messages.

Answered: 1 week ago

Question

Format memos and e-mail properly.

Answered: 1 week ago