Question
Net Income Planning Planning Holland Corporation earned an after-tax net income of $150,000 last year. Fixed costs were $750,000. The selling price per unit of
Net Income Planning
Planning Holland Corporation earned an after-tax net income of $150,000 last year. Fixed costs were $750,000. The selling price per unit of its product was $120, of which $50 was a contribution to fixed cost and net income. The income tax rate was 40%
a. How many units of product were sold last year? Answer
units
b. What was the break-even point in units last year? Answer
units
c. The company wishes to increase its after-tax net income by 20% this year. If selling prices and the income tax rate remain unchanged, how many units must be sold?
Answer
units
CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 3 Not completePoints out of 3.00 Flag question Net Income Planning Planning Holland Corporation earned an after-tax net income of $150,000 last year. Fixed costs were $750,000. The selling price per unit of its product was $120, of which $50 was a contribution to fixed cost and net income. The income tax rate was 40% a. How many units of product were sold last year? 0 units b. What was the break-even point in units last year? 0 units C. The company wishes to increase its after-tax net income by 20% this year. If selling prices and the income tax rate remain unchanged, how many units must be sold? 0 units Check
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