Question
Panthers Inc. would like to know the required sales needed to achieve $75,000 in net income. Their variable costs amount to 55% of their
Panthers Inc. would like to know the required sales needed to achieve $75,000 in net income. Their variable costs amount to 55% of their selling price and they incur total fixed costs per year of $300,000. What is Panthers Inc.'s required sales in order to reach this target income of $75,000? (round your answer to nearest dollar amount)
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Horngrens Accounting
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
9780134487151, 013448715X, 978-0134674681
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