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please answer each requirement campaign, the company's controles has prepared and presented Mr Brown with the following data for the currere yeve, 2017. (Click the
please answer each requirement
campaign, the company's controles has prepared and presented Mr Brown with the following data for the currere yeve, 2017. (Click the icon to view the data.) Read the depurtements. Requirement 1. What is the projected net income foc 2017? Uaing the equation method, select the besic lormula used to compute the target net incone for 2017 . Reverkes = Variable costs = Fixed coits a Tapget net income - 1 Tax rate The target net income for 2017 is Requirement 2. What is the breakeven point in unt for 2017? Data table Requirements 1. What is the projected net income for 2017 ? 2. What is the breakeven point in units for 2017 ? 3. Mr. Brown has set the reverue target for 2018 at a levet of $572,000 (or 24,000 bows) He believes an additional marketing cost of $33,880 for advertising in 2018, with all other costs remaining constant, will be necessary to attain the revenue target. What is the net income for 2018 if the additional $33,880 is spent and the revenue target is met? 4. What is the breakeven point in revenves for 2018 it the additional $33,880 is spent for advertising? 5. If the additional $33,880 is spent, what are the required 2018 revenues for 2018 net income to equal 2017 net income? 6. At a sales level of 24,000 units, what maximum amount can be spent on advertising if a 2018 net income of $89,652 is desired Step by Step Solution
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