Question
Presented below is Oxford Ltd.s income statement for 20x5: Sales (38149 units) $875002 Variable costs -375735 Contribution Margin 499267 Fixed Expenses -213274 Operating Income 285993
Presented below is Oxford Ltd.s income statement for 20x5:
|
| Sales (38149 units) | $875002 |
|
| Variable costs | -375735 |
|
| Contribution Margin | 499267 |
|
| Fixed Expenses | -213274 |
|
| Operating Income | 285993 |
|
| Income tax expense | -108677 |
|
| Net Income | $177316 |
How many units must Oxford Ltd. sell in order to generate net income equal to $262438?
Select one:
a. 69067 units
b. 58628 units
c. 48640 units
d. 36349 units
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Financial Accounting For MBAs
Authors: Peter Easton, Robert Halsey, Mary Lea McAnally, John Wild
8th Edition
1618533584, 9781618533586
