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Princeton Company sold products for a unit sales price of tk.100. In 2020, the company earned a net income of tk.240000. The variable cost of
Princeton Company sold products for a unit sales price of tk.100. In 2020, the company earned a net income of tk.240000. The variable cost of the products was tk.40 per unit and the fixed cost was tk.600000. Management expects per unit data and total fixed costs to remain the same in 2021. The chairman of the company has decided to increase the target profit by tk. 12000 in 2021. Instructions: a) Compute the number of units sold in 2019. b) Identify the number of units that would have to be sold in 2020 to reach the stockholders' desired profit level
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