FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

So far you like what you see with the company so you decide to do a short budget for 2019. Looking over the last several

So far you like what you see with the company so you decide to do a short budget for 2019. Looking over the last several years you target fixed costs of $600,000 and you believe they can reduce cost of sales to 65%. finally you would like to see profit of $50,000 for each of the three owners. What would that require in breakeven sales?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Federal Tax Accounting 2022
Federal Tax Accounting 2022

Authors: Frank L. Brunetti

1st Edition

080805631X, 9780808056317

More Books

Students explore these related Accounting questions

Question

Explain how the EOQ inventory model can be modified and used to help determine the optimal size of a firms cash balances. Do you think the EOQ approach to cash management is more or less relevant...

Answered: 3 weeks ago

Question

Three equal 1.20-C point charges are placed at the comers of an equilateral triangle whose sides are 0.500 m long. What is the potential energy of the system? (Take as zero the potential energy of...

Answered: 3 weeks ago

Question

Choose two different data types and enumerate the advantages and challenges of each.

Answered: 3 weeks ago

Question

Presented hem are the comparative balance sheets of Flames. Inc., at December 31, 2017 and 2016. Sales for the year ended December 31, 2017, totaled $1,700,000. Required: a. Calculate ROI for 2017....

Answered: 3 weeks ago

Question

Publisher Inc. has 600,000 shares of common stock authorized. In 2020, Publisher issued 425,000 shares. In 2021, Publisher reacquired 50,000 shares of its own stock. How many shares outstanding does...

Answered: 3 weeks ago

Question

1. Requisitioned $14,500 of indirect materials for use in production of surfboard wax. 2. Incurred $214,000 overhead costs (credit Other accounts). 3. Applied overhead at the rate of 150% of direct...

Answered: 3 weeks ago

Question

A die is rolled and value is recorded. The table shows the results of 20 rolls. 1 5 5 2 5 1 5 65 2 LQ 5 LO 5 2462 6 33 5 2 2 (a) Complete the probability distribution table. X P(X) 1

Answered: 3 weeks ago

Question

Uncle Cosmo plans to build a factory. It will cost $ 1 , 0 0 0 , 0 0 0 . He expects the after - tax cash inflows to be $ 2 3 0 , 0 0 0 annually for 6 years, after which he plans to scrap the...

Answered: 3 weeks ago

Question

The amount of pollutants that are found in waterways near large cities is normally distributed with mean 9 ppm and standard deviation 1.3 ppm. 38 randomly selected large cities are studied. Round all...

Answered: 3 weeks ago

Question

Your faculty member will divide the class into teams. Each team will select a specific organization they will be developing the security program for a hospital, college, government building, or...

Answered: 3 weeks ago

Question

2. You are working for a glider manufacturer and have been asked to analyse the laminar boundary layer at a certain point on the smooth wing. The velocity profile at this point, u(y), is given by: u...

Answered: 3 weeks ago

Question

5.2 Using the uniform probability density function shown in Figure 5.7, find the probability that the random variable X is between 1.0 and 1.9.

Answered: 3 weeks ago

Question

How does the issue of fairness emerge when customers complain to your organization?

Answered: 3 weeks ago

Question

How frequently do you check back with your customers who have complained? Who keeps track of this?

Answered: 3 weeks ago

Previous Question Next Question