Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Targeted Sales Calculations/work must be shown to support your answers (a number without supporting work will receive NO credit). 4. a) Find the targeted number
Targeted Sales Calculations/work must be shown to support your answers (a number without supporting work will receive NO credit). 4. a) Find the targeted number of sales in cars for Really Honest Motors if the variable cost per car is $31,740, the selling price per car is $41,220 and the fixed costs are $820,000 and the company wishes to make $365,000 in profit. (5 points) b) If variable costs from part a decreases TO $29,900, but the profit desires are from part a increases TO $651,600, assuming the other figures stay the same as in part a, i. Will the Really Honest Motors have to sell more, less or the same number of cars to achieve the new profit amount? (2 points) ii. How many cars must they now sell? (2 points)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started