Question
The following data are for Lily Kay Company. Total sales revenue $250,000 Number of units sold 50,000 units Contribution margin per unit $3.50 Fixed costs
The following data are for Lily Kay Company. Total sales revenue $250,000 Number of units sold 50,000 units Contribution margin per unit $3.50 Fixed costs $100,000 Calculate the number of units that must be sold to generate net income of $80,000.
13,333 units
5,714 units
51,429 units
120,000 units
22,857 units
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College Accounting Chapters 1-9
Authors: James A. Heintz, Robert W. Parry
22nd Edition
1305666186, 9781305666184
