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Top Value Jeans Co. sells blue jeans wholesale to major retailers across the country. Each pair of jeans has a selling price of $55 with
Top Value Jeans Co. sells blue jeans wholesale to major retailers across the country. Each pair of jeans has a selling price of $55 with $40 in variable costs of goods sold. The company has fixed manufacturing costs of $1,745,000 and fixed marketing costs of $250,000. Sales commissions are paid to the wholesale sales reps at 10% of revenues. The company has an income tax rate of 20%. Read the requirements. Requirement 2b. How many jeans must the company sell in order to reach a net income of $400,000 ? Now, select the formula labels, enter the amounts and calculate the number of jeans required to be sold to reach net income of $400,000. (Round your answer up to the nearest whole unit.) Quantity of units
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