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Use this income statement to answer the following questions. Sales ($60 per unit) $6,000 Less: Cost of goods sold ($34 per unit) 3,400 Gross margin
Use this income statement to answer the following questions. Sales ($60 per unit) $6,000 Less: Cost of goods sold ($34 per unit) 3,400 Gross margin 2,600 Less operating expenses: Salaries $800 Advertising 400 Shipping ($2 per unit) 200 Operating Income 1,400 $1,200 (a) Your Answer Correct Answer Your answer is correct. How many units would the company need to sell to earn $3,600 in operating income? (Round answer to the nearest whole units.) Units required to meet target operating income eTextbook and Media Solution 200 units Attempts: 3 of 3 used (b) How many units would the company need to sell to earn $1,260 in net income if the tax rate is 30% ? (Round answer to the nearest whole units.) Units required to meet target units eTextbook and Media Save for Later Attempts: 0 of 3 used Submit
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