Attaining the target profit

Assignment Help Accounting Basics

Reference no: EM13153178

The following is Addison Corporation's contribution format income statement for last month:

Sales ....................$1,000,000
Variable expenses........... 700,000

Contribution margin......... 300,000
Fixed expenses.............. 180,000

Net operating income........ 120,000

The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.

How many units would the company have to sell to attain the target profit of $150,000?

a. 25,000

b. 26,667

c. 22,000

d. 37,500

Reference no: EM13153178

Questions Cloud

What effects would this have on the h, a, and i bands : What effects would this have on the H, A, and I bands?

Calculate joes marginal revenue product for labor : Calculate Joe's Marginal Revenue Product for Labor (MRPL). What is Joe's optimal level of L if w=$22.75? Why?

Why is this firm a natural monopolist : They face a straight market demand curve that runs from $500 on the price axis to 1000 on the quantity axis.How much profit will they make at that quantity? Why is this firm a natural monopolist?

Define what ranfe of anode potential should be used : theoretically feasible in a solution that initially 0.250 M in each ion? c.) If separation is feasibe in eithee (a) or (b), what ranfe of anode potential (vs. SCE) should be used?

Attaining the target profit : The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. How many units would the company have to sell to attain the target profit of $150,000?

Company margin of safety in dollars : The following is last month's contribution format income statement: What is the company's margin of safety in dollars?

Find probability that injured person is female and hurt : Find the probability that the injured person is female. P( P( )=? E. Find the probability that the injured person is female and was hurt at work. P( P( )=? F.

What is the final concentration of cl2 : We place 1.32 mol PCl5 in a 1.0L flask and allow it to reach equilibrium at a given temperature. What is the final concentration of Cl2 in the flask? PCl5 = PCl3 + Cl2 K= .47

What is the density of a substance at room temperature : What is the density of a substance if a 2.50mL sample has a mass of 0.880g at room temperature? ( show calculations) What is the specific gravity of the substance?

User Account

All Pages