Calculate the unit sales needed to attain a target profit

Assignment Help Accounting Basics
Reference no: EM133030303

Question - Lin Corporation has a single product whose selling price is $140 per unit and whose variable expense is $70 per unit. The company's monthly fixed expense is $32,600.

Required -

1. Calculate the unit sales needed to attain a target profit of $6,250.

2. Calculate the dollar sales needed to attain a target profit of $8,000.

Reference no: EM133030303

Questions Cloud

Organizational culture and employee retention : Compare and contrast in detail the differences between internal equity, external equity, and individual equity.
How many contracts should gd buy or sell : Generous Dynamics is planning on buying 3000 ounces of gold in six months. How many contracts should GD buy or sell to hedge the future purchase
Review profit and productivity performance : Why is it important to analyse and interpret budget and actual financial information to monitor and review profit and productivity performance?
Advantages and disadvantages of internet recruiting : What are some of the advantages and disadvantages of internet recruiting, and what are some of the legal issues associated with the same?
Calculate the unit sales needed to attain a target profit : Lin Corporation has a single product whose selling price is $140 per unit. Calculate the unit sales needed to attain a target profit of $6,250
What will the cash flows for this project be : The original cost of the old oven was $31,000; it is now five years old, and it has a current market value of $13,000. What will the cash flows for this project
Challenges to io psychology practitioners : Over the past 20 years, there have been significant technological advances which affect our everyday lives. These advances extend to various fields of professio
Calculate the firm value per share : Calculate the firm's value per share using the discounted dividend model taking into account growth and using the cost of equity capital calculated
Describe the performance appraisal system : Describe the performance appraisal system discussed during the course and known as "Professional Development Plan". What advantages does it possess in compariso

Reviews

Write a Review

Accounting Basics Questions & Answers

  What loan origination fees are

What Loan origination fees are? added to the carrying amount of the loan payable and subsequently amortized using the straight-line method

  Capital finance lease for a period of machine

And December 31 year one company least a machine under a capital finance lease for a period of 10 years contract and pay $50,000 on signing the lease.

  How much interest expense will be recognized

The proceeds from the bonds are P19,604,145. Using effective-interest amortization, how much interest expense will be recognized in 2019?

  In the spotlight about fedex corporation you get a feel for

in the spotlight about fedex corporation you get a feel for the amount of investment in assets and the resulting

  Identity and list health care funding methods used in canada

Identity and list the health care funding methods used in Canada. State the health care funding method used in your jurisdiction and describe the payroll

  Give the entries in the books of account of the company

On 1st January, 1956, the XY Trading Company Limited issued debentures to the value of £50,000 repayable in twenty years. It was decided to create a Sinking.

  Calculate the issue price of the bonds

On January 1, 2020 Lance Co. issued five-year bonds with a face value of $1,000,000 and a stated interest rate of 12% payable semiannually on July 1 and January

  What is todays value of the bequest

what is todays value of the bequest and what is the value of the bequest immediately after the first payment is made?

  How was your gross income calculated

Create a 700- to 1,050-word document responding to the above.. How was your gross income calculated? What "above-the-line deductions did you have

  Prepare the journal entry to record the impairment loss

Assume that the recoverable amount of the Hall division is $1,800,000 instead of $2,100,000. Prepare the journal entry to record the impairment loss

  Compute net present value of the incremental investment

Compute the net present value of the incremental investment associated with purchasing the Hybrid at a ten percent time value of money.

  What type of opinion should you express on financial report

You conclude that disclosure of the litigation is adequate. What type of opinion should you express on the financial report of Mint Ltd

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd