User Account

All Pages

Calculate the unit sales needed to attain a target profit

Assignment Help Accounting Basics
Reference no: EM133140551

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 ?xed expense is $31,900.

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 $9,400.

Reference no: EM133140551

Questions Cloud

Major financial problem : Two months prior to the expiry of the current collective agreement, a union gave the employer notice to bargain. The parties could not agree on any meetings dat
Compute the roi for each division : Question - Three divisions of Jameson Co. report the following sales and operating data: Compute the ROI for each division
Americans with disabilities act : Last week, you found out that one of the employees in your company has trouble with his vision. In fact, he has cataracts: a visual impairment that is protected
Differences between financial and managerial accounting : Discuss the differences between financial and managerial accounting. What types of documents are prepared by business organization
Calculate the unit sales needed to attain a target profit : The company's monthly ?xed expense is $31,900. Calculate the unit sales needed to attain a target profit of $6,250
Prepare ayayai journal entry to record income tax : Prepare Ayayai's journal entry to record 2020 income tax. Assume a tax rate of 25% and that Ayayai uses the taxes payable method of accounting
Calculate the issue price of the bond : On October 1, 2020, Best Biopharma Inc. issued an $900,000, 10.0%, seven-year bond. Calculate the issue price of the bond
Know the traditional flow of union : Know the "traditional" flow of union organization drives and the issues associated
Review the hofstede culture profile on canada : Under 'Assignments', Review the Hofstede Culture Profile on Canada website and then access the to compare Canada with two other countries. One country should be

Reviews

Write a Review

Accounting Basics Questions & Answers

  Components of measuring the economic damages

What are the components of measuring the economic damages from the loss of household services?

  What amount of interest income

What amount of interest income should be included in Moor's 2011 income statement (the second year of the contract)?

  Determine the overall state income tax for the unitary group

True's activities and sales are restricted to State A, which imposes an 8% income tax. Determine the overall state income tax for the unitary group

  Discuss the department take to overcome its difficulties

What steps could the department take to overcome its difficulties

  What is jason realized value from the sale of partnership

Jason sold his interest in a partnership for $25,000 cash. What is Jason's realized value from the sale of his partnership interest?

  Determine the companys predetermined overhead rate

Using WGCC's current product-costing system: Determine the company's predetermined overhead rate using direct-labor as the single cost driver

  For example wages and salaries should be 20700 plus 1500

harolds roof repair has provided the following data concerning its costsfixed cost per monthcost per

  Show a violation of the aicpa code of professional conduct

General and Technical Rule Cases. Read the following cases. For each, state whether the action or situation shows a violation of the AICPA Code of Professional.

  Prepare the required journal entries for the exchange

Assuming the machinery exchange does NOT have commercial substance, prepare the required journal entries for the exchange for Synthesize.

  Prepare a post-closing trial balance

Accounts of Pioneer Heating Corporation at the end of the first year of operations showed the following balances. In addition, prepaid operating expenses are 4000, and accrued sales commissions payable are $5900. Investment revenue receivable is ..

  Disadvantages of using c corporation as a legal structure

Explain some advantages and disadvantages of using the C corporation as a legal structure. Finally, how might officers of the corporation be compensated.

  What percentage would sales from tone have to increase

What percentage would sales from T-1 have to increase in order to make up the financial loss from dropping T-2?expected to increase by 10% next year; the firm's

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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