Solution-Compute the required sales and target net income

Compute the required sales and target net income

Reference no: EM13521310

For Turgo Company, variable costs are 60% of sales, and fixed costs are $195,000. Management's net income goal is $75,000. Compute the required sales in dollars needed to achieve management's target net income of $75,000. (Use the contribution margin approach.)

Reference no: EM13521310

Questions Cloud

How far from initial position on ground will projectile land : A projectile is launches at 45.0o with the horizontal. Its initial speed is 250. m/s. How far from the initial position on the ground will the projectile land

Compute the contribution margin per unit : Compute the contribution margin per unit of limited resource for each product - Contribution margin per unit-Product

What is the margin of safety ratio : Define the term "margin of safety." If Stine Company expects to sell 1,250 units of its product at $12 per unit, and break-even sales for the product are $12,000, what is the margin of safety ratio?

Prepare a cvp income statement through contribution margin : The traditional income statement for Renfro Company shows sales $900,000, cost of goods sold $500,000, and operating expenses $200,000. Assuming all costs and expenses are 70% variable and 30% fixed, prepare a CVP income statement through contrib..

Compute the required sales and target net income : For Turgo Company, variable costs are 60% of sales, and fixed costs are $195,000. Management's net income goal is $75,000. Compute the required sales in dollars needed to achieve management's target net income of $75,000.

Find the classical angular frequency of oscillation : The energy of a particle in the n = 3 excited state of a harmonic oscillator potential is 5.87 eV. What is the classical angular frequency of oscillation of this particle

What speed does the puck have : A 200-g hockey puck is launched up a metal ramp that is inclined at a 30 degree angle. What speed does the puck have when it slides back down to its starting point

Determine the width of the first-order bright fringe : Light of wavelength 5.30 102 nm passes through a slit of width 0.210 mm. Determine the width of the first-order bright fringe

Explain the mixture comes to equilibrium : Suppose that 50.0 mL of a 0.0500 M solution of Pb(NO3)2 is mixed with 40.0 mL of a 0.200 M solution of NaIO3 at 25°C. Calculate the [Pb2+] and [IO3-] when the mixture comes to equilibrium. At this temperature, Ksp for Pb(IO3)2 is 2.6x10^-13.

User Account

All Pages

Compute the required sales and target net income

Reference no: EM13521310

Reference no: EM13521310

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT