User Account

All Pages

Compute the required sales in dollars to achieve net income

Assignment Help Accounting Basics
Reference no: EM131800778

For Flynn Company, variable costs are 56% of sales, and fixed costs are $193,000. Management's net income goal is $70,000.

Compute the required sales in dollars needed to achieve management's target net income of $70,000. (Use the contribution margin approach.) (Round answer to 0 decimal places, e.g. 1,225.)

Reference no: EM131800778

Questions Cloud

Relationship to the social responsibility of organizations : 1. How important do you think professionalism and ethics are in project management and how may it impact the success of a project?
Develop a sampling plan for examining undergraduate : Develop a sampling plan for examining undergraduate business students' attitudes toward Internet advertising.
Determine the optimal sequence : Use Johnson's rule to determine the optimal sequence in which to schedule the jobs to minimize the total required time.
Give an example of a perfect sampling frame : Give an example of a perfect sampling frame. Why is a telephone directory usually not an acceptable sampling frame?
Compute the required sales in dollars to achieve net income : Compute the required sales in dollars needed to achieve management's target net income of $70,000
Calculate the total operating expenses : calculate the Gross Profit, which is equal to the Gross Sales minus the Cost of Sales - calculate the Total Operating Expenses, which is equal to the sum
Distinguish between probability and nonprobability samples : Distinguish between probability and nonprobability samples. What are the advantages and disadvantages of each?
What is the slack time remaining schedule : What is the shortest operating time (SOT) schedule? What is the slack time remaining (STR) schedule?
What would be the impact on the technique : American National Bank has 1,000 customers. The manager wishes to draw a sample of 100 customers. How could this be done using systematic sampling?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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