Determine the unit sales that are required to earn a target

Assignment Help Accounting Basics
Reference no: EM131010650

Liman Corporation has a single product whose selling price is $142 and whose variable expense is $59 per unit. The company's monthly fixed expense is $38,200.

Required:

1. Using the equation method, determine the unit sales that are required to earn a target profit of $10,023.

Unit sales ________

2. Using the formula method, determine the dollar sales that are required to earn a target profit of $12,181.

Dollar sales ______$

Reference no: EM131010650

Questions Cloud

What led to malfunction of the cruise line : Did leadership on the cruise line use the right course of action during and after the incidents? How have they tried to compensate passengers who are in this uncontrollable situation?
What price should the company charge for the phones : What price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the maximum weekly revenue?
Evaluates current issues effecting labor relations : Write a paper that evaluates current issues effecting labor relations and collective bargaining. Has our current economic state impacted the collective bargaining process
Calculate the total annual cost of holding : I don't understand the how to calculate the total annual cost of holding and ordering of inventory using EOQ.
Determine the unit sales that are required to earn a target : Liman Corporation has a single product whose selling price is $142 and whose variable expense is $59 per unit. The company's monthly fixed expense is $38,200. Using the equation method, determine the unit sales that are required to earn a target prof..
How fast is linda pouring the sugar : Linda is still bored and is now pouring sugar onto the floor. How fast is Linda pouring the sugar at the instant that the pile of sugar is 3 inches high?
What is the current market yield on this bond : Rudy Sandberg wants to invest in four-year bonds that are currently priced at $868.43. These bonds have a coupon rate of 6 percent and pay semiannual coupon payments. What is the current market yield on this bond?
Find the indirect utility function for the consumer : Suppose you are now interested in a different problem. You want to know the minimum amount of money a consumer with a utility function as the one in Problem 2 needs to get a level of utility U = u. Is this amount of money increasing or decreasing ..
P a boat takes 6 hours to go downstream : p A boat takes 6 hours to go downstream and upstream a certain distance. It takes 4 hours to travel twice the distance downstream. Which of the following is the ratio of the speed of the boat in still water to the speed of the river? Indicate the cor..

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.

  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!

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