Dollars needed to achieve managements target net income

Assignment Help Financial Accounting
Reference no: EM13746033

For Turgo Company, variable costs are 63% of sales, and fixed costs are $185,500. Management’s net income goal is $58,071.

Compute the required sales in dollars needed to achieve management’s target net income of $58,071.

Reference no: EM13746033

Questions Cloud

Write an essay on the dead constitution : Compose a brief essay on Alive And Kicking: Why No One Truly Believes In A Dead Constitution and the First Amendment.
Just-in-time inventory systems : Question 2: How have just-in-time inventory systems impacted the cash conversion cycle for firms?
Describe the main supply chain challenges : Dell has been selling computers for over 25 years with its unique, direct build-to-order, sales model. Read about Dell on pages 89–92 in our textbook and also watch the Dell Supply Chain video and answer the following questions: Why has Dell's direct..
Assignment on partial productivity : Describe how the overall productivity of the homebuilder would be calculated. In other words, how could the total productivity of all inputs be incorporated in a total productivity calculation.
Dollars needed to achieve managements target net income : For Turgo Company, variable costs are 63% of sales, and fixed costs are $185,500. Management’s net income goal is $58,071. Compute the required sales in dollars needed to achieve management’s target net income of $58,071.
Prepare the stockholders equity section of the balance sheet : On January 1, 2012, Saa Corporation had the following stockholders’ equity accounts. Common Stock (no par value, 88,000 shares issued and outstanding) $1,356,200 Retained Earnings 456,000 during the year, the following transactions occurred. Feb.
How do bond purchases tie in with the interest rates : Explain the actions of the Federal Reserve in terms of what we've learned in class--why are they holding rates low? How do bond purchases tie in with the interest rates
Calculate nikenniss net income : Nikennis Corporation has outstanding at December 31, 2012, 50,000 shares of $20 par value, cumulative, 8% preferred stock and 200,000 shares of $5 par value common stock. All shares were outstanding the entire year. Calculate Nikennis’s 2012 net inco..
Leadership issues through many lenses : Provide concrete examples to support your position along with a minimum of 5 academic sources. Your paper is to be 6-8 pages excluding cover and reference page.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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