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How many baskets will sharon have to sell this year

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Question 1 - Blossom Dish Printery publishes the best-selling Captain Cajun Cookbook that sells for $8. The company incurs variable costs of $2 per cookbook and total fixed costs are $261,400. If the company's tax rate is 20%, how many cookbooks must be sold to generate $181,000 in net income?

Question 2 - Three years ago, Sharon Lee started a business that creates and delivers holiday and birthday gift baskets to students at the local university. Sharon sells the baskets for $28 each, and her variable costs are $18 per basket. She incurs $13,200 in fixed costs each year. How many baskets will Sharon have to sell this year if she wants to earn $26,000 in operating income?

Reference no: EM133123446

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