How many units must be sold to earn net income

Assignment Help Accounting Basics
Reference no: EM133011299

Question - A company desires to sell a sufficient quantity of products to earn a profit of $220000. If the unit sales price is $16, unit variable cost is $12, and total fixed costs are $800000, how many units must be sold to earn net income of $220000?

Reference no: EM133011299

Questions Cloud

What annual total inventory management cost of inventory : It costs $22 to place and ship each order and $8.30 per year for each box. What is the annual total inventory management costs of cheese inventory.
What amount should be recorded : The land was sold for P18,000 on May 1,2017, immediately after formation of the partnership. What amount should be recorded in Kobe's capital account
How far from today would the last payment occur : If $38,000 is invested for 15 years at 9.4% compounded quarterly and then pays out $10,000, how far from today would the last payment occur
Determine the proceeds of the sale : Determine the proceeds of the sale on a six-year interest-bearing promissory note for $5,750 at 6.9% compounded monthly
How many units must be sold to earn net income : If the unit sales price is $16, unit variable cost is $12, and total fixed costs are $800000, how many units must be sold to earn net income of $220000
What is the equipment after-tax net salvage value : The used equipment can be sold today for $3.6 million, and its tax rate is 25%. What is the equipment's after-tax net salvage value?
Compute the net income attributable to viel companys : Compute the following: (A) income for operation, (B) net income, (C) net income attributable to Viel companys controlling shareholders
What is the mark-up percentage on total variable cost : The total annual fixed costs are $15 000 and the total variable cost per unit is $230, then what is the mark-up percentage on total variable cost
What a credit to unearned revenue of : What A credit to unearned revenue of? On February 1, 20x1 the Abdoll business paid Fraser $5,726 cash to complete a renovation

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the company schedule of cost of goods sold

Prepare the company's schedule of cost of goods sold for 2005. The company closes overapplied or underapplied overhead into cost of goods sold

  What is aloha total cost per t-shirt

Aloha Clothing Company is working on a line of T-Shirts. What is Aloha's total cost per T-Shirt if they sell 1,200 T-Shirts and what is their operating income?

  Financial statements and calculate ratios-perpetual system

Prepare financial statements and calculate ratios-perpetual system

  Find what is amount of raw materials used during the year

If Nestle purchased 13,860 (in millions of Swiss francs) of raw materials during the year, what is the amount of raw materials it used during the year?

  Estimating the variable and fixed components of cost

Management believes that electrical cost is a mixed cost that depends on machine-hours. Using the high-low method to estimate the variable and fixed components of this cost, these estimates would be closest to:

  List three methods to measure cost behavior

Access and review Nokia's Website (www.Nokia.com) to answer the following questions.

  Probability calculations for aircraft alternator

A certain airplane has two independent alternators to provide electrical power. The probability that a given alternator will fail on a 1-hour flight is .02. What is the probability that

  What is the entry to record repossessions

What is the entry to record defaults if no item has been repossessed? How is the Loss on repossession presented in the Income Statement?

  Explain how your chosen method would be similar

Explain how your chosen method would be similar or different from the method required for taxation purposes here in Canada

  Examine the various methods of accounting for an investment

Analyze the accounting requirements for consolidated financial information on the date of acquisition and subsequent to the date of acquisition. Examine the various methods of accounting for an investment in equity shares of another company..

  Explain what is subsequent events

Explain what is subsequent events. List two audit procedures the auditor may use to obtain sufficient audit evidence if the event was adjusting

  Compute the amount of goodwill acquired by Z

On January 1, 2020, Z Corporation acquired C Company for $450,000 cash. At the time of purchase. Compute the amount of goodwill acquired by Z

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