What amount of sales must be made to produce target income

Assignment Help Accounting Basics
Reference no: EM131814217

Question: Watson Company has monthly fixed costs of $85,000 and a 40% contribution margin ratio. If the company has set a target monthly income of $15,200, what dollar amount of sales must be made to produce the target income? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131814217

Questions Cloud

Average-marginal tax rates on taxable income : What are Dakota’s average and marginal tax rates on taxable income?
Explain what do the findings tell you about financial health : Explain what do the findings tell you about the financial health of the company? How does your selected company compare to the industry?
Determine which stakeholder groups have the most influence : Determine which stakeholder groups have the most influence on each of the elements identified in the formal SWOT analysis, and provide an explanation.
The preceding transactions in the general journal : Record the preceding transactions in the general journal, Make the necessary adjustments
What amount of sales must be made to produce target income : Watson Company has monthly fixed costs of $85,000 and a 40% contribution margin ratio. If the company has set a target monthly income of $15,200.
Explain about the change management in health care : Identify a research area and then develop a thesis statement for your research psper.
Journalize the assignment of overhead to the assembly : Weber Company purchases $54,100 of raw materials on account, and it incurs $64,900 of factory labor costs.
Explain how you would apply moneyballs management lessons : Explain how you would apply Moneyball's management lessons in your own endeavors. Why sabermetric-based player evaluation is such a shock to other executives?
What is the amount of increase in Wendell retained earnings : Wendell Company provided the following pertaining to its accounting year that ended December 31, 2016: Common stock with a $10,000 par value was sold.

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