What must total unit sales be

Assignment Help Accounting Basics
Reference no: EM132983591

Question - In 2020, X Company's profits after taxes were $179,000. In 2021, the selling price is expected to be $35.10, the variable cost per unit is expected to be $24.50, and total fixed costs are expected to be $220,000. Assuming a tax rate of 33%, what must total unit sales be in 2021 in order for X Company to earn profit after taxes of $192,000?

Reference no: EM132983591

Questions Cloud

Discuss the field of strategic human resource management : Discuss the field of strategic human resource management and influence of the COVID-19 pandemic on the HR as a function
Prepare the journal entry to record the purchase : Prepare the journal entry to record the purchase of the mine and to record the asset retirement obligation for the mine on April 1, 2020
How the design of the job could be improved : Where relevant, offer recommendations for how the design of the job could be improved?
Legal obligations bombardier management : Describe what legal obligations Bombardier management has toward members of the Bombardier bargaining unit (its employees)?
What must total unit sales be : Assuming a tax rate of 33%, what must total unit sales be in 2021 in order for X Company to earn profit after taxes of $192,000
Discuss how you would approach a situation : Coaches, counselors and mentors do not ordinarily utilize teams in their accomplishment of their objectives. However, there are times and occasions where teams
Analyse tesco method of developing employees : Analyse Tesco's method of developing it's employees. Consider the strengths and weaknesses of such a programme.
How much more will your parents have to invest each year : How much more will your parents have to invest each year for the next five years to have the necessary funds for Spender's education
Describe three capital structure issues : Question - Describe three capital structure issues that financial managers must address and explain the effects and significance of these issues

Reviews

Write a Review

Accounting Basics Questions & Answers

  What consolidating entry adjustment is necessary

In preparing the consolidated financial statements for the year ended December 31, 2019, what consolidating entry adjustment is necessary

  Determine a cost formula for utilities cost

Determine a cost formula for utilities cost using the least-squares regression method. Calculate the R2 as part of your analysis.

  Explain the expected impact on the economy

Explain the expected impact on the economy, the IRS and other factors that may be relevant. Include at least 3 references. APA format is expected

  Preparing financial statements only once every ten years

Preparing financial statements only once every ten years so that accurate measurements can be achieved is inconsistent with? the economic entity assumption.

  Determine the amount of original issue discount

On January 1 of the current year, the Orange Corporation issues $500,000 of 11%, 20-year bonds for $480,000. Determine the amount of original issue discount

  Mark macy is buying a house the house costs 250000 he

mark macy is buying a house. the house costs 250000. he plans to put 50000 down and borrow 200000 at 3 for 30 years.

  Lucie corporations purchasing manager obtained a special

lucie corporations purchasing manager obtained a special price on an aluminum alloy from a new supplier resulting in a

  Prepare a flexible budget report assuming that the company

fagan company uses a flexible budget for manufacturing overhead based on machine hours. variable manufacturing overhead

  Real interest rate one assumption

Real Interest Rate One assumption made in developing the IFE is that all investors in all countries have the same real interest rate. What does this mean?

  Prepare a schedule to determine goodwill

For internal reporting purposes, JDE employed the equity method to account for this investment.Prepare a schedule to determine goodwill, and the amortization and allocation amounts.

  Warren and spencer are partners in a drilling

warren and spencer are partners in a drilling operation.warren purchased a drilling rig to be used in the partnerships

  How much should CHERIE CORP report as shareholders equity

Mortgage payable (200,000 due in six months) $1,200,000. How much should CHERIE CORP. report as shareholders' equity on December 31, 2018

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