1. Brook company desires net income of $360,000 when it has $1,000,000 of fixed costs and variable costs of 60% of sales. What is the required sales? 2. Brooke company desires net income of $360,000 when it has a $1,000,000 of fixed costs and variable costs of 60% of sales. What is the contribution margin?
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- Please give me answer this general accounting questionProvide solution this general accounting questionSuppose a ceiling fan manufacturer has the total cost function C(x) = 35x + 1200 and the total revenue function R(x) = 65x. (a) What is the equation of the profit function P(x) for this commodity? P(x) = (b) What is the profit on 20 units? P(20) = Interpret your result. The total costs are less than the revenue. The total costs are more than the revenue. The total costs are exactly the same as the revenue. (c) How many fans must be sold to avoid losing money? fans
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