14. IUPI produces and sells scale dinosaur figures. Total variable costs per unit are $ 5.00. Total fixed costs are $ 100,000. The company wants a net income of $ 90,000. Company taxes its income at 40%. If the company sells 50,000 units at what price should it sell.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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14. IUPI produces and sells scale dinosaur figures. Total variable costs per unit are $ 5.00. Total fixed costs are $ 100,000. The company wants a net income of $ 90,000. Company taxes its income at 40%. If the company sells 50,000 units at what price should it sell.

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Formula:

Net income = (((Selling price - variable cost)*Units sold) - Fixed cost))*(1-Tax rate)

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