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A company desires a net income of $950,000 when it has $2,800,000 of fixed costs and variable costs of 65% of sales. What are the required sales? a. $3,500,624.27 b. $8,200,570.89 c. $10,714,285.71 d. $12,000,057.54

A company desires a net income of $950,000 when it has $2,800,000 of fixed costs and variable costs of 65% of sales. What are the required sales? a. $3,500,624.27 b. $8,200,570.89 c. $10,714,285.71 d. $12,000,057.54

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 17E
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What are the required sales?

A company desires a net income of $950,000 when it has $2,800,000 of fixed costs and variable costs of 65% of sales. What are the required sales? a. $3,500,624.27 b. $8,200,570.89 c. $10,714,285.71 d. $12,000,057.54
Transcribed Image Text:A company desires a net income of $950,000 when it has $2,800,000 of fixed costs and variable costs of 65% of sales. What are the required sales? a. $3,500,624.27 b. $8,200,570.89 c. $10,714,285.71 d. $12,000,057.54
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