Bolton Inc. provided the following information for Quarter 1 of 20YY: Data Table Accounts Amount Sales per unit $50 Variable cost per unit $25 Fixed costs $90,000 Determine the sales revenue (dollar) necessary to earn a profit of $500,000 in the first quarter. Group of answer choices $590,000 $23,600 $1,180,000 $180,000

Bolton Inc. provided the following information for Quarter 1 of 20YY: Data Table Accounts Amount Sales per unit $50 Variable cost per unit $25 Fixed costs $90,000 Determine the sales revenue (dollar) necessary to earn a profit of $500,000 in the first quarter. Group of answer choices $590,000 $23,600 $1,180,000 $180,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Accounts	Amount
Sales per unit	$50
Variable cost per unit	$25
Fixed costs	$90,000

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