Calculate required sales to earn a target income of $120,000, with fixed costs of $200,000 and contribution margin ratio of 50%.
Q: A company sells goods at a mark-up of 80% on cost. The total sales revenue is $500,000. What is the…
A: A company sells goods at a markup of 80% on cost. This means that: Sales = Cost + (80% of Cost)Which…
Q: Can you help me solve this general accounting problem with the correct methodology?
A: Step 1: DefinitionsConcept of Equity Multiplier:Equity Multiplier is a financial leverage ratio that…
Q: Financial Accounting please answer
A: Step 1: Definition of Long-Term Capital Gain or Loss A long-term capital gain or loss occurs when a…
Q: I need help by experienced expert and true answer.
A: Return on Equity is basically the % of return earned on the shareholders equity raised by a firm.So,…
Q: Need answer financial accounting question
A: Let's go through the calculations step by step.Given:Standard cost per unit = $7.20Standard usage =…
Q: Correct Answer
A: Provided Data:Beginning Inventory = $7,200Purchases = $59,000Purchase Returns = $3,000Freight-In =…
Q: Please explain the solution to this general accounting problem using the correct accounting…
A: Step 1: Definition of Cash BalanceCash balance refers to the amount of money a company has on hand…
Q: Don't use ai given answer accounting and question
A: Step 1: Definition of Total Cash PaymentTotal cash payment refers to the total amount of money a…
Q: Can you solve this financial accounting problem using accurate calculation methods?
A: Step 1: Definition of Break-Even Analysis and Target ProfitBreak-even analysis helps a company…
Q: I am searching for the accurate solution to this general accounting problem with the right approach.
A: Step 1: Definition of High-Low MethodThe high-low method is used to estimate the fixed and variable…
Q: What was Vinton cost of goods manufactured ?
A: Provided Data:Finished Goods Inventory (Beginning) = $29,000Finished Goods Inventory (Ending) =…
Q: Financial accounting problem!!
A: Step 1: Definitions Concept of Contribution Margin:The contribution margin is the amount by which…
Q: A new production equipment with a purchase price of $125,000, freight costs of $12,500, setup costs…
A: Explanation of Cost Basis: Cost basis represents the total investment amount used to determine…
Q: Please explain the solution to this general accounting problem with accurate principles.
A: Step 1: Definition of Net SalesNet Sales refers to the total revenue from sales, after accounting…
Q: I am looking for the correct answer to this general accounting problem using valid accounting…
A: Step 1: Define Manufacturing Cost per UnitManufacturing cost per unit represents the total…
Q: Solution and accounting
A: Step 1: Definition of Interest ExpenseInterest Expense represents the cost incurred by a borrower…
Q: I need help solving this financial accounting question with the proper methodology.
A: Step 1: Definition of Required SalesRequired Sales is the amount of revenue a business must generate…
Q: Dear tutor solve with appropriate method. .
A: Given:Current Ratio = 2.8Acid-Test Ratio = 1.2Working Capital = $420,000Current assets include only:…
Q: Can you help me solve this general accounting question using valid accounting techniques?
A: Step 1: Definition of Inventory Turnover RatioThe inventory turnover ratio measures how many times a…
Q: The merchandise inventory of sunny retailer was destroyed by fire on November 20.
A: Concept of Beginning Inventory:Beginning inventory refers to the value of goods available for sale…
Q: Financial Accounting Question
A: 1. Profit MarginFormula:Profit Margin = (Net Income / Net Sales) × 100Calculation:Profit Margin =…
Q: Black Oil Company is trying to decide whether to lease or buy a new computer-assisted drilling…
A: Summary Answer:The maximum lease payment that Black Oil Company should accept is: $1.535 million per…
Q: I am searching for a clear explanation of this financial accounting problem with valid methods.
A: Let's calculate the budgeted net income after incorporating the proposed changes:Step 1: Original…
Q: Tomis Company's balance sheet shows: Assets $6,500 • Contributed Capital = $3,000 . Retained…
A: Step 1: Definition of Stockholders' EquityStockholders' equity represents the ownership interest in…
Q: General accounting
A: Step 1: Definition of Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL) is a…
Q: I am trying to find the accurate solution to this general accounting problem with the correct…
A: Step 1: Definition of Asset Turnover RatioThe asset turnover ratio measures how efficiently a…
Q: I am trying to find the accurate solution to this general accounting problem with appropriate…
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a financial metric used to…
Q: Please explain the solution to this general accounting problem using the correct accounting…
A: Step 1: Definition of Shareholders' Equity and Net Working CapitalShareholders' equity represents…
Q: A company reported an increase in net sales from $5.2 billion in 2021 to $5.8 billion in 2022.…
A: Step 1: Definition of Gross Profit PercentageThe gross profit percentage (also known as gross margin…
Q: Can you solve this general accounting problem with appropriate steps and explanations?
A: For tax year 2015, the Child Tax Credit (CTC) was up to $1,000 per qualifying child under age 17.…
Q: How much in fixed assets must krause have purchased ?
A: formatting:To find out how much fixed assets Krause Equipment Ltd. purchased, we use this…
Q: I need help with this general accounting problem using proper accounting guidelines.
A: Step 1: Definition of GoodwillGoodwill is an intangible asset that arises when a company acquires…
Q: For the current fiscal year, Purchases were $380,000, Purchase Returns and Allowances were $12,000,…
A: To calculate the Cost of Goods Sold (COGS), we use the formula:COGS = Beginning Inventory + Net…
Q: I am looking for help with this general accounting question using proper accounting standards.
A: Step 1: Definition of Depreciation Expense Per Mile under the Units-of-Activity MethodThe…
Q: Please provide the solution to this general accounting question with accurate financial…
A: Step 1: Definition of Preferred Stock ValuationThe price of preferred stock is typically calculated…
Q: I need the correct answer to this general accounting problem using the standard accounting approach.
A: Step 1: Definitions Concept of Current Ratio:Current Ratio is a liquidity ratio that measures a…
Q: Help with accounting
A: Step 1: Definition of Equivalent UnitsEquivalent units refer to the number of fully completed units…
Q: Please provide answer this financial accounting question
A: To compute the simple rate of return using average investment, follow these steps:Step 1: Calculate…
Q: Can you help me solve this general accounting problem using the correct accounting process?
A: Step 1: Definition of Total Asset Turnover RatioThe Total Asset Turnover Ratio is a financial…
Q: The liabilities of Underwood Corporation are $93,420. Also, common stock account is $167,500,…
A: Explanation of the Accounting Equation:The accounting equation is the foundation of double-entry…
Q: I am trying to find the accurate solution to this general accounting problem with appropriate…
A: Step 1: Define Predetermined Overhead RateThe predetermined overhead rate is calculated by dividing…
Q: Please provide the answer to this general accounting question using the right approach.
A: Step 1: Definition of Capital Lease LiabilityA capital lease liability (now called finance lease…
Q: Please explain this financial accounting problem with accurate financial standards.
A: Step 1: Definition of MarginsIn finance, margins refer to the percentages or ratios that represent…
Q: I need assistance with this general accounting question using appropriate principles.
A: Step 1: Definitions Concept of Owner's Equity:Owner's Equity (or Shareholders' Equity) represents…
Q: Please explain the solution to this general accounting problem with accurate principles.
A: Step 1: Definition of Overhead Applied to COGSOverhead applied to Cost of Goods Sold (COGS) refers…
Q: Can you help me solve this general accounting question using the correct accounting procedures?
A: To find the average inventory, use the inventory turnover ratio formula: Inventory Turnover Ratio =…
Q: Please provide the accurate answer to this general accounting problem using valid techniques.
A: Step 1: Definition of Total Cost Total cost includes all costs associated with producing a product.…
Q: Willow Café Co. purchased coffee roasting equipment for $62,000. The equipment has a salvage value…
A: Provided Data:Cost of Equipment = $62,000Salvage Value = $6,000 (used for reference but not deducted…
Q: Please explain the solution to this general accounting problem with accurate principles.
A: Step 1: Definition of EquityEquity represents the ownership interest held by shareholders in a…
Q: Can you help me solve this general accounting problem using the correct accounting process?
A: We can use the basic accounting equation: Assets = Liabilities + Stockholders' Equity Step 1:…
Can you help me solve this general accounting question using valid accounting techniques?


Step by step
Solved in 2 steps

- Assume total fixed costs of $160,000, variable costs per unit of $6, and contribution margin per unit of $4. How many units must be sold to meet a target net income of $50,000, assuming a tax rate of 20%?Please give me answer general accountingThe contribution margin ratio is 50%. If total fixed costs are \$21,000 , then what is the total cost ($) of producing and selling 55,000 units ?the selling price is 5$ per uint

