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Current Attempt in Progress For Sheridan Company, variable costs are 70% of sales, and fixed costs are $179,400. Management's net income goal is $69,000. Compute the required sales in dollars needed to achieve management's target net income of $69,000. (Use the contribution margin approach) Required sales

Current Attempt in Progress For Sheridan Company, variable costs are 70% of sales, and fixed costs are $179,400. Management's net income goal is $69,000. Compute the required sales in dollars needed to achieve management's target net income of $69,000. (Use the contribution margin approach) Required sales

FINANCIAL ACCOUNTING
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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View Policies Current Attempt in Progress For Sheridan Company, variable costs are 70% of sales, and fixed costs are $179,400. Management's net income goal is $69,000. Compute the required sales in dollars needed to achieve management's target net income of $69,000. (Use the contribution margin approach.) Required sales $
Transcribed Image Text:View Policies Current Attempt in Progress For Sheridan Company, variable costs are 70% of sales, and fixed costs are $179,400. Management's net income goal is $69,000. Compute the required sales in dollars needed to achieve management's target net income of $69,000. (Use the contribution margin approach.) Required sales $
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