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For Sheridan Company, variable costs are 60% of sales, and fixed costs are $193,000. Management's net income goal 15 $9 Compute the required sales dollars needed to achieve management's target net income of $99,000. (Use the contribution margin technique.) Required sales $

For Sheridan Company, variable costs are 60% of sales, and fixed costs are $193,000. Management's net income goal 15 $9 Compute the required sales dollars needed to achieve management's target net income of $99,000. (Use the contribution margin technique.) 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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Current Attempt For Sheridan Company, variable costs are 60% of sales, and fixed costs are $193,000. Management's net income goal is $99,000. Compute the required sales dollars needed to achieve management's target net income of $99,000. (Use the contribution margin technique.) Required sales $
Transcribed Image Text:Current Attempt For Sheridan Company, variable costs are 60% of sales, and fixed costs are $193,000. Management's net income goal is $99,000. Compute the required sales dollars needed to achieve management's target net income of $99,000. (Use the contribution margin technique.) Required sales $
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