Foster Corp. had $178,500 of net income in 2022 when the selling price per unit was $160, the variable costs per unit were $95, and the fixed costs were $710,000. Management expects per unit data and total fixed costs to remain the same in 2023. The president of Foster Corp. is under pressure from stockholders to increase net income by $115,200 in 2023. Compute the number of units sold in 2022.
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- Cullumber Company had $172,300 of net income in 2024 when the unit selling price was $154, the unit variable costs were $93, and the fixed costs were $571,900. Management expects per unit data and total fixed costs to remain the same in 2025. The president of Cullumber Company is under pressure from stockholders to increase net income by $48,800 in 2025. (a) x Your answer is incorrect. Compute the number of units sold in 2024. Sales in 2024 1220 unitsIvanhoe Company had $177,900 of net income in 2024 when the unit selling price was $154, the unit variable costs were $98, and the fixed costs were $572,500. Management expects per unit data and total fixed costs to remain the same in 2025. The president of Ivanhoe Company is under pressure from stockholders to increase net income by $93,800 in 2025. (a) Compute the number of units sold in 2024. Sales in 2024 unitsCarla Vista Company had $212,200 of net income in 2024 when the unit selling price was $151, the unit variable costs were $95, and the fixed costs were $571,800. Management expects per unit data and total fixed costs to remain the same in 2025. The president of Carla Vista Company is under pressure from stockholders to increase net income by $84,000 in 2025. (a) Compute the number of units sold in 2024. Sales in 2024 units
- Compute the number of units soldCarla Vista Company had $212,200 of net income in 2024 when the unit selling price was $151, the unit variable costs were $95, and the fixed costs were $571,800. Management expects per unit data and total fixed costs to remain the same in 2025. The president of Carla Vista Company is under pressure from stockholders to increase net income by $84,000 in 2025. Compute the number of units that would have to be sold in 2025 to reach the stockholders' desired net income. Units needed in 2025 unitsCarla Vista Company had $212,200 of net income in 2024 when the unit selling price was $151, the unit variable costs were $95, and the fixed costs were $571,800. Management expects per unit data and total fixed costs to remain the same in 2025. The president of Carla Vista Company is under pressure from stockholders to increase net income by $84,000 in 2025. Assume that Carla Vista Company sells the same number of units in 2025 as it did in 2024. What would the unit selling price have to be in order to reach the stockholders' desired net income, assuming the unit variable costs and fixed costs remain at 2024 levels? New unit selling price $
- Wildhorse Company had $273,300 of net income in 2019 when the selling price per unit was $155, the variable costs per unit were $90, and the fixed costs were $571,700. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Wildhorse Company is under pressure from stockholders to increase net income by $39,000 in 2020. (A) Compute the number of units sold in 2019. Type your answer here units (B) Compute the number of units that would have to be sold in 2020 to reach the stockholders’ desired profit level. Type your answer here units (C) Assume that Wildhorse Company sells the same number of units in 2020 as it did in 2019. What would the selling price have to be in order to reach the stockholders’ desired profit level? New selling price $Type your answer hereSM Company had $150,000 of net income in 2020 when the selling price per unit was $150, the variable costs per unit were $90, and the fixed costs were $570,000. Management expects per unit data and total fixed costs to remain the same in 2021. The president of SM Company is under pressure from stockholders to increase net income by $60,000 in 2021. Instructions (a) Compute the number of units sold in 2020. (b) Compute the number of units that would have to be sold in 2021 to reach the stockholders’ desired profit level. (c) Assume that SM Company sells the same number of units in 2021 as it did in 2020. What would the selling price have to be in order to reach the stockholders’ desired profit level?MBI Incorporated had sales of $35 million for fiscal 2022. The company's gross profit ratio for that year was 26%. Required: a. Calculate the gross profit and cost of goods sold for MBI for fiscal 2022. b. Assume that a new product is developed and that it will cost $469 to manufacture. Calculate the selling price that must be set for this new product if its gross profit ratio is to be the same as the average achieved for all products for fiscal 2022. c. From a management viewpoint, it could use the estimated selling price as a "target" in conducting marketing research studies to assess its ultimate prospects for success at this price. Complete this question by entering your answers in the tabs below. Required A Required B Required C From a management viewpoint, it could use the estimated selling price as a "target" in conducting marketing research studies to assess its ultimate prospects for success at this price.
- Compute the number of unitsCompute the number of units sold in 2016??Oriole Inc. earned operating income of $110,000 during 2021. The company wants to earn operating income of $154,000 during 2022. Its fixed costs are expected to be $61,600, and variable costs are expected to be 30% of sales. (a) Determine the required sales to meet the target operating income during 2022. Required sales $