GreenLeaf Grocers has monthly rent of $5,000, salaries of $12,000, and utilities of $3,000. If their desired profit is $20,000 and their contribution margin ratio is 40%, what should be their total sales?
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- How many units must be sold?Currently, Sweet Treats Bakery sells 1,200 cupcakes per month. The owners would like to increase net income above what is currently earned. Fixed costs are $1,500 per month and their contribution margin is $3 per cupcake. What would be a reasonable net income goal? O $1,800 O $2,600 O $2,100 O $5,600How many units must be sold yield a profit of 50000?
- If the current market price for selling a product at Andrew Materials is $15.50 per unit, and the company wishes to make a 12% profit, what is the target cost? HelpA product sells for $30 per unit and has a contribution margin ratio of 45%. Fixed expenses total $130,000 annually. How many units must be sold to yield a profit of $40,000?If the current market price for selling a product at Andrew Materials is $15.50 per unit, and the company wishes to make a 12% profit, what is the target cost?
- Sterling Enterprises wishes to earn an after-tax net income of $22,000. Total fixed costs are $96,000, and the contribution margin per unit is $7.50. Sterling's tax rate is 35%. What is the number of units that must be sold to earn the targeted net income?For a table manufacturing company, variable cost is $125.00 per Unit, rent is $2,544.00 per month and insurance is $1,095.00 per month. Selling price for a table is $200.00 per Unit, How much is the company contributing to covering their fixed costs or generating profits? SubmitIf the current market price for selling a product at Andrew Materials is $15.50 per unit, and the company wishes to make a 12% profit, what is the target cost? Accounting question