Answered: Horizon Corp. desires a net income of…

Horizon Corp. desires a net income of $420,000. The company has $1,200,000 of fixed costs and variable costs of 65% of sales. What is the required sales to achieve the desired net income?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 36P: Faldo Company produces a single product. The projected income statement for the coming year, based...

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Horizon Corp. desires a net income of $420,000. The company has
$1,200,000 of fixed costs and variable costs of 65% of sales.
What is the required sales to achieve the desired net income?

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