Homework Help is Here – Start Your Trial Now!
Business
Accounting
Horizon Electronics is looking to achieve a net income of 20 percent of sales. Here's the company's profile: Unit sales price is $30; variable cost per unit is $18; total fixed costs are $96,000. What is the level of sales in units required to achieve a net income of 20 percent of sales?

Horizon Electronics is looking to achieve a net income of 20 percent of sales. Here's the company's profile: Unit sales price is $30; variable cost per unit is $18; total fixed costs are $96,000. What is the level of sales in units required to achieve a net income of 20 percent of sales?

Cornerstones of Cost Management (Cornerstones Series)
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 10E: Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22...
See similar textbooks
icon
Related questions
Question

Hii expert please given answer general accounting question

Horizon Electronics is looking to achieve a net income of 20 percent of sales. Here's the company's profile: Unit sales price is $30; variable cost per unit is $18; total fixed costs are $96,000. What is the level of sales in units required to achieve a net income of 20 percent of sales?
Transcribed Image Text:Horizon Electronics is looking to achieve a net income of 20 percent of sales. Here's the company's profile: Unit sales price is $30; variable cost per unit is $18; total fixed costs are $96,000. What is the level of sales in units required to achieve a net income of 20 percent of sales?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
SEE MORE TEXTBOOKS