How would I calculate this?? please any help would be greatly appreciated!! Jellico Inc.'s projected operating income (based on sales of 450,000 units) for the coming year is as followsTotalSales$11,700,000Total variable cost8,190,000Contribution margin$3,510,000Total fixed cost2,254,200Operating income$1,255,800How many units must be sold to earn an operating income (profit) of $296,400?

Break-even analysis is a technique used widely by production management. It helps to determine the…

Jellico Inc.'s projected operating income (based on sales of 450,000 units) for the coming year is as fo Total Sales $11,700,000 Total variable cost 8,190,000 Contribution margin $3,510,000 Total fixed cost 2,254,200 Operating income $1,255,800 How many units must be sold to earn an operating income (profit) of $296,400?

Jellico Inc.'s projected operating income (based on sales of 450,000 units) for the coming year is as fo Total Sales $11,700,000 Total variable cost 8,190,000 Contribution margin $3,510,000 Total fixed cost 2,254,200 Operating income $1,255,800 How many units must be sold to earn an operating income (profit) of $296,400?

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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Gibson Corporation’s balance sheet indicates that the company has $580,000 invested in operating assets. During the year, Gibson earned operating income of $67,280 on $1,160,000 of sales. Required Compute Gibson’s profit margin for the year. Compute Gibson’s turnover for the year. Compute Gibson’s return on investment for the year. Recompute Gibson’s ROI under each of the following independent assumptions:(1) Sales increase from $1,160,000 to $1,392,000, thereby resulting in an increase in operating income from $67,280 to $76,560.(2) Sales remain constant, but Gibson reduces expenses, resulting in an increase in operating income from $67,280 to $69,600.(3) Gibson is able to reduce its invested capital from $580,000 to $464,000 without affecting operating income.