New Visions, Inc. is looking to achieve a net income of 15 percent of sales. Here's the firm's profile: Unit sales price is $10; variable cost per unit is $6; total fixed costs are $40,000. What is the level of sales in units required to achieve a net income of 15 percent of sales? A) 12,000 units B) 21,000 units C) 16,000 units D) 20,000 units

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter14: Capital Structure Management In Practice
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Hi expert please give me answer general accounting

New Visions, Inc. is looking to achieve a net income of 15
percent of sales. Here's the firm's profile: Unit sales price
is $10; variable cost per unit is $6; total fixed costs are
$40,000. What is the level of sales in units required to
achieve a net income of 15 percent of sales?
A) 12,000 units
B) 21,000 units
C) 16,000 units
D) 20,000 units
Transcribed Image Text:New Visions, Inc. is looking to achieve a net income of 15 percent of sales. Here's the firm's profile: Unit sales price is $10; variable cost per unit is $6; total fixed costs are $40,000. What is the level of sales in units required to achieve a net income of 15 percent of sales? A) 12,000 units B) 21,000 units C) 16,000 units D) 20,000 units
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