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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

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

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