Newell Company wishes to earn a pre-tax income of $30,000. Total fixed costs are $84,000, and the contribution margin per unit is $6.00. How many units must be sold to earn the targeted net income? a. 21,500 b. 17,000 c. 19,000 d. 14,000

Newell Company wishes to earn a pre-tax income of $30,000. Total fixed costs are $84,000, and the contribution margin per unit is $6.00. How many units must be sold to earn the targeted net income? a. 21,500 b. 17,000 c. 19,000 d. 14,000

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 4CE: Olivian Company wants to earn 420,000 in net (after-tax) income next year. Its product is priced at...

See similar textbooks

Related questions

Q: Please give me answer Accounting

A: Step 1: Define Key VariablesStep 2: Calculate Medicaid RevenueStep 3: Calculate Private Pay…

Q: What was Black Keys' stockholders' equity at the end of the year on these general accounting…

A: Step 1: Define Stockholders' EquityThe stockholders' equity accounts show investors in a company the…

Q: Items with minimal sales value are known as Select one: a. ending work-in-process units b.…

A: In accounting, there are several terms used to describe items with different levels of sales value.…

Q: Need help with this general accounting question not use ai and chatgpt

A: Step 1: Define Cash Flow StatementIn the context of accounting, the cash flow statement for a firm…

Q: ??

A: Explanation of Unit of Measurement Assumption:The unit of measurement assumption in accounting…

Q: Please need help with this accounting question not use chatgpt

A: Step 1: Define Work in progressWork in process describes the value of labor, raw materials and other…

Q: General Accounting

A: Step 1: Define User Cost of CapitalThe user cost of capital consists of two parts. One is the…

Q: Need HElp with Accounting MEtter

A: Question 1: Absorption vs. Variable Costing Step 1: Understand the Key ConceptsAbsorption…

Q: Accounting Question

A: Step-by-Step Process:Calculate Current Total Cost per Unit:Total Cost for 35,000 units = $16,635,000…

Q: Determine the total job amount.

A: Explanation of Equipment Hours: Equipment hours represent the time duration for which specific…

Q: I want to correct answer general accounting

A: Step 1: Define Inventory CostInventory cost determines the profit that can be made on the inventory.…

Q: vnt

A: Key Details and Transactions Analysis:Net Assets at the Beginning of the Year:Net assets without…

Q: I want to correct answer accounting

A: Step 1: Define Prediction of OperationPrediction of operations in a company means anticipating the…

Q: Hello tutor please provide this question solution general accounting

A: Step 1: Define High-Low MethodIn the context of accounting, the high-low method is one of the two…

Q: Hi expert please give me answer general accounting

A: Step 1: Issuing the Shares above their par value increases the Common Stock (at par value) and also…

Q: The following information is for however company...given answer Accounting

A: Step 1: Define Financial RatiosFinancial ratios are fundamental as they serve various crucial…

Q: Extreme Sports received a special order for 1,000 units of its extreme... Solve these general…

A: Step 1: Define Relevant CostWhile evaluating a business opportunity or an investment, relevant cost…

Q: Assets Cash FORTEN COMPANY Comparative Balance Sheets December 31 Accounts receivable Inventory…

A: 1. Calculate Net IncomeThis is the starting point for the indirect method of the cash flow…

Q: Can you answer this accounting question?

A: a. • Step 1: Subtract variable cost per unit from selling price per unit• Step 2: Divide the result…

Q: ROA

A: Explanation of Net Income:Net income represents the profit a company earns after deducting all…

Q: I need answer Accounting question

A: Step 1: Define DividendsDividends are not recorded on the balance sheet or income statement and only…

Q: Financial accounting 7.3

A: Step 1: Identify the sales amounts for breakfast, lunch, and dinner.Step 2: Exclude the amount for…

Q: Please give me answer Accounting

A: a. Using the High-Low Method to Estimate the Cost FormulaThe High-Low method estimates the cost…

Q: Determined the predetermined OVERHEAD RATE

A: Explanation of Predetermined Overhead Rate: A predetermined overhead rate is a calculated rate used…

Q: Ortiz co.produces 5,000...accounting questions

A: Step 1: Define Relevant CostsAll those costs that are affected when a business decision is taken are…

Q: Bichom company manufactures two ....given answer Accounting

A: Step 1: Define Setup CostsSetup costs are the form of expenses that are incurred in relation to…

Q: Please need help this financial accounting question

A: Step 1: Define Notes PayableNotes Payable is a type of debt or liability evidenced by issuance of…

Q: I need questions answers accounting

A: Step 1: Define Variance AnalysisThe variance analysis is usually used for resources such as direct…

Q: Hi expart Provide correct solution for these accounting question

A: Step 1: Define Equity MultiplierThe equity multiplier ratio for a firm is indicative of its…

Q: A plant site donated by a city to a manufacturer that plans to open a new factory should be recorded…

A: In accounting, assets are recorded at their historical cost, which is the amount paid to acquire…

Q: What are the budgeted cash receipts from sales on account for may on these financial accounting…

A: Step 1: Define Budgeted Cash ReceiptsBudgeted cash receipts help in determining the amount of cash…

Q: Make a balance sheet with this.

A: AssetsAssets are the resources that the business owns and uses to operate. These include cash,…

Q: Financial Accounting Question please answer

A: Step 1: Define Ending EquityEnding Equity is described as an amount left after having all the…

Q: The reynolds corporation buys form it's suppliers on..accounting question

A: Step 1: Define Compensating BalanceCompensating balance refers to the least amount that should be…

Q: General Accounting

A: Step 1: Define Manufacturing OverheadManufacturing overhead is an indirect production cost that…

Q: Provide correct answer the general accounting question

A: Step1 : Define Accounting for Sales:In accounting, sales are the most significant part of business…

Q: Wrong answer will get unhelpful rate

A: Question 1: Operating Cash FlowGiven:Sales Revenue = $200,000,000Cost of Goods Sold =…

Q: Surfs up a manufactur..Accounting question

A: 1) Debt to Equity RatioDebt to Equity Ratio = Total Liabilities / Total Stockholders' EquityDebt to…

Q: Multinational Accounting

A: Explanation of Unit of Measurement Assumption: The unit of measurement assumption is a fundamental…

Q: The Kare Counseling Center was Incorporated as a not-for-profit organization 10 years ago. Its…

A: Updated Statement of Activities (Corrected):KARE COUNSELING CENTERWithout Donor RestrictionsWith…

Q: Problem 13-53 (LO 13-1) (Static) Haley has an annual salary of $1,000,000 in 2021, 2022, and 2023.…

A: We determine the minimum number of years of service that would maximize Haley's benefit under the…

Q: Accounting question

A: Step 1: Define Asset Turnover Ratio Step 2: Given DataSales = $665,210 millionAverage Total Assets =…

Q: General Finance Question Solution

A: Step 1: Identify the key values• Loan amount = $300,000• Nominal interest rate = 10%• Compensating…

Q: Accounting question please solve answer

A: Step 1:Computation of the total liabilities: Total liabilities = Current liabilities + Long-term…

Q: Received bills totaling $1320 for grand opening/fourth of July party. The bill from party rentals…

A: In this transaction, there are three accounts involved. They are:Party Expenses: This account will…

Q: Assume is Elaine is in the 37% marginal income tax bracket and the 20% bracket for long-term capital…

A: #1. Like-Kind Exchange (Section 1031)Recognize Gain? Generally, exchanges of like-kind business or…

Q: Please provide this question solution general accounting

A: Step 1: Calculate the total selling price:Selling price per motorcycle = $1,600Total selling price =…

Q: Get correct answer general accounting

A: Step 1: a) Gross Profit Gross profit can be calculated by subtracting the cost of merchandise sold…

Q: Account Question

A: Explanation of FIFO (First-In, First-Out):FIFO stands for First-In, First-Out, which is a method of…

Q: Black keys company began.... Accounting question

A: Step 1: Define The Statement of Retained EarningsAlso known as the statement of stockholders'…

Question

Newell company wishes to earn a pre tax income please solve this question

Newell Company wishes to earn a pre-tax income of
$30,000. Total fixed costs are $84,000, and the
contribution margin per unit is $6.00. How many units
must be sold to earn the targeted net income?
a. 21,500
b. 17,000
c. 19,000
d. 14,000

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Zachia Ltd provides the following data regarding its four product lines: Product Sales mix Weighted average contribution margin per unit (WACMU) Fixed costs Desired profit after tax w Y 60 20 15 $13.7 $71,000 $33,950 The corporate tax rate is 30% Required Calculate the number of units of Product X that must be sold in order to achieve the desired after-tax profit?
Please help me figure a-e
2.
unland Company sells 200000 units for $10 a unit. Fixed costs are $350000 and net income is $250000. What should be reported as variable expenses in the CVP income statement? O $1400000. O $1750000. D$600000. O $1650000.
I want answer
If the contribution margin on the firm's single product is $2.00 per unit and fixed costs are $60.000, what will the firm's net income be at sales of 30.000 units? Mutiple Choice O O $90.000 $30,000 $15.000 9
If the selling price per unit is $50, the variable expense per unit is $20, and total fixed expenses are $260,000, what are the breakeven sales in dollars? A. $433,333 B. $650,000 OC. $185,714 ⒸD. $156,000
The following information is for Corp: Selling price $60 per unit Variable costs $40 per unit Total fixed costs $125,000 If targeted operating income is $50,000 , then targeted sales revenue is how much?
Consider the following: Fixed expenses P78,000; Unit contribution margin 12;Target net profit 42,000. How many unit sales are required to earn the target net profit? A. 15,000 unitsB. 10,000 unitsC. 12,800 unitsD. 20,000 units
Bramble Corp. has a weighted-average unit contribution margin of $30 for its two products Standard and Supreme. Expected sales for Bramble are 60000 Standard and 40000 Supreme. Fixed expenses are $1950000. At the expected sales level, Bramble's net income will be O $3000000. O$750000. O $(450000). $1050000. e Textbook and Media
The following annual information is for Dexter Corporation: Product A Revenue per unit: $20.00 Variable cost per unit: $15.00 Total fixed costs: $100,000 How many units does the company have to sell to achieve an after tax income of $75,000 if the income tax rate is 25%?
Need Step by step answer