NK Pty Ltd manufactures tennis shoes. The following data is from the past six months: Month Volume Revenue Cost March 101,396 $253,490 $244,070 April 120,040 $300,100 $297,907 May 151,916 $379,790 $350,162 June 151,467 $378,668 $351,128 July 115,702 $289,255 $286,874 August 129,935 $324,838 $310,459 Assume you are a junior management accountant working for NK Ltd. Your manager tells you that the owners of the business are unhappy with the 6 month profit total. They have demanded that after tax profit is at least $23,800 every month. The tax rate is 30%. Approximately how many pairs of tennis shoes does the firm need to sell each month in order to hit the owners’ profit target? Group of answer choices 137,345 168,427 179,582 162,844
NK Pty Ltd manufactures tennis shoes. The following data is from the past six months: Month Volume Revenue Cost March 101,396 $253,490 $244,070 April 120,040 $300,100 $297,907 May 151,916 $379,790 $350,162 June 151,467 $378,668 $351,128 July 115,702 $289,255 $286,874 August 129,935 $324,838 $310,459 Assume you are a junior management accountant working for NK Ltd. Your manager tells you that the owners of the business are unhappy with the 6 month profit total. They have demanded that after tax profit is at least $23,800 every month. The tax rate is 30%. Approximately how many pairs of tennis shoes does the firm need to sell each month in order to hit the owners’ profit target? Group of answer choices 137,345 168,427 179,582 162,844
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
NK Pty Ltd manufactures tennis shoes. The following data is from the past six months:
Month |
Volume |
Revenue |
Cost |
March |
101,396 |
$253,490 |
$244,070 |
April |
120,040 |
$300,100 |
$297,907 |
May |
151,916 |
$379,790 |
$350,162 |
June |
151,467 |
$378,668 |
$351,128 |
July |
115,702 |
$289,255 |
$286,874 |
August |
129,935 |
$324,838 |
$310,459 |
Assume you are a junior
Approximately how many pairs of tennis shoes does the firm need to sell each month in order to hit the owners’ profit target?
Group of answer choices
137,345
168,427
179,582
162,844
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