Orange Corp has variable costs that are 70% of sales, current sales of $800,000, and fixed costs of $180,000. What is the amount of sales required to achieve a net income of $90,000?
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Orange corp has variable costs solve this general accounting question
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- Faldo Company produces a single product. The projected income statement for the coming year, based on sales of 200,000 units, is as follows: Required: 1. Compute the unit contribution margin and the units that must be sold to break even. Suppose that 30,000 units are sold above the break-even point. What is the profit? 2. Compute the contribution margin ratio and the break-even point in dollars. Suppose that revenues are 200,000 greater than expected. What would the total profit be? 3. Compute the margin of safety in sales revenue. 4. Compute the operating leverage. Compute the new profit level if sales are 20 percent higher than expected. 5. How many units must be sold to earn a profit equal to 10 percent of sales? 6. Assume the income tax rate is 40 percent. How many units must be sold to earn an after-tax profit of 180,000?Stellar Company has the following sales, variable cost, and fixed cost. If sales increase by $10,000 then their profit increases/ decreases by how much? Sales $50,000 Variable Costs $7,500 Fixed Costs $28,000A company's fixed operating costs are $360,000, its variable costs are $2.95 per unit, and the product's sales price is $5.10. What is the company's break-even point; that is, at what unit sales volume will its income equal its costs? Round your answer to the nearest whole number.
- Suppose ABC Corp’s break-even point is revenues of $1,100,000. Fixed costs are $660,000. Calculate the contribution margin percentage. Calculate the selling price if variable costs are $16 per unit. Suppose 75 000 units are sold, calculate the profit earned. Willo the company beprofitable if able to sell 30,000 units? Explain. What should the company do to increase its profit above break-even point.McKee Corporation has annual fixed costs of $12 million. Its variable cost ratio is 0.60.a. Determine the company’s break-even dollar sales volume.b. Determine the dollar sales volume required to earn a target profit of $3 million.Your Company's fixed expenses total $150,000, its variable expense ratio is 60% and its variable expenses are $4.50 per unit. What is the selling price?
- A company's fixed operating costs are $740,000, its variable costs are $2.25 per unit, and the product's sales price is $4.65. What is the company's break-even point; that is, at what unit sales volume will its income equal its costs? Round your answer to the nearest whole number. unitsStellar Company has the following sales, variable cost, and fixed cost. If sales increase by $10,000 then their profit increases/decreases by how much? Sales $50,000 Variable Costs $9600 Fixed Costs $27,000What amount of net income?
- What amount will net income increase?Maple Company has sales of P550,000 and has variable costs of P330,000.Fixed costs are P180,000. a. Compute the break-even point.b. Compute Maple's sales to earn a P50,000 profit.c. Compute the sales Maple would need to earn a 10% return on salesWhat amount will net income increase?