Peak performance Inc. Has the following data for its product: please answer the accounting question Peak Performance Inc. has the following data for its product:Revenue per unit: $150Variable costs per unit: $50Total fixed costs: $60,000Tax rate: 25%Desired after-tax profit: $120,000What is the number of units that Peak Performance Inc. must sell to earnthe desired after-tax profit?

Step 1: Define Target Sales in UnitsTarget Sales in Units refers to the number of units a company…

Answered: Peak Performance Inc. has the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Find out BEP in units and value with the following data:Fixed cost - $50000Variable cost - $40 per unitSelling Price - $80 per unitCalculate:1) What will be the profit when the sales is $1000002) What will be the amount of sales if it desires to earn a profit of $15000
Marigold Corp. is using the target cost approach on a new product. Information gathered so far is as follows: Expected annual sales Desired profit per unit Target cost What is the unit selling price? O $0.30 O $0.64 O $0.62 O $0.32 500000 units $0.32 $150000
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?
What amount sales is necessary to earn desired profit?
How do I solve this question?
A company produces and sells a product. The company has found that the costto produce x units of the product is given by C(x) = 50x + 200 (in dollars),and the revenue from selling x units is given by R(x) = 100x - x? (in dollars).What is the number of units the company should produce and sell to maximize profit
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Subject :- Accounting
What is the desired profit for the year on these general accounting question?

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Peak Performance Inc. has the following data for its product: Revenue per unit: $150 Variable costs per unit: $50 Total fixed costs: $60,000 Tax rate: 25% Desired after-tax profit: $120,000 What is the number of units that Peak Performance Inc. must sell to earn the desired after-tax profit?