Question 1 of 4 < > Required sales $ -/1 ||| View Policies Current Attempt in Progress For Sheridan Company, variable costs are 67% of sales, and fixed costs are $195,000. Management's net income goal is $93,750. Compute the required sales in dollars needed to achieve management's target net income of $93,750. (Use the contribution margin approach.) :
Question 1 of 4 < > Required sales $ -/1 ||| View Policies Current Attempt in Progress For Sheridan Company, variable costs are 67% of sales, and fixed costs are $195,000. Management's net income goal is $93,750. Compute the required sales in dollars needed to achieve management's target net income of $93,750. (Use the contribution margin approach.) :
Accounting
27th Edition
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Chapter21: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 21.17EX
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![Homework for Ch 18 LO 5 - Target Net Income/Margin of Safety
Question 1 of 4
-/1 E
View Policies
Current Attempt in Progress
For Sheridan Company, variable costs are 67% of sales, and fixed costs are $195,000. Management's net income goal is $93,750.
Compute the required sales in dollars needed to achieve management's target net income of $93,750. (Use the contribution margin
approach.)
Required sales $
:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F17131f96-6adc-42bc-a824-aa6fc6cf83c6%2F39b8bbbd-36e3-4ec9-b421-27b4c8f098a1%2Ftao4omg_processed.png&w=3840&q=75)
Transcribed Image Text:Homework for Ch 18 LO 5 - Target Net Income/Margin of Safety
Question 1 of 4
-/1 E
View Policies
Current Attempt in Progress
For Sheridan Company, variable costs are 67% of sales, and fixed costs are $195,000. Management's net income goal is $93,750.
Compute the required sales in dollars needed to achieve management's target net income of $93,750. (Use the contribution margin
approach.)
Required sales $
:
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