QUESTION: Manny Malhotra Inc., produces and sells high quality fishing rods, with most sales recorded in locations across Northern Ontario. For this current fiscal year 19,100 fishing rods were sold resulting in $364,825 of sales revenue, $120,900 of variable costs, and $34,200 of fixed costs. Consider the information provided and determine the total sales revenue that must be earned to achieve an operating income of $187,000.
QUESTION: Manny Malhotra Inc., produces and sells high quality fishing rods, with most sales recorded in locations across Northern Ontario. For this current fiscal year 19,100 fishing rods were sold resulting in $364,825 of sales revenue, $120,900 of variable costs, and $34,200 of fixed costs. Consider the information provided and determine the total sales revenue that must be earned to achieve an operating income of $187,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Entry Rules:
Round your answers to the nearest PENNY (2 decimal places).
Use your rounded answer in ALL subsequent calculations.
Examples:
If your answer is $24,500.4746, enter 24500.47
If your answer is $24,500.4753, enter 24500.48
If your answer is $24,500.0012, enter 24500.00
Never enter $ when inputting numerical answers
QUESTION:
Manny Malhotra Inc., produces and sells high quality fishing rods, with most sales
recorded in locations across Northern Ontario.
For this current fiscal year 19,100 fishing rods were sold resulting in $364,825 of
sales revenue, $120,900 of variable costs, and $34,200 of fixed costs.
Consider the information provided and determine the total sales revenue that
must be earned to achieve an operating income of $187,000.
Your Answer:
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