Redwood Corp has $90,000 of fixed costs and variable costs of 50% of sales. How much in total sales is needed to achieve a net income of $120,000?

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 36P: Faldo Company produces a single product. The projected income statement for the coming year, based...
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Kindly help me with this General accounting questions not use chart gpt please fast given solution

Redwood Corp has $90,000 of fixed costs and variable
costs of 50% of sales. How much in total sales is needed
to achieve a net income of $120,000?
Transcribed Image Text:Redwood Corp has $90,000 of fixed costs and variable costs of 50% of sales. How much in total sales is needed to achieve a net income of $120,000?
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