X Company had the following information available for 2020: Number of units sold 32,000 units Selling price per unit S1,250

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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11:57 O P
* ll 95% i
4G+
Not 11431031@students.liu.edu.lb? Switch
account
* Required
CVP Relations
X Company had the following information
available for 2020:
Number of units sold
32,000 units
Selling price per unit
S1.250
Variable cost per unit
$750
Total fixed costs
$14,000,000
Based on the above, the unit contribution
margin is: *
40%
$500
$16,000,000
None of the above
Based on the above, the break-even point
Transcribed Image Text:11:57 O P * ll 95% i 4G+ Not 11431031@students.liu.edu.lb? Switch account * Required CVP Relations X Company had the following information available for 2020: Number of units sold 32,000 units Selling price per unit S1.250 Variable cost per unit $750 Total fixed costs $14,000,000 Based on the above, the unit contribution margin is: * 40% $500 $16,000,000 None of the above Based on the above, the break-even point
11:58 A E
4* l 95% i
Y14,000,000
$35,000,000
$40,000,000
None of the above
Based on the above, how many units should
the company sell to earn net income of
$3,500,000? *
35,000 units
14,000 units
28,000 units
None of the above
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Transcribed Image Text:11:58 A E 4* l 95% i Y14,000,000 $35,000,000 $40,000,000 None of the above Based on the above, how many units should the company sell to earn net income of $3,500,000? * 35,000 units 14,000 units 28,000 units None of the above Page 5 of 10 Вack Next Never submit passwords through Google Forms. This form was created inside of Lebanese International University. Report Abuse Google Forms
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