Target net income during 2020?? You are given the following information about XX Company in2020:The company's fixed costs are expected to be $158,000, theselling price per unit is $13, and while the variable cost per unitis $4.The company wants to earn a net income of $65,000 daring 2020.The required sales units to meet the target net income during2020 is (rounded up to the nearest whole number)

Problem Recap:We are tasked with finding the required sales units for XX Company in 2020 to achieve…

Answered: You are given the following information…

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter4: Preparing And Using Financial Statements

Section: Chapter Questions

Problem 1gM

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You are given the following information about XX company in 2020
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You have the following information about a company in 2021: Total Costs were $174.7 million. Assume the Variable Costs were 60% and the rest were Fixed Costs. Sales Volume in thousands was 361.7 and will not change in the future. Cost inflation in 2022 was 5%. What was the variable cost per unit in 2022? Select one: O A. $290.1 O B. $105.2 O C. $483.5 O D. $304.3
Oriole Inc. earned operating income of $110,000 during 2021. The company wants to earn operating income of $154,000 during 2022. Its fixed costs are expected to be $61,600, and variable costs are expected to be 30% of sales. (a) Determine the required sales to meet the target operating income during 2022. Required sales $
Please provide answer this general accounting question
Cullumber Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2,990 units Sales price $40 per unit Variable costs $20 per unit Fixed costs $35,880 If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its sales if selling price per unit, variable price per unit and total fixed costs remain constant? Total increase in sales required:
A company requires $1400000 is sales to meet its net income target. Its contribution margin is 50% and fixed costs are $300000. What is the company's target net income?
Cullumber Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2,990 units Sales price $40 per unit Variable costs $20 per unit Fixed costs $35,880
Solve this general accounting question
Can you please provide correct answer the general accounting question?
Rampart's had net income in 2020 of $120,000. Rampart's variable costs were 20% of its total revenue. Total fixed costs were $200,000 in 2020. What is the company's breakeven point in units if its product sells for $4 per unit?
If the current market price for selling a product at Andrew Materials is $15.50 per unit, and the company wishes to make a 12% profit, what is the target cost? Accurate answer

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