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vichka [17]
3 years ago
13

Cassius Corporation has provided the following contribution format income statement. Assume that the following information is wi

thin the relevant range. Sales (7,000 units) $ 210,000 Variable expenses 136,500 Contribution margin 73,500 Fixed expenses 67,200 Net operating income $ 6,300 The number of units that must be sold to achieve a target profit of $31,500 is closest to______________.
Business
1 answer:
Romashka [77]3 years ago
8 0

Answer:

9,400 units

Explanation:

The breakeven point is the number of units that must be sold for the company to make neither a loss nor a profit. A target profit is the net of the sales less the sum of the fixed and variable expenses. The contribution margin  is the difference between the sales and variable cost.

Sales per unit = $210,000/7000 = $30

Variable cost per unit = $136,500/7000 = $19.50

Let the number of units to be sold to achieve the profit target be x

30x - 19.5x - 67200 = 31500

10.5x = 98700

x = 98700/10.5

x = 9,400 units

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AURORKA [14]

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5 0
2 years ago
You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.60 = €1.00 and the dolla
kotykmax [81]

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Explanation: You must first change

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4 0
3 years ago
What is the tax penalty for no health insurance 2016?
alukav5142 [94]
$695 per adult
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6 0
3 years ago
Many homes are decorated in spring colors because these colors are deemed to be uplifting; however, most department stores do no
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8 0
3 years ago
On April 30, Gomez Services had an Accounts Receivable balance of $31,200. During the month of May, total credits to Accounts Re
Kazeer [188]

Answer:

What was the amount of credit sales during May? $ 60200

Explanation:

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5 0
3 years ago
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