User Account

All Pages

What amount of sales will necessary to earn desired profit

Assignment Help Accounting Basics
Reference no: EM132204962

Question - CMA, Inc. produces a product that has a variable cost of $2.50 per unit. The company's fixed costs are $30,000. The product is sold for $5.00 per unit and the company desires to earn a target profit of $20,000. What amount of sales will be necessary to earn the desired profit?

Reference no: EM132204962

Questions Cloud

Adjusted to incorporate diversity : How easily can an organizational culture be adjusted to incorporate diversity?
Compute the basic earnings per share : On January 1, 2018 , CDE corporation has 10,000 ordinary shares outstanding. Compute the basic earnings per share
Organizational structure or strategic planning : Which of the following comes first, organizational structure or strategic planning? Why?
Leadership styles for five stages of radical change : "Leadership Styles for Five Stages of Radical Change," consider the stages of change and what is required of a leader at each stage.
What amount of sales will necessary to earn desired profit : CMA, Inc. produces a product that has a variable cost of $2.50 per unit. What amount of sales will be necessary to earn the desired profit
Review the marketing efforts of a small business : Review the marketing efforts of a small business with which you are familiar. What are they doing well? How could they improve?
How many units would have to be sold to breakeven : The investment is expected to increase fixed costs by $15,000. Before the new investment is made, how many units would have to be sold to breakeven
Necessary to bring about desired outcomes : Describe how conflict in some cases may be necessary to bring about desired outcomes.
What are charles itemized deductions for amt purposes : Charitable contributions: $4,900. What are Charles' itemized deductions for AMT purposes? What is the amount of the AMT adjustment

Reviews

Write a Review

Accounting Basics Questions & Answers

  Is fund accounting less appropriate for businesse

Is fund accounting less appropriate for businesse

  Use a vertical statements format

Prepare income statements, balance sheets, and statements of cash flows for 2013 and 2014. Use a vertical statements format.

  Describe how they reduce a taxpayers tax liability

What is the difference between a tax deduction and a tax credit - Describe how they reduce a taxpayers tax liability.

  There are 3 ants at 3 corners of a triangle they randomly

there are 3 ants at 3 corners of a triangle they randomly start moving towards another corner. what is the probability

  Adonewale has the following standard cost to produce a king

adonewale has the following standard cost to produce a king size party sub. dm 4 lbs 3.00 per lb. 12.00 per sub dl 12

  What was the purchase price per share

If Clydesdale Corporation had reacquired the 8,000 shares of treasury stock early in 2018, what was the purchase price per share?

  Prepare journal entries to record the transaction

Prepare journal entries to record the following transaction: On June 1,2009 Kirby Inc. issued $600,000 6% bonds for $587,640 which includes accrued interest. interest is payable semiannually on February 1 and August 1 with the bonds maturing on Fe..

  What is the amount if any of deduction that she may claim

Ashley is an attorney who specializes in family law. She uses the cash method of accounting and is a calendar-year taxpayer. What is the amount, if any, of the deduction that she may claim in connection with this bad debt?

  Bank reconciliation-adjusting entries

Prepare the bank reconciliation as of May 31, 2007. Prepare the necessary adjusting entries at May 31, 2007.

  Determine the current and noncurrent portions of the lease

The annual rental payment includes P6,000 to cover maintenance costs. Determine the current and noncurrent portions of the lease liability on December 31, 2001

  Discuss the importance of cost of goods sold

Describe the alternatives the organisers have in relation to recognizing revenues. Which would you recommend and why - Discuss the importance of Cost of Goods Sold(COGS) in this case. How is it applied?

  Recorded the redemption of the bonds which were called at

downing co. produces and sells synthetic string for tennisrackets. the following transactions were completed by

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd