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Determine the selling price per yogurt

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Reference no: EM131789677

Using the goal seek tool determine the selling price per yogurt that would allow Frankie's frozen yogurt to break even in terms of net income?

Frankie's Frozen Yogurt's 
Projected Income Statement for Greek Yogurt Line


Sales $20,400
Variable Costs           3,400
Fixed Costs         15,000
Earnings Before Interest and Taxes           2,000
Interest Expense           2,000
Earnings Before Taxes               -  
Taxes               -  
Net Income               -  


Additional Data
Estimated Pie Sales in Units           3,400
Price per Pie $6
Variable Cost per Pie $1
Tax Rate 35%


Operating Break-even Points
Units      3,000.00
Dollars  $ 18,000.00


Target Level of EBIT $20,000
Unit Sales Needed to Reach Target EBIT           7,000

What the actual formula is without using goal seek.

Reference no: EM131789677

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