Targeted operating income

Assignment Help Accounting Basics
Reference no: EM13122805

Nichols Company has a selling price of $150 per unit, variable costs $90 per unit and total fixed costs of $300,000. The number of units that Nichols Company must sell to reach targeted operating income of $90,00 is:

a) 5,000 units

b) 6,500 units

c) 3,334 units

d) 4,334 units

Reference no: EM13122805

Questions Cloud

Straight-line-double-declining balance : Cutter Enterprises purchased equipment for $72,000 on January 1, 2006. The equipment is expected to have a five-year life, with a residual value of $6,000 at the end of five years.
Goal of achieving zero defects : Some companies implement systems to reduce defects in finished products with the goal of achieving zero defects. What are these systems called?
Write null hypothesis-alternative hypothesis for mean salary : For the following statement, write the null hypothesis and the alternative hypothesis. Also label which one is the claim.
Mathematics-linear operators : Based on exponential growth function how long will it take the world population to reach exactly 7 billion? How about 10 billion? Based on the population how long before it will reach 400 million? and 500 million?
Targeted operating income : Nichols Company has a selling price of $150 per unit, variable costs $90 per unit and total fixed costs of $300,000. The number of units that Nichols Company must sell to reach targeted operating income of $90,00 is:
The argument "hooked on facebook" : From the argument "Hooked on Facebook" write answers to the following question: What is the argument?What evidence is being used to support the argument?Is the opposing view addressed in the argument? And refuted?What, if any, appeals (emotioal, logi..
Perform hypothesis test to find evidence to support claim : Convincing evidence to support the claim that fewer than half of adult Americans can name at least one justice currently serving on the Supreme Court.
Information regarding word problem : The slope intercept formula in math form is y=mx+b. The slope in this case is m and determines how much increase there is in y from an increase in x.
Feelings such as happy or sad : Prepare a plan for a 45-minute lesson on vocabulary of character traits. You have a class of 60 students of different levels. Think how you will generate and sustain student interest, how you will group the students and how you will cater for differe..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Overhead rate-packaging-assembly departments

Tanner Bay Inc. has two departments, Assembly and Packaging. The company uses a job-order costing system and computes a predetermined overhead rate in each department. What is the predetermined overhead rate to be used in each department? Show comp..

  Prepare an anti-aging drug

Godert pharmaceutical company has several scientists working in the labs trying to prepare an anti-aging drug. The cost of this research and development

  Flexible budgets-2012 article review

Perform an Internet search using the term, flexible budgets, and locate an article (from 2012) from the results of your search.

  Effective interest method

If the effective interest method is used, by how much should the bond discount be reduced for the 6 months ended December 31, 2009?

  Information about present worth analysis

Two methods can be used for producing expansion anchors. Method A costs $80,000 initially and will have a $15,000 salvage value after 3 years.

  Entry to record poulter''s investment in the partnership

Prepare the entry to record Poulter's investment in the partnership, assuming the equipment has a fair value of $19,500.

  Business environment and concepts

Universal Company has made changes in its inventory handling policies that are expected to increase turnover from 7 to 8 times per year.

  Money market-capital market

Compare and contrast the characteristics features of the securities of money market with those of the capital market.

  Preparing cost of goods manufactured

Prepare a schedule of cost of goods manufactured for Fido Treats for the year ended December 31, 2012. Prepare an income statement for Fido Treats for the year ended December 31, 2012.

  Important risks for audit of acquisition

What are the most important risks for the audit of the acquisition and payment cycles in the automotive industry?

  Difference between kamaths and gehrs

What is the difference between Kamath's and Gehr's required rates of return? (Hint: First, find the market risk premium, then find required returns on the stocks.)

  Post the transactions to t-accounts

Post the above transactions to T-accounts. Determine the cost of goods sold for the period.  Jurvin Enterprises recorded the following transactions for the just completed month. The company  had no beginning inventories.

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!

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