User Account

All Pages

What amount of sales is needed to produce this target income

Assignment Help Accounting Basics
Reference no: EM132049574

Question - Hudson Co. reports the contribution margin income statement for 2015.

HUDSON CO. Contribution Margin Income Statement

For Year Ended December 31, 2015

Sales (8,700 units at $340 each) $ 2,958,000

Variable costs (8,700 units at $221 each) 1,922,700

Contribution margin $ 1,035,300

Fixed costs 809,200

Pretax income $ 226,100

a) Assume Hudson Co. has a target pretax income of $154,000 for 2016. What amount of sales (in dollars) is needed to produce this target income?

b) If Hudson achieves its target pretax income for 2016, what is its margin of safety (in percent)?

Reference no: EM132049574

Questions Cloud

Considering developing new networking product : Quisco is considering developing a new networking product in house at a cost of $ 513 million.?
Write annotated summary of each article : Review at least 4 articles on Balanced Scorecard and complete the following activities: Write annotated summary of each article. Use APA throughout.
How did persecutions impact christianity : What factors determined if a book was accepted as an official gospel? How did the church benefit from Constantine's actions?
Calculate diluted earnings per share : Calculate diluted earnings per share for 2013 and the incremental EPS of the preferred stock and convertible bonds
What amount of sales is needed to produce this target income : Assume Hudson Co. has a target pretax income of $154,000 for 2016. What amount of sales (in dollars) is needed to produce this target income
Talking about the rights of women in marriage : Talking about the rights of women in marriage, divorce, education, birth control, abortion, politics, and love life to name a few.
Points using the mean and median information : What could be inferred about the distribution of this sample points using the mean and median information?
How easily can reestablish proficiency : Memorability: When users return to the design after a period of not using it, how easily can they reestablish proficiency?
Recommended dosage for neonates receiving ceftazidime : The recommended dosage for neonates receiving ceftazidime (Tazidime) is 30mg/kg/q12h. What is the safe daily dosage for an infant weighing 12lbs?

Reviews

Write a Review

 

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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