What are the required sales if montoya desires net income

Assignment Help Accounting Basics
Reference no: EM13137747

Montoya manufacturing has fixed costs of $1,800,000 and variable costs are 40% of sales. What are the required sales if Montoya desires net income of $180,000?

Reference no: EM13137747

Questions Cloud

What factor could explain big bob ground beef variances : For the most recent week (Big Bob's is open 7 days a week), Big Bob served 1,200 1-pound hamburgers using 1,250 pounds of ground beef for the 1,250 pounds of ground beef. In addition, Big Bob paid his supplier $3.20 per pound of ground beef for th..
What is chipper maximum cost recovery deduction : Chipper, a calendar-year corporation, purchased new machinery for $475,000 in February, 2010. In October, it purchased $725,000 of used machinery. What is Chipper™s maximum cost recovery deduction for 2010?
What amount of loss on realization : After all noncash assets are sold and all liabilities are paid, there is a cash balance of $130,000. What amount of loss on realization should be allocated to Soledad?
Meaning of professional full-time legislatures : Discuss the meaning of professional full-time legislatures and amateur or citizen part-time legislatures.
What are the required sales if montoya desires net income : Montoya manufacturing has fixed costs of $1,800,000 and variable costs are 40% of sales. What are the required sales if Montoya desires net income of $180,000?
Computing the second moment of area : It is necessary to design a square-section composite bar that will withstand an applied load without deflecting more than a specified amount.The design specification for the bar, including its dimensions and loading criteria, is given below.
Optional request information : Optional request information can include: time or time window, connecting cities, client preferences, e.g., airlines, flight types, etc. the request can be narrowed to request availability for a specific airline, specific flight, or specific booking ..
Different primary election structures : Discuss and compare the different primary election structures. Be sure to include the role of the runoff primary in some states.
Provisions relating to the division of net income : Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary a..

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the break-even point (bep)

What is the break-even point (BEP) and why is it important?  What is the Contribution Margin (CM) and why is it important?

  Deductions independent contractors

Which of the following best describes the deductions independent contractors may claim for valid business reasons?

  Net operating loss to be carried forward

After applying the net operating losses for 2006, 2009 and 2010 to prior years ( if and where permitted), what amount, if any, is available as a net operating loss to be carried forward to future years?

  What are peggy transfer tax consequences in

In 2007, Peggy, a widow, places $3 million in trust, life estate to her children, reminder to her grandchildren, but retains the right to revoke the trust. In 2010, when the trust is worth $3.1 million, Peggy rescinds her right to revoke the trust..

  Discuss relevance of budgeting

Discuss the relevance of budgeting as it relates to the accounting profession in general. Relate lessons learned from a self-selected reading or from something you learned while working on your accounting profession in general.

  Financial impact of buying ct unit

The user has updated the question: User's response: Calculate the financial impact of buying a CT unit that would cost $3.0 million, would have a five-year useful life, would have a 10 percent salvage value.

  Prepare a classified year-end balance sheet

Prepare a classified year-end balance sheet. (Note: A $22,000 installment on the long-term note payable is due within one year.)

  Determining total manufacturing costs

Horatio Ltd. uses job order costing to measure and track product costs. Horatio has determined that machine hours drive its manufacturing overhead costs. During the month of June, the following data were available for Product #80:

  Calculate cost of new common equity

Calculate the firm's cost of retained earrings and the cost of new common equity. Calculate the break-point associated with retained earnings.

  Determine the payback period for this investment

Lenitnes Company is considering an investment in technology to improve its operations. The investment will require an initial outlay of $250,000 and will yield the following expected cash flows.

  Analysis of agency

Identify a public agency - either at the local, state, or federal levels - that has undergone significant change in the last 25 years. You may choose an agency that you have had personal experience with, or you may choose a public agency that you ..

  From which of the following may the auditor liability arise

Contract law is the basis for the legal liability at common law of an auditor to his/her client. From which of the following may the auditor's liability arise?

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