What sales will be required

Assignment Help Managerial Accounting
Reference no: EM132913812

Question - A company sells a product for $9.00 which has a variable manufacturing cost of $3.00 per unit. Last year, the company needed to sell 20,000 shirts to break even. Assuming the company is subject to a 40% tax rate and wishes to earn $22,500 profit after tax for the coming year, what sales will be required?

Reference no: EM132913812

Questions Cloud

What equipment after-tax net salvage value of allen air line : The used equipment can be sold today for $5.6 million, and its tax rate is 25%. What is the equipment's after-tax net salvage value?
What is the yield to call if are called in five years : Arnot International's, Which yield might investors expect to earn on these bonds, and why? What is the yield to call if they are called in 5 years?
How do calculate the net present value of the project : Calculate the Net Present Value (NPV) of this project. Amazon Web Services (AWS) is planning to invest in a new datacenter facility outside the US.
Determine their QBI deduction : Their taxable income before the QBI deduction is $440,000 (this is also their modified TI). Determine their QBI deduction
What sales will be required : Assuming the company is subject to a 40% tax rate and wishes to earn $22,500 profit after tax for the coming year, what sales will be required
What are the problems that DM Medical Corporation faced : DM Medical Corporation is a large manufacturing facility which produces electro-mechanical medical devices. What are problems that DM Medical Corporation faced
What is amount of dividend income to be presented in profit : What is the amount of dividend income to be presented in profit for the year ended December 31, 2003? Nikita Company acquired 12,500 of the outstanding share.
Calculate equivalent annual costs for selling new machine : The newer machine could be sold today for $51,500. Calculate the equivalent annual costs for selling the new machine and for selling the old machine
Calculate the size of the original loan : Peter paid off his student loan in 5 years by making payments of $400 at the beginning of every month. Calculate the size of the original loan

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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