How many receivers must crest sell, Accounting Basics

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How many receivers must crest sell

Crest Industries sells a single model of satellite radio receivers for use in the home. The radios have the following price and cost characteristics:

Sales price $80 per radio
Variable cost $32 per radio
Fixed cost $360,000 per month
Crest is subject to an income tax rate of 40 percent.

Required: SHOW ALL STEPS:

a. How many receivers must Crest sell every month to break even?

b. How many receivers must Crest sell to earn a monthly operating profit of $90,000 after taxes?

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Accounting Basics: How many receivers must crest sell

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Accounting Basics: How many receivers must crest sell

Reference No:- TGS064448

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Expected to increase operating earnings

Q : Financial and managerial accounting impact

Q : Bonds payable to generate cash for expansion

Q : Taxes in itemizing deductions from agi

Q : How many receivers must crest sell

Q : Increment of sales within the relevant range

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How many receivers must crest sell

Reference No:- TGS064448

Recent Questions Asked Accounting Basics

Q : Expected to increase operating earnings

Q : Financial and managerial accounting impact

Q : Bonds payable to generate cash for expansion

Q : Taxes in itemizing deductions from agi

Q : How many receivers must crest sell

Q : Increment of sales within the relevant range

Q : Fall and spring semesters for fiscal

Q : What is reduction in earnings

Q : What amount of taxable does greenco report

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