Solved: What amount of sales that will be necessary to earn profit, Financial Accounting

+44 141 628 6080
[email protected]

What amount of sales that will be necessary to earn profit

Response to the following problem:

CMA, Inc, produces a product that has a variable cost of $2.50 per unit. The company's fixed costs are $30,000. The product is sold for $5.00 per unit and the company desires to earn a target profit of $20,000. What amount of sales that will be necessary to earn the desired profit?

Make sure you use enough details to support your answer.

Solution Preview :

Prepared by a verified Expert

Financial Accounting: What amount of sales that will be necessary to earn profit

Reference No:- TGS02099790

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What is allied industries receivable collection period

What is Allied Industries' receivable collection period (rounded to the nearest day)? 156 O 590 300 O 150

What did the bipartisan campaign reform act

What did the Bipartisan Campaign Reform Act of 2002 do? a. prohibited special interest groups from making

How adverse opinion most likely should be expressed

An adverse opinion most likely should be expressed when The auditor cannot obtain sufficient appropriate evidence regarding the inventory count

Spending variance for direct materials in august would be

The spending variance for direct materials in August would be closest to: Group of answer choices $524 F $20 F $20 U $524 U

Describe their preferred influence strategies

Based on the documentary watched in class, how would you describe their preferred influence strategies?

What is the current ratio for kramer industries

Kramer Industries has cash of $39,000; net Accounts Receivable of $45,000; short-term investments of $12,000 and inventory of $31,000.

What is the quick ratio for picasso paint supply

It also has $50,000 in current liabilities and $75,000 in long-term liabilities. What is the quick ratio for Picasso's Paint Supply?

Solution Preview :

Prepared by a verified Expert

Financial Accounting: What amount of sales that will be necessary to earn profit

Reference No:- TGS02099790

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Accounting

Q : Reflect on interplay between career issues and mental health

Q : Describe the main components of classical conditioning

Q : Describe linear regression model to forecast demands

Q : Discuss what are your goals for professional development

Q : What amount of sales that will be necessary to earn profit

Q : What did you do well in terms of the intervention

Q : Discuss about the different party platforms-democratic party

Q : Discuss the main views of biological psychology

Q : What are the standard inputs or costs