Preston Products produces a disinfecting liquid. The liquid is sold in one gallon containers and has the
Question:
Preston Products produces a disinfecting liquid. The liquid is sold in one gallon containers and has the following price and cost characteristics.
Preston Products is subject to an income tax rate of 21 percent.
Required
a. How many gallons must Preston Products sell every month to break even?
b. How many gallons must Preston Products sell to earn a monthly operating profit of $75,840 after taxes?
Transcribed Image Text:
Sales price.... Variable costs. Fixed costs $ 36 per gallon 12 per gallon 504,000 per month LA
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
a b Profit P...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Since the early 1990s, woodstove sales have declined from 1,200,000 units per year to approximately 100,000 units per year. The decline has occurred because of (1) stringent new federal EPA...
-
The Liquid Chemical Company manufactures and sells a range of high-grade products. Many of these products require careful packaging. The company has a special patented lining made that it uses in...
-
The records of Calib Corporation provided the following summarized data for 2014 and 2015: a. Calib is subject to an income tax rate of 35 percent. Assume that 80 percent of the income taxes payable...
-
In Exercises 13 through 20, use the chain rule to compute the derivative dy/dx for the given value of x. y ==;u= u 3 - 1 for x 2
-
The expected return for the market is 12 percent, with a standard deviation of 21 percent. The expected risk-free rate is 8 percent. Information is available for five mutual funds, all assumed to be...
-
How are Coordinate Reference Systems applied to A&D, medical, manufacturing, and business domains? Illustrate graphically.
-
The following trial balance of Jeana Jones Tutoring Service, Inc., at August 31, 2011, does not balance: Investigation of the accounting records reveals that the bookkeeper: Requirement 1. Prepare...
-
Gillman Co. is forecasting sales of 62,000 units of product for August. To make one unit of finished product, 5 pounds of raw materials are required. Actual beginning and desired ending inventories...
-
When deciding where to go to college, Sidney had to take into account the tuition for the different schools she was applying for, the cost of renting an apartment on campus, the price of the school...
-
As the volunteer business manager for the New City Band (City Band), you are responsible for preparing the operating budget for the organizations upcoming summer concert season. Each year, City Band...
-
Cruse Cleaning offers residential and small office cleaning services. An average cleaning service has the following price and costs. Cruse Cleaning is subject to an income tax rate of 22 percent. a....
-
Lappin Community Transit (LCT) is a not-for-profit mostly volunteer organization that provides transportation to seniors. As a not-for-profit, it refers to an excess of revenues over costs as a...
-
New York is known as "the city that never sleeps". A random sample of 25 New Yorkers were asked how much sleep they get per night. Statistical summaries of these data are shown below. The point...
-
Julio Ramirez sat forward at his desk and pondered the lat- est contract he taken in his human resource management consultancy. He been contracted by the Metro School District to provide some outside...
-
Joe Houlihan has borrowed $12,000 from the Friendly Finance Company. He will repay the loan by making 10 annual payments of $1869.83. Determine the interest rate that Friendly is charging Joe.
-
Find the absolute maxima for the function: f (x) = 7 x + sin (7x) on the interval [0,2]. Enter the exact answers. absolute maximum = absolute minimum A
-
The length 3 . 7 6 mm is divided by 0 . 0 2 3 2 mm . The appropriately rounded ratio is
-
Two waves whose frequencies are 5 0 0 and 5 1 1 per second travel out from a common point. Find their difference in phase after 1 . 4 0 s Answer : 1 4 4 degrees Provide derived equation how this...
-
What short-term objectives are required for Tesla to survive?
-
1. Advertising for eyeglasses _________ (increases/decreases) the price of eyeglasses because advertising promotes _________. 2. An advertisement that succeeds in getting consumers to try the product...
-
Marias Food Service provides meals that nonprofit organizations distribute to handicapped and elderly people. Here is her forecasted income statement for April, when she expects to produce and sell...
-
Marias Food Service provides meals that nonprofit organizations distribute to handicapped and elderly people. Here is her forecasted income statement for April, when she expects to produce and sell...
-
Carlsbad Enterprises has a capacity to produce 400,000 computer cases per year. The company is currently producing and selling 320,000 cases per year at a selling price of $40 per case. The cost of...
-
The relationship between human society and the environment, especially in the context of industrialization and fossil fuel use as the main energy source, has been characterized by uncertainty in...
-
Lightfoot Inc., a software development firm, has stock outstanding as follows: 32,000 shares of cumulative preferred 1% stock, $145 par and 107,000 shares of $160 par common. During its first four...
-
A student is working with a 3.00-F capacitor, a 5.75-uF capacitor, and a 6.40-V battery. What is the the charge (in C) on each capacitor if the student connects the capacitors in the following ways....
Study smarter with the SolutionInn App