Question: Begin by stating the operating income equation. Let R equal the revenues needed to earn $2,542,000 in operating income and express the variable costs as

Begin by stating the operating income equation. Let R equal the revenues needed to earn $2,542,000

in operating income and express the variable costs as a percent of R. (Round your answer up to the nearest whole dollar.)

R

-.

0.15R

-

0.43R

-

$3,170,000

-

$5,098,000

=

$2,542,000

Use the equation you determined above and solve for the revenue needed. (Round your answer up to the nearest whole dollar.)

The salespeople must generate revenue of

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!