Question: Cullumber, Inc. makes computer bags that sell for $30 each. For the coming year, management expects fixed costs to be $239,010. Variable costs are $21

Cullumber, Inc. makes computer bags that sell for $30 each. For the coming year, management expects fixed costs to be $239,010. Variable costs are $21 per unit.

Compute the sales required to earn a net income of $164,000, using the mathematical equation. (Round answer to 0 decimal places, e.g. 5,275.)

Required sales $

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 Accounting Questions!

Betsy Pitzer makes decisions according to Bayes' decision rule. For her current problem, Betsy has constructed the following payoff table (in units of dollars). a. Which alternative should Betsy...

Cullumber, Inc. makes computer bags that sell for $30 each. For the coming year, management expects fixed costs to be $239,010. Variable costs are $21 per unit. (a) Your answer is incorrect. Compute...

Cullumber, Inc. makes computer bags that sell for $30 each. For the coming year, management expects fixed costs to be $239,010. Variable costs are $21 per unit. Compute the sales required to earn a...

Cullumber, Inc. makes computer bags that sell for $30 each. For the coming year, management expects fixed costs to be $239,010. Variable costs are $21 per unit. Compute break-even sales using the...

Cullumber, Inc. makes computer bags that sell for $30 each. For the coming year, management expects fixed costs to be $239,010. Variable costs are $21 per unit. Compute margin of safety ratio...

Cullumber, Inc. makes computer bags that sell for $30 each. For the coming year, management expects fixed costs to be $239,010. Variable costs are $21 per unit. Computer margin of safety ratio...

Compute margin of safety ratio assuming actual sales are $940,500. (Round answer to 0 decimal places, eg. 20\%) Margin of Safety Ratio % eTextbook and Media Attempts: 0 of 3 used (d) The parts of...

Wildhorse, Inc. makes computer bags that sell for $30 each. For the coming year, management expects fixed costs to be $236.010. Variable costs are $21 per unit. (a) Compute break-even sales in...

Wildhorse, Inc. makes computer bags that sell for $30 each. For the coming year, management expects fixed costs to be $236,010. Variable costs are $21 per unit. Compute break-even sales in dollars...

William Dudley, president of the New York Fed, raised the prospect of the Fed becoming more explicit about its inflation goal to help anchor inflation expectations at the desired rate. a. What is the...

Assign oxidation states to all of the following atoms. a. UO 2 2+ b. As 2 O 3 c. NaBiO 3 d. As 4 e. HAsO 2 f. Mg 2 P 2 O 7 g. Na 2 S 2 O 3 h. Hg 2 Cl 2 i. Ca(NO 3 ) 2

Reports that emerged began to emerge in November of 2022 about financial instability at FTX and its affiliate, Alameda Research, highlighting concerns over fund commingling. FTX filed for bankruptcy...

Questions Q1. Write a Python program to retrieve the first and last colors from the following list: color_list = ["red", "green", "white", "blue", "black") Q2. Given the following dictionary,...

8. The interest rate on short-term U.S. government bonds is 4 percent. The risk premium for any asset with a beta = 1.0 is 6 percent. What is the average expected rate of return on the market...

4. Consider an asset that costs $120 today. You are going to hold it for 1 year and then sell it. Suppose that there is a 25 percent chance that it will be worth $100 in a year, a 25 percent chance...

LO38.4 Discuss why there is no long-run trade-off between inflation and unemployment.