Question: I don't know how to solve the problem Selling Price Required to Yield a Targeted Net Income Seahawk Company is planning to sell 200,000 units
I don't know how to solve the problem
Selling Price Required to Yield a Targeted Net Income Seahawk Company is planning to sell 200,000 units of product B. The fixed costs are $400,000 and the variable costs are 60% of the selling price. The Company wishes to realize net income before taxes of $90,000. The tax rate is 40%.
1. Calculate the sales price required to realize the target before-tax net income.
2. What sales price would be required to realize net income after taxes of $90,000
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