Question: I need help wit requirement 1 1. Use the equation approach to compute the number of flags Kincaid must sell each year to break even.

I need help wit requirement 1

1. Use the equation approach to compute the number of flags Kincaid must sell each year to break even.
2. Use the contribution margin ratio approach to compute the dollar sales Kincaid needs to earn $32,500 in operating income for 2016. (Round the contribution margin ratio to two decimal places.)
3. Prepare Kincaids contribution margin income statement for the year ended December 31, 2016, for sales of 78,000 flags. (Round your final answers up to the next whole number.)
4. The company is considering an expansion that will increase fixed costs by 17% and variable costs by $0.60 per flag. Compute the new breakeven point in units and in dollars. Should Kincaid undertake the expansion? Give your reasoning. (Round your final answers up to the next whole number.)
Requirement 1
(Net Sales Revenue - Variable Costs) - Fixed Costs = Target Profit
Show (in words) the Equation for Total Net Sales Revenue
Show (in words) 'Equation for Total Variable Costs
Rewrite the two above Equations to Simplify
Now include numbers for the Equation Above
Simplify

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