Question: Panthers Inc. would like to know the required sales needed to achieve $75,000 in net income. Their variable costs amount to 55% of their
Panthers Inc. would like to know the required sales needed to achieve $75,000 in net income. Their variable costs amount to 55% of their selling price and they incur total fixed costs per year of $300,000. What is Panthers Inc.'s required sales in order to reach this target income of $75,000? (round your answer to nearest dollar amount)
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
To calculate the required sales needed to achieve a target net income of 75000 we need to use the co... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
