Question: please show the workings if possible, so that it can be helpful for revision Question 5 FLAG QUESTION > ... Tammy's Totes sells hand-made tote

please show the workings if possible, so that it can be helpful for revision

Question 5 FLAG QUESTION > ... Tammy's Totes sells hand-made tote bags for $10 each. Tammy's variable costs are $6 per bag and her fixed costs total $4,000 per month. If Tammy's tax rate is 20%, how many totes must Tammy sell each month if she wants to earn $5,000 in net income? Answers A-D A 1,708 B 2,667 C 2,813 D 2,563 O

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!

Stacy Ennis eats lunch at a local restaurant two or three times a week. In selecting a restaurant on a typical workday, Stacy uses three criteria. First is to minimize the amount of travel time,...

please show the workings if possible, so that it can be helpful for revision Question 6 FLAG QUESTION ... EverGreen Company sells two types of air filters, Standard and Deluxe. The Standard filter...

please show the workings if possible, so that it can be helpful for revision Question 18 FLAG QUESTION ... Pam's Puppy Parlor is a pet grooming parlor and boutique. Pam sells personalized puppy...

please show the workings if possible, so that it can be helpful for revision Question 4 FLAG QUESTION ... Computer Basics offers three types of on-line basic computer training: Office, Web Design,...

question 13 12 peints) The formula for mangin of safety in sales dellars is 1} Currere unit sales minus breakrvm unit sales. Actual sales minus bucdgeted sales. Currnt sale revenue minus breakeven...

Hi Please help with the question below. Prepare tax documents for individuals- Small business entities Answer to Q-6.13 (Various concessions applied) Note- Please show all workings where necessary...

Management accounting 1B.clear and full answers. Pure lye purchases were 3 000 litres at N$42 per litre. Fragrance oils purchases were 1700 litres at N$30 per litre. It is Falesha Ltd.'s policy to...

(Low value pool, asset with part private use) QUESTION 10.9 Scooby Montana is employed as a salesperson. Scooby uses a low value pool which, at 30 June 2019, had a balance of $1,850. entirely for...

QUESTION 8.25 (Car expenses using logbook and expense data) Rory derives business income from a retail cosmetics store. On 1 October 2019, Rory bought a Mercedes for $78,340. Its effective life is...

Answer to Q-6.13 (Various concessions applied) Note- Please show all workings where necessary and you may use additional space below Please write your workings/explanations and answers in Blue cells...

The following question is based on the material in Chapter 6 of the textbook Prepare Tax Documentation for Individuals" 17th edition 6.11.(Various concessions applied) Mac Hasi is a 40 year old...

Assume that the following assets are correctly priced according to the security market line. Derive the security market line. What is the expected return on an asset with a beta of 2? R, = 6% R2 =...

1. Parasympathetic activation leads to the release of a) acetylcholine; bronchoconstriction b) acetylcholine; bronchodilation. and cause c) epinephrine; bronchoconstriction d) epinephrine;...

2. What actions, if any, is your company taking to pursue continuous improvement in how it performs certain value chain activities?

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

5. Although not subject to judicial scrutiny, evidence in an arbitration hearing still has its complexities. Discuss related considerations that could be involved in an arbitration hearing involving...

2. Evidence in Disciplinary Cases. The OYEZ Project is a multimedia archive devoted to the Supreme Court of the United States and its work. According to the OYEZ Web site, it aims to be a complete...

3. Employment Discrimination. The Legal Information Institute at Cornell has an excellent Web site that allows for searching federal and state statutes and case law and provides additional Web links...