Temp Range Company prepared the following income statement for 2014: Instructions Answer the following independent questions and
Question:
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Instructions
Answer the following independent questions and show computations to support your answers.
a. What is the company's break-even point in units?
b. How many units would the company have had to sell to earn a target net income of $64,000 in 2014?
c. If the company expects a 25% increase in sales volume in 2015, what would be the expected net income in 2015?
d. How much sales (in dollars) would the company have to generate in order to earn a target net income of $68,000 in 2015?
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Computation of the following a Breakeven point in units Fixed cost Contribution margin ...View the full answer
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Related Book For 
Financial Accounting
ISBN: 978-0078025556
8th edition
Authors: Robert Libby, Patricia Libby, Daniel Short
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