Lin faces a tax rate of 40 and wants to achieve the target, Accounting Basics

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Lin faces a tax rate of 40 and wants to achieve the target

Problem

Lin Corporation has a single product whose selling price is $120 and whose variable expense is $80 per unit. The company's monthly fixed expense is $50,000.

If Lin has a target profit of $10,000 per month, what are the monthly sales revenues needed to achieve this target?

Suppose Round your answer to the nearest dollar.

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Accounting Basics: Lin faces a tax rate of 40 and wants to achieve the target

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Accounting Basics: Lin faces a tax rate of 40 and wants to achieve the target

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