What amount of dollar sales must be achieved to reach goal, Accounting Basics

What amount of dollar sales must be achieved to reach goal

Ivan Company has a goal of earning $160,000 after-tax income. Ivan would need to pay $29,000 of income taxes at the target level of income. The contribution margin ratio is 30%. What amount of dollar sales must be achieved to reach the goal if fixed costs are $108,000?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount of dollar sales must be achieved to reach goal

Reference No:- TGS0684474

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Find z value to right of mean-area under distribution curve

Find the z value to the right of the mean so that 62.93% of the area under the distribution curve lies to the left of it

Q : How comprehensive income is reported using second income

Administrative expenses $336,000; Cost of Goods Sold $1,190,000; rent revenue $56,000; selling expenses $420,000; extraordinary loss $84,000; sales 2,660,000; Shares outstanding during 2012 were 100,000.

Q : What is the firm sustainable growth rate

Plank%u2019s Plants had net income of $4,000 on sales of $70,000 last year. The firm paid a dividend of $1,480. Total assets were $200,000, of which $80,000 was financed by debt.

Q : Inferences about a given type of population parameter

The type of sample statistic that is used to make inferences about a given type of population parameter is called:

Q : What amount of dollar sales must be achieved to reach goal

Ivan Company has a goal of earning $160,000 after-tax income. Ivan would need to pay $29,000 of income taxes at the target level of income.

Q : Find the sustainable and internal growth rates for a firm

Find the sustainable and internal growth rates for a firm with the following ratios: asset turnover = 2.00; profit margin = 7%; payout ratio = 30%; equity/assets = 0.60. (Do not round intermediate calculations.

Q : Find probability that randomly selected student makes score

For a particular year, theaverage math score on the ACT is 19.7 with a standard deviation of 4.7. What is the probability that a randomly selected student makes at least a 29 in math?

Q : Calculate the approximate overhead cost per unit

Annual production and sales level of Product A is 92,100 units, and the annual production and sales level of Product B is 23,400 units.

Q : How much is the amortization

Dna issued $4,000,000 in 8% 10 yr bond on feb. 1,2010, at 115. Semiannual interest payment date are january 31 and july31. use staright line method and ignoring year-end accruals.

1947946

Questions
Asked

3,689

Active Tutors

1453910

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount of dollar sales must be achieved to reach goal

Reference No:- TGS0684474

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Find z value to right of mean-area under distribution curve

Q : How comprehensive income is reported using second income

Q : What is the firm sustainable growth rate

Q : Inferences about a given type of population parameter

Q : What amount of dollar sales must be achieved to reach goal

Q : Find the sustainable and internal growth rates for a firm

Q : Find probability that randomly selected student makes score

Q : Calculate the approximate overhead cost per unit

Q : How much is the amortization

What are the diagnosis codes for this delivery

Providing care for a neonate exhibiting signs of a herpes

What stage of human development you find most enlighten

How childhood brain growth and trauma impact development

Showcasing the key moments in the characters life journey

Guidance on nurturing healthy parent-child relationships

Problem regarding images of prejudice and dehumanization

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount of dollar sales must be achieved to reach goal

Reference No:- TGS0684474

Recent Questions Asked Accounting Basics

Q : Find z value to right of mean-area under distribution curve

Q : How comprehensive income is reported using second income

Q : What is the firm sustainable growth rate

Q : Inferences about a given type of population parameter

Q : What amount of dollar sales must be achieved to reach goal

Q : Find the sustainable and internal growth rates for a firm

Q : Find probability that randomly selected student makes score

Q : Calculate the approximate overhead cost per unit

Q : How much is the amortization

Asked Questions