Ankeny Company wishes to earn after- tax net income of $18,000. Total fixed costs are $84,000, and the contribution margin per unit is $6.00. Ankeny's tax rate is 40%. The number of units that must be sold to earn the targeted net income is:
A) 17,000 units
B) 14,000 units
C) 19,000 units
D) 21,500 units
Correct Answer:
Verified
Q18: If the sales price per unit is
Q19: If the contribution- margin ratio is 0.30,
Q20: When analyzing cost, think of:
A) variable costs
Q21: An accountant may have difficulty classifying costs
Q22: The following information is for Center
Q24: Given a break- even point of 88,000
Q25: As sales exceed the break- even point,
Q26: Number of engineering hours is a likely
Q27: will decrease a company's break- even point.
A)
Q28: An increase in fixed costs usually indicates:
A)
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