Speckman Enterprises, Inc., produces and sells a single product whose selling price is $200.00 per unit and whose variable expense is $68.00 per unit. The company's monthly fixed expense is $514,800.Assume the company's target profit is $12,000. The dollar sales to attain that target profit is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $1,549,412
B. $526,800
C. $958,131
D. $798,182
Answer: D
You might also like to view...
A series of experiments conducted in the middle of the 20th century tested the link associated with _________ identification, perceptions of group prestige, and social categorization.
a. employer b. professional *c. in-group d. out-group
The Western Boot Company will produce 94,000 pairs of boots next year. Variable costs are 35 percent of sales,
while fixed costs total $223,000. At what price must each pair of boots be sold for Western to obtain an EBIT of $1,391,500? What will be an ideal response?
What are the differences between foreign currency option contracts and forward contracts for foreign currency?
What will be an ideal response?
A specific tariff is:
a. applied only to exports b. set as a percentage of the product price of an imported good c. applied only to products produced in countries that are not members of the WTO d. applied only to goods, not services e. none of the other choices