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Exercise 5-14 (Video) Sheridan Company had $183,900 of net income in 2019 when the selling...

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Exercise 5-14 (Video) Sheridan Company had $183,900 of net income in 2019 when the selling price per unit was $155, the variable costs per unit were $95, and the fixed costs were $572,100. Management expects per unit data and total foxed costs to remain the same in 2020. The president of Sheridan Company is under pressure from stockholders to increase net income by $50,400 in 2020 Your answer is correct Compute the number of units sold in 2019. 12000 units VIDEO SIMILAR EXERCISE TO TEXT LINK TO TEXT Your answer is correct. Compute the number of units that would have to be sold in 2020 to reach the stockholders' desired profit level 13440 units Your answer is correct. Compute the number of units that would have to be sold in 2020 to reach the stockholders' desired profit level. 13440 units LINK TO TEXT URK TO TEXT VIDEO: STHILAR EXERCISE Your answer is incorrect. Try again Assume that Sheridan Company sells the same number of units in 2020 as it did in 2019. What would the selling price have to be in order to reach the stockholders' desired pront level? New selling price

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