Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. for wildhorse company, variable costs are 68% of s

For Wildhorse Company, variable costs are 68% of sales, and fixed costs are $199,000. Managements...

50.1K

Verified Solution

Question

Accounting

For Wildhorse Company, variable costs are 68% of sales, and fixed costs are $199,000. Managements net income goal is $778. Compute the required sales in dollars needed to achieve managements target net income of $778. (Use the contribution margin approach.)

Required sales

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Given the following factors below, describe how the molecules of the reactants are being affected. Give...

Physics
Q

Question 1 The benefits of adopting Total Quality Management (TQM) strategies and approaches for organizations can aptly...

General Management
Q

What is leachate?A drainage from abandoned coal mines that creates an orange-yellow film in the...

Biology
Q

A cylindrical container having non conducting walls is partitioned in two equal parts such that...

Physics
Q

Complete Fiscal 2016 Home Depot 2016 Annual Report Ratios - Include the formula for...

Accounting
Q

Question 4 Dotito traders is operating two departments namely grocery and Butchery. The following balances...

Accounting
Q

Gary and Lakesha were married on December 27 last year. They are now preparing their...

Accounting
Q

Question 2 ( 20 marks) Hilo's Construction Co has recorded the following information for the...

Accounting
Q

31) Flannery Company, a manufacturer of small appliances, had the following activities, allocated costs, and...

Accounting
Q

i need help with this questions part that sais "Aging of Receivables Schedule" i insert...

Accounting
Q

Mark Collins, luthier and businessman, builds and sells custom-made acoustic and electric stringed instruments. Although...

Accounting
Q

Which of the following is NOT a step in the Independence Awareness Cycle? Select all...

Finance