Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. john corporaton is a single product firm with the

John Corporaton is a single product firm with the following cost formula for all of...

90.2K

Verified Solution

Question

Accounting

John Corporaton is a single product firm with the following cost formula for all of its costs for next year, where X is the number of units sold and Y is total cost:

Y=$225,000 + $30X

John sells its product for $120 per unit. What would John's total sales dollars have to be next year in order to generate $270,000 of net operating income?

A. $618,750

B. $1,080,000

C. $1,980,000

D. $660,000

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

BUSINESS TRAVEL EXPENSES An executive of Trident Communications recently traveled to London, Paris, and Rome. She  paid $280,...

Geometry
1.2K views

A rectangular field is 15 yards in length and 48 feet in width. What is...

Algebra
1.2K views

OGRAPHS AND FUNC ENS Writing the equation of a line through two give Find an...

Accounting
1.2K views

You want to endow a scholarship that will pay $10,000 per year forever, starting one...

Accounting
1.2K views

Usted es el gerente financiero de esta empresa. La compaa est considerando un proyecto de...

Accounting
1.2K views

In previous years, Cox Transport reacquired 2 million treasury shares at $20 per share and,...

Accounting
1.2K views

Please answer the questions below QUESTION 1 Which of the following is the correct...

Accounting
1.2K views

Illustration 8 Journalize the following transactions 2010 March 1 Mark started business with $10,000 2...

Accounting
1.2K views

In order to determine the loan amount, your manager asks you to prepare the following...

Accounting
1.2K views

Assume that Terrell is required to supply certain items for his job by his employer....

Accounting
1.2K views

The Planning Budget for the Johnny Pickles Brewing Company is presented Below. The units of...

Accounting
1.2K views

In the current year Kent reports income and losses from the following activities: Activities X,Y,...