Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please help with 10-12 exercise 10 indi co. had s

please help with 10-12 Exercise 10 Indi Co. had sales per unit of $125...

60.1K

Verified Solution

Question

Accounting

imageplease help with 10-12

Exercise 10 Indi Co. had sales per unit of $125 and a contribution margin ratio of 0.6 -Its fixed costs total $30000 and it wants to earn a target net income (TNI) of $15000 after taxes (assume a tax rate of 25%). Calculate the following: Break-even point in sales Pre-tax net income Exercise 11 Joel Co. had sales per unit of $12 and a variable costs per unit of $6. Its fixed costs total $2250 and it wants to earn a target net income (TNI) of $9000 after taxes. Assuming a tax rate of 25%, calculate the following: Sales required for TNI in $) Exercise 12 Todd Co. sells its product for $60 per unit. It has a contribution margin ratio of 0.3 and its fixed costs total $9000. If Todd Co. wants to earn a pre-tax net income of $18000 how many units must be sold (assume a tax rate of 25%)

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