Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. young and martin, inc., sells a single product. th

Young and Martin, Inc., sells a single product. This year, 20,000 units were sold resulting...

80.2K

Verified Solution

Question

Accounting

Young and Martin, Inc., sells a single product. This year, 20,000 units were sold resulting in $130,000 of sales revenue, $60,000 of variable costs, and $17,500 of fixed costs:

The number of units that must be sold annually to achieve $52,500 of profits is

a. 10,000 units

b. 5,000 units

c. 20,000 units

d. 15,000 units

If sales increase by $19,500 in a year, profits will increase by

a. $35,000

b. $17,500

c. $10,500

d. $19,500

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

Basic Math
1.2K views

Consider the linear transformation T : P2 ? P2 given by T(p(x)) = p(0) + p(1)...

Operations Management
1.2K views

Why do you think government expenditures as a percentage of GDP have increased in the U.S....

Medical Sciences
1.2K views

Search out the pathophysiology of myesthenia gravis and the reason that it leads to muscle weakness....

Physics
1.2K views

Two stationary positive point charges, charge 1 of magnitude 3.45nC and charge 2 of magnitude 1.80nC , are...

Electrical Engineering
1.2K views

Write the equation that describes the behavior of excess charge carriers in a p-type semiconductor under...

Mechanical Engineering
1.2K views

Consider a diffuser in which air flows steadily. At the inlet of the diffuser the pressure,...

Basic Math
1.2K views

D2L Homepage CX CP Links M Gmail M Connect X Mc Doct www awu aleks...

Statistics
1.2K views

A normally distributed population has a mean of 80 and a standard deviation of 12...

Accounting
1.2K views

Based upon the material covered from the readings and/or videos from Week 1, highlight the...

Accounting
1.2K views

B2B Co. is considering the purchase of equipment that would allow the company to add...

Finance
1.2K views

7.18 Suppose it is 1995 and the following direct quotes are received for spot and...

Finance
1.2K views

4. A property has an NOI of $345,000 and a value of $2,585,000. What is...