Homework Answers
| Net Income in 2019 | $267,000 |
| Add: Fixed costs | $574,000 |
| Contribution Margin (a) in 2019 | $841,000 |
| Selling price per unit in 2019 | $153 |
| Less: Variable cost per unit in 2019 | ($95) |
| Contribution Margin per unit (b) in 2019 | $58 |
| Number of units sold in 2019 (a/b) | 14,500 |
| Expected net income in 2020 ($267,000 + $87,000) | $354,000 |
| Add: Fixed costs | $574,000 |
| Contribution Margin (a) in 2020 | $928,000 |
| Contribution Margin per unit (b) in 2020 | $58 |
| Number of units sold in 2020 (a/b) | 16,000 |
| Expected net income in 2020 ($267,000 + $87,000) | $354,000 |
| Add: Fixed costs | $574,000 |
| Contribution Margin (a) in 2020 | $928,000 |
| Add: Variable costs (14,500 units * $95 per unit) | $1,377,500 |
| Sales revenue (a) | $2,305,500 |
| Number of units sold in 2020 (b) | 14,500 |
| New selling price (a/b) | $159 |
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Martinez Company had $152,000 of net income in 2016 when the selling price per unit was $154, the variable c...
Martinez Company had $152,000 of net income in 2016 when the
selling price per unit was $154, the variable costs per unit were
$94, and the fixed costs were $571,700. Management expects per unit
data and total fixed costs to remain the same in 2017. The
president of Martinez Company is under pressure from stockholders
to increase net income by $64,100 in 2017.
(a)
We were unable to transcribe this imageWe were unable to transcribe this imageWe were unable to...
Martinez Company had $152,000 of net income in 2016 when the selling price per unit was $154, the variable costs per un...
Martinez Company had $152,000 of net income in 2016 when the
selling price per unit was $154, the variable costs per unit were
$94, and the fixed costs were $571,700. Management expects per unit
data and total fixed costs to remain the same in 2017. The
president of Martinez Company is under pressure from stockholders
to increase net income by $64,100 in 2017.
Compute the number of units sold in 2016. (Round answer to O decimal places, e.g. 1,225.) T...
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question 1
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Question Wildhorse Company had $273,300 of net income in 2019 when the selling price per unit was $155, the variable costs per unit were $90, and the fixed costs were $571,700. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Wildhorse Company is under pressure from stockholders to increase net income by $39,000 in 2020, Compute the number of units sold in 2019. Compute the...
Question Wildhorse Company had $273,300 of net income in 2019 when the selling price per unit was $155, the variable costs per unit were $90, and the fixed costs were $571,700. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Wildhorse Company is under pressure from stockholders to increase net income by $39,000 in 2020, Compute the number of units sold in 2019. Compute the number of units that would have...
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Martinez Company had $152,000 of net income in 2016 when the
selling price per unit was $154, the variable costs per unit were
$94, and the fixed costs were $571,700. Management expects per unit
data and total fixed costs to remain the same in 2017. The
president of Martinez Company is under pressure from stockholders
to increase net income by $64,100 in 2017.
(a)
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Martinez Company had $152,000 of net income in 2016 when the
selling price per unit was $154, the variable costs per unit were
$94, and the fixed costs were $571,700. Management expects per unit
data and total fixed costs to remain the same in 2017. The
president of Martinez Company is under pressure from stockholders
to increase net income by $64,100 in 2017.
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question 1
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Question Wildhorse Company had $273,300 of net income in 2019 when the selling price per unit was $155, the variable costs per unit were $90, and the fixed costs were $571,700. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Wildhorse Company is under pressure from stockholders to increase net income by $39,000 in 2020, Compute the number of units sold in 2019. Compute the...
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