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For Flynn Company, variable costs are 70% of sales, and fixed costs are $195,000. Management’s net income goal is $75,000. Compute the required sales in dollars needed to achieve management’s target net income of $75,000.

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23lovekoch

Answer:

i would 75,345 is your answer

Explanation:

abiolataiwo2015

The required sales in dollars needed to achieve management’s target net income of $75,000 is $900,000.

Required sales in dollar

Using this formula

Required sales in dollar=Fixed cost+ Net income/ (1-percentage)

Let plug in the formula

]Required sales in dollar=$195,000+$75,000 /(1-.70)

Required sales in dollar=$270,000/.30

Required sales in dollar=$900,000

Therefore the required sales in dollars needed to achieve management’s target net income of $75,000 is $900,000.

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