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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 67
Refer to the information in Exercise 21-16.
1. Assume Hudson Co. has a target pretax income of $162,000 for 2016. What amount of sales (in dollars) is needed to produce this target income
2. If Hudson achieves its target pretax income for 2016, what is its margin of safety (in percent) (Round to one decimal place.)
REFERENCE: Exercise 21-16
Hudson Co. reports the contribution margin income statement for 2015 below. Using this information, compute Hudson Co.'s (1) break-even point in units and (2) break-even point in sales dollars.
1. Assume Hudson Co. has a target pretax income of $162,000 for 2016. What amount of sales (in dollars) is needed to produce this target income
2. If Hudson achieves its target pretax income for 2016, what is its margin of safety (in percent) (Round to one decimal place.)
REFERENCE: Exercise 21-16
Hudson Co. reports the contribution margin income statement for 2015 below. Using this information, compute Hudson Co.'s (1) break-even point in units and (2) break-even point in sales dollars.
Explanation
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1.
Break-even point is the level of sale...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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