what is the required sales amount? (in dollars)

Accounting
Tutor: None Selected Time limit: 1 Day

For Turgo Company, variable costs are 60% of sales, and fixed costs are $173,600. Management’s net income goal is $95,400.

Jun 19th, 2015

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Jun 19th, 2015

As 

Net Income = Sales - Total cost

95400 = sales - (173600+60% of sales)

95400 + 173600 = sales - 0.6 x sales

269000 = 0.4 x sales

sales = $672500


Jun 19th, 2015

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